India, one of the oldest civilisations, has the world’s youngest population. And investing in quality education is the need of the hour to turn them into assets. The middle class in India spends almost 15-20 per cent of its income on education. With education loans easily available, students are increasingly opting for foreign education. The Indian government too is setting ambitious targets for enhancing the quality of education to make it on a par with international institutes.
Business management is one of the most preferred career options attracting students from across the social strata. Several B-schools in India have been successful in shaping young minds, yet the brain drain to foreign destinations remains a challenge. Factors such as quality faculty, innovative teaching methods, international exposure, diverse options and better lifestyle lure Indian students to go abroad and earn a foreign degree. To retain the talent base, Indian government has proposed reforms to allow foreign universities to offer degrees in India. Even the IITs have petitioned the HRD ministry to allow them to hire foreign faculty to help fill the estimated 40 per cent shortfall in qualified professors needed to achieve the ambitious growth target.
Excellent campus placements and partnership of the public and private sectors gearing up to provide exciting career opportunities to students is a hope for many to stay back. Moreover, the possibility of foreign players establishing their base in the country, which also projects considerable employment opportunities coming up next in the line cannot be overruled. The big ticket to leading business schools abroad is a dream for many young aspirants, but with the advancements and developments, India is also aiming to provide better platform and exposure to the youth.
“I am a medical aspirant. However, given a chance, I would like to study at the Harvard Business School, which according to me provides world-class business education.” Devyani Verma
Bal Bharati School, Pitampura, New Delhi
“I wish to pursue higher education abroad, ideally in the USA. One of the foremost and prestigious institutes where I would like to see myself enrolled in is the Harvard Business School.”
Yamir Tainwala
La Martiniere (for boys), Calcutta
“I aspire to go to the Indian Institute of Management (IIM) as I feel they providethe best of education and industry exposure to talented students who look forward to make a difference.”
Shubham Das
Tagore International , East of Kailash, New Delhi
