As technology leads in the delivery of solutions and emerges from the epidemic, physical and digital hybrid learning models emerge, this new routine emerges in India as a global sweet spot for affordable and quality education.
Now that the Comprehensive National Education Policy (NEP) 2020 has been formally formulated, it is in favor of key stakeholders in the sector. Everyone should call on the government, academics and entrepreneurs to come together and coordinate towards a broader strategic vision. If it spreads beyond India, it will succeed in fulfilling the objective of global equality and taking advantage of an important economic opportunity. The education sector has not only a বাজার 600 billion single market but also $ 6 trillion global economic opportunities.
Globally, the sector is in a state of turmoil that has been exacerbated by changes in pedagogy caused only by epidemics. Developing countries are forced to achieve a healthy Gross Enrollment Rate (GER) for their students, and developed countries face inflationary costs of education and reduced GER, hence the need to provide quality education. Imbalance is serious. That is why quality education is at the forefront of the UN Sustainable Development Goals.
As technology leads in the delivery of solutions and emerges from the epidemic, physical and digital hybrid learning models emerge, this new routine emerges in India as a global sweet spot for affordable and quality education. There is a possibility. Therefore, setting an ambitious goal of being among the top five net education destinations in the world for the next five years is not out of place for India’s education sector.
Each year, about 5 million students (technically defined internationally as mobile students) study outside their home country. A number that increases when global imbalances are corrected. The United States is an irresistibly preferred destination for these students, with one-fifth of the seats, but Canada, Australia, France, Germany, Russia, and more recently Japan have occupied their share over the past decade. The United Kingdom maintains a stock share next to the United States, which accounts for one-tenth of its market share.
However, it is in the ‘balance of education’ index where India needs to do better. In keeping with the number of students going out of India, only fifty thousand students are organized in return. Of these, 65 percent came from Nepal, Afghanistan, Bangladesh, Bhutan and a few African and Middle Eastern countries. Inbound remittances are unnecessary because most students come under the subsidized bilateral government system.
This ‘balance of education’ situation must be noticed by the stakeholders in the Indian education sector and India must be counted among the top five net exporters of education. The task will take a lot of hard work and a lot of steps.
This may seem inconsistent, but the education sector needs to apply to the percentage of international students in Western countries. Take part in the competition as they say. These countries are not only major student destinations, but also have a significant number of expatriates – about 500,000. There is no reason why India cannot be an attractive alternative for them.
The fact that many Western global CEOs and start-up entrepreneurs have completed higher education in India is a clear indication of the value proposition of education in India. In addition to this language, the stable and secure social, political and economic climate, historical descent, and average Indian classrooms are more diverse than anywhere else and the overall offer is more attractive. It’s all about goals and affordability. Aiming at students from western countries, India will become a new destination in other parts of the world.
Finally, an aggressive market entry approach. Authorized groups must be actively involved in the Western student market in their area. The network of mentors includes commercial, liaison agency recruiting, attending education fairs, designing mandatory prizes and scholarships, attracting Western students and giving them the opportunity to experience our best.