News: 'India to tap education market'
(TNN 24/03/2006) New Delhi - Harvard University’s outgoing president Lawrence H Summers said that India needed to realise its potential as magnet for global students. While US universities attracted some 565,000 international students last year, India managed to attract less than 8,000 foreign students.
Professor Summers said that of the 191,000 US students, only 1,157 came to India. “There is enough economic potential and opportunities in India. But India has to do a lot to improve its higher education.”The former US treasury secretary said that it was flexibility, capacity to respond to changing conditions and brutal competition for students, faculty and funds that allowed for a better higher-education system.
Pointing to economic benefits of encouraging foreign students, he said: “Some may argue that there is not enough for Indian students, so why get international students, while others may say that India should try to retain its students from going abroad.” But I would say there is a simple economic counter to this. Attracting tuition in dollars and euros will provide a reliable stream of revenue for Indian universities, which will enable them expand facilities to reach larger number of domestic students.”
Professor Lawrence H Summers was addressing Ficci summit on private participation in higher education. Echoing Planning Commission deputy chairman M S Ahluwalia, Summers said India should move ahead of the traditional debate on the importance of primary or higher education.
Professor Summers said that of the 191,000 US students, only 1,157 came to India. “There is enough economic potential and opportunities in India. But India has to do a lot to improve its higher education.”The former US treasury secretary said that it was flexibility, capacity to respond to changing conditions and brutal competition for students, faculty and funds that allowed for a better higher-education system.
Pointing to economic benefits of encouraging foreign students, he said: “Some may argue that there is not enough for Indian students, so why get international students, while others may say that India should try to retain its students from going abroad.” But I would say there is a simple economic counter to this. Attracting tuition in dollars and euros will provide a reliable stream of revenue for Indian universities, which will enable them expand facilities to reach larger number of domestic students.”
Professor Lawrence H Summers was addressing Ficci summit on private participation in higher education. Echoing Planning Commission deputy chairman M S Ahluwalia, Summers said India should move ahead of the traditional debate on the importance of primary or higher education.
posted by InCar Group Press Room at 23:26
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