Mumbai: India needs to invest in higher education

Mumbai: India will significantly lag behind other nations like China and South Korea if financial investment in higher education is not increased substantially. The private sector has a parallel responsibility alongside the Indian government to transform the Indian education sector. Philanthropic entrepreneurship must create equitable access to education for social and economic growth.

"Two decades ago, India and Chinese educational institutions were at par when compared to their western counterparts," said Founding Vice Chancellor of O.P. Jindal Global University, Prof. C. Raj Kumar in Mumbai on Friday. "Today China is one of the leading education miracles and has several universities featuring in world rankings. This has been achieved through sound policies, consistent financial commitment and international partnerships and they have made China a world reckoner in higher education," he said.