The University Grants Commission (UGC) top official said that higher education system in India is facing a big challenge like providing more financial and other resources by the government (central and state) and private organizations. According to the news of Hindu Businessline, UGC Chairman DP Singh said, “As a top education body, we want that there should be atleast sufficient funds available for higher education and research. India spends 0.6-0.7 percent of its total GDP on research and development, which is much less compared to the US (2.8 percent), China (2.1 percent), Israel (4.3 percent) and Korea (4.2 percent).
Mr. Singh said that higher education institutions need to re-evaluate their courses and assess employment opportunities available in the next five years.
“Those courses which give more employment to students should be included,” said added. He said that international ranking universities in India, most of them are government institutions. There is hardly any private university which finds place in this category. ‘
He further said, “Now the conditions are changing and the private institutions are trying to make their place at the international level. That’s because global ranking companies prefer multi-institutional institutions, and most of them are stream-based, like technical and medical universities in India. ‘
On the initiative taken by the UGC to improve the quality of education, Singh said, “The autonomous bodies have been given to CGPA institutions of 3.5 and above.” He said that 20 universities are being selected for the status of Institute of Eminence (IOE) for Indian Universities to meet global standards. So far, six universities have been selected for this.