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Demographically, over 65% of the Indian population is under the age of 35, making it one of the youngest countries in the world, an enormous asset for its growth and progress. It stands to utilise the youth bulge to propel its global standing as a productive and energetic nation, provided it gives them the necessary skills, training and education.
The recently launched report by Peter Varghese, “An India Economic Strategy to 2035” has identified India’s education sector as the top sector for investment and engagement. The report says that by 2022 India will have over 400 million tertiary ready youth, a sector in which both sides should establish research and development cooperation for mutual benefits.
According to India’s University Grants Commission there are currently 819 universities which comprises of 47 central universities, 367 state universities, 123 deemed universities and 282 private universities, but according to a 2006 report of India’s Knowledge Commission, the country requires 1500 universities, to cater to 15 percent enrolment rate annually in the higher education.
As the second largest source of Indian students in Australia, there are year-to-date (YTD, March 2016 data) 51809 full-fee paying Indian students in Australia, including 32336 enrolled in higher education, 16944 in vocation education and training (VET), 2159 in English Language Intensive Courses for Overseas Students (ELICOS), 193 in other non-award courses and 177 in schools.