Foreign Universities can open campuses in India under New Education Policy
The change comes as part of a policy to increase public spending on education India on Wednesday approved a plan to allow foreign universities to open campuses in the country as part of efforts to boost education to strengthen the economy as it struggles with the impact of the coronavirus pandemic.
Politicians affiliated with the left as well as Prime Minister Narendra Modi's ruling party have opposed several attempts by previous administrations to open up the sector to overseas institutions.
But many government officials have been pushing the move as more than 750,000 Indian students’ study abroad, spending billions of dollars outside the country every year.
The government will allow "entry of top world-ranked universities to open campuses in our country", a government statement said after a cabinet meeting chaired by Modi.
The change comes as part of a policy to increase public spending on education to nearly 6 percent of gross domestic product from around 4 percent now.
Education is among sectors PM Modi is aiming to reform in an effort to bolster the economy in the wake of the pandemic.
The government is seeking to expand access to higher education to 50 percent of high school students by 2035, aiming to add about 35 million new places for students, and achieve universal adult literacy before that date, Higher Education Secretary Amit Khare told reporters.