It's like our education system is living in the history, reason being the Outdated curriculums, low commitment of resources for the research in the institutions of higher learning, maximum funds of the state and central government utilised for salary payments and other overhead costs.
Also one other concern is the political interference as the universities are frequently used as hubs for political activities.
It is this inability of the country's excellence in higher education that many Indian students have turned to foreign universities.
Also the Indian research institutes failing to achieve a good rank in terms of patents, new technology and innovation start ups has instigated the IITians to turn to foreign universities. The institutes do not stand even in the Top 100 global list.
Most of the IITians who go abroad for research do not return back to the country even after obtaining their doctorates.
The Tata Institute of Social Sciences and Industry Body, Assocham has pointed out that about $6-7, that is approximately RS 45000 crore, is spent by the Indians for studying abroad.
Even though being the largest in the world and standing third in terms of enrolment, the Indian higher education system lacks in the innovation. It is inefficient in employing the youth.
The government allocates thousands of millions of rupees in the establishment and upkeep of the IITs but these have not produced even a single worldwide patent.
Much smaller nations, like Italy and Finland have a better position than India in this field.
There is an enrolment of 10,000-15,000 in the IITs but it has been unsuccessful in producing a single Nobel Laureate and none has proved to be an equivalent of a Google, Facebook, Microsoft or a Nike.
The Assocham study Titled 'Realigning Skilling towards Make in India' has highlighted that not only the elite spend on foreign education, but the middle class families also spend their savings for education of their wards abroad.
The policies of the UGC and AICTE and other such councils are responsible for stifling the possible innovations through their archival stranglehold over policy.
Independent Regulation
Setting up a body of enlightened people, including even those with a rural background will be helpful in assessing the needs, demands and the changing technology and further meeting the educational needs.
To ensure mandatory quality rating of all government, state, autonomous or private universities and institutions, a National Higher Education Commission (NHEC) must be set up. It should be an independent regulator on the lines of SEBI or CVC (Central Vigilance Commission).
Delinking skilling from labour, skilling should be made a part of the university education.
The spending of the government should be prioritised on higher education, also keeping in consideration the SC/ST, OBC and other under-privileged students.
MIT s should be used to promote the successful entrepreneurs and the direct funding of the central and state government should be stopped.
A sovereign guarantee must be provided to the aspiring students for the assessment of a bank loan without collateral.