Indian higher education institutions and IITs are losing US$6-7bn annually to their foreign counterparts as more students look to study overseas, the Associated Chambers of Commerce & Industry of India claims.
Education partnering organisation INTO’s annual agent survey reveals agencies worldwide are optimistic about future outbound numbers. Responses also expose country-specific drivers for overseas study and a growing demand for high school qualifications.
Canadian educators have partnered with the National Skill Development Corporation of India to undertake part of the mammoth task of upskilling India's youth population. With the NSDC responsible for training 150 million young people by 2022, this month it has signed 13 memoranda of understanding.
France is introducing a two year post-study work residence permit for Indian graduates, during Indian Prime Minister Modi's visit. The bilateral agreement will also enable 250 French graduates to remain in India for two years working for French companies.
This year’s Indian National Budget has allocated increased funding for skills training, highlighting a need for both domestic and outside players to help plug India’s upcoming skills gap. There will also be a rollout of India’s visa-on-arrival system.
For the first time in more than two decades, the government of India is drafting a new education policy which will include reforms on the internationalisation in higher education, digitisation of education and skills development. The director of education at the British Council in India has called the country's new education policy draft topics "very encouraging".