NITI Aayog Proposes $10-Billion Research Fund and Scholarships to Globalise Indian Higher Education
NITI Aayog has released a report titled 'Internationalisation of Higher Education in India,' proposing a roadmap to attract foreign students and faculty. Key recommendations include setting up a $10-billion 'Bharat Vidya Kosh' (national research sovereign wealth fund), establishing 'Vishwa Bandhu' scholarships, and easing regulations for international campuses in India. The report aims to address the 'imbalance' where 28 Indian students go abroad for every one international student coming to India. It also suggests updating NIRF rankings and aligning with the National Education Policy (NEP) 2020.
Key Points
- A $10-billion Bharat Vidya Kosh is proposed for research, with 50% funding expected from the diaspora.
- The 'Vishwa Bandhu' scheme aims to attract international talent through dedicated scholarships and fellowships.
- India aims to host nearly 7.89 lakh international students by 2047 to become a global education hub.
- The report suggests an Erasmus+-like program to facilitate student mobility and international collaboration.
Exam Facts
- $10 billion Bharat Vidya Kosh (proposed research fund).
- 28:1 ratio of outbound to inbound Indian students in 2024.
- Target of 7.89 lakh international students by 2047.
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