Indian government is now contemplating on the idea of allowing Foreign Direct Investment (FDI) in education sector of India. Indian government has been carrying out a lot of reform activities for the economy to attract more FDI in the country. So, why not have FDI in education too?
I am in favor of allowing FDI in education sector of India and I am giving here 10 reasons for it.
- There are limited seats in Indian colleges and universities. So, allowing FDI would increase more opportunities to study for Indian students.
- Many students are going abroad to pursue higher education. If foreign universities come to India, then some of these students will surely stay in India and study here.
- Indian economy is incurring an expense of more than $4 billion every year because of the fact that thousands of Indian students are going to America and Europe for higher education.
- FDI in education sector will attract some of the best universities in the world and open their branches.
- It will also ensure world class research facilities for Indian students.
- It will also increase the possibility of Indian students to get jobs in multinational companies.
- India needs many skilled workers within a short time. Foreign universities can contribute a lot in this regard.
- If foreign schools and universities open their branches in India then many students from neighboring countries will come to study in those universities in India and India will turn into a regional hub on education.
- Indian students will come into contact with some of the top professors of the world.
- Indian students will be able to have world class labs and libraries.
Of course, Indian government should set up a regulatory body to oversee the foreign educational institutes. Indian government must not allow those foreign institutes who would want to come here only to earn money from Indian students.
Comment Preview