Why does India need a world class university
The answer that fits that question is in the words of Philip G. Altbach, author and researcher from Boston College, he is one of the world’s best thinkers on higher education he once said “India is a world-class country without world class. It deserves some world class institutions as it is a very large and growing economy. There are a lot of smart people in India but they go away to other countries as they do not find top-level institutions here.”
The problem with India having world-class universities is that a lot of government intrusion is there which will be difficult to remove. According to the finance minister Mr. Arun Jaitley, India does have a plan to include 10 public and 10 private sector universities and go for 20 world-class universities. But nothing is concrete and there may be many slips between the cup and the lips. Not until everything is finalized and work started can anything be said.
While talking about these world-class universities experts talk about roping in big business houses to invest in them. They expect that these business houses will work on a non-profit making basis thus becoming philanthropic. This will, ofcourse, cover the funding part but there will also be a requirement of good teachers who are interested in teaching, not research as is the case at present. India does have well learned professors but they must become good teachers. According to these same experts, there are some excellent universities but the number is very small compared to those needed. They say India should follow the US path of Private Philanthropy in order to bring in these World- Class Universities and tax benefits be given to these private investors. This will not only give good education to Indian students but will also bring in foreign investments and prevent brain drain as good Indian students will not go abroad for further education.
A not for profit agency to finance higher education will be announced by the government to bring in funds for the universities from the market. The 20 universities will be selected by the rankings of the National Institution Ranking Framework( NIRF). The NIRF was launched in September 2015 and it takes care of areas teaching, research, graduate outcomes and inclusivity.