Over 2.64 lakh students, who have gone abroad for studies, are spending approximately USD 5.5 billion (about Rs 27,000 crore) every year, Lok Sabha (Parliament of India) was informed. Most of the students who go abroad for higher education, seek jobs in the foreign country, resulting in a permanent loss of talent for the country.
This huge outflow of money and the brain can be at least partly reduced if the universities and the technical institutions in India deliver what their foreign counterparts do.
It is essential that conducive atmosphere is created in India so that the reputed foreign universities come here. The entry of foreign institutions in the higher education shall generate healthy competition and help improving the quality of education as a whole.
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