May 10, 2019 no comment kartik
The head of India’s top policy-making body has sounded a warning that the number of international students from the Asian country would soon start to dry up as India carries out education reforms.
India is currently the second biggest source of business for Australia’s $30 billion international education industry. But the number of Indian students in Australia could begin to dissipate in the next few years, says the head of India’s National Institute of Transforming India.
“The present relationship of only sending students to Australia is not a sustainable one. Australia needs to look at this in a very creative and innovative manner,” Mr Kant said.
“The supply of students to Australia will come down in due course. In the next three to five years Indian universities and colleges will become better and better. And this market of vast numbers of Indian students coming to Australia will taper down,” The Australia Financial Review quoted him as saying.
Amitabh Kant, the chief executive of NITI Aayog- the premier policy-making body, who was in Canberra last week, said India is working on raising the standard of education and deregulating universities, allowing them to function without government intervention, with the aim of transforming them into world-class universities.
He said India will in due course start training its own graduates and pitched for Australia’s partnership in India’s higher education sector.
“It’s important for Australian universities at this stage to collaborate with India’s universities to do joint courses and build up alternative business models,” he said.
There are currently over 72,000 Indian students enrolled in various courses in Australia, second only to China’s over 150,000.
He said it the Australian universities should go for joint courses and degrees and take a stake in Indian campuses. He said Australian universities can expect a good return.
”I don’t think that any Australian university is in India for charity. Nobody will invest in India without a rate of return.’
“People who come to India to collaborate will strike a business partnership. It is not feasible for businesses to come to India without getting a return. But that’s possible given growth is around 7.5 per cent and the long-term growth objective is 9 to 10 per cent within three years,” he said.