India's New Education Policy 2020
New Education Policy recently published in India allowed foreign universities to open their campuses in India. Would this policy enhance cooperation with foreign universities and increase the standards of education and help in developing a higher education hub in India . New Education Policy 2020 allowing foreign universities to set up their campuses in India, it may change the dynamics of higher education in India. It would save significant amounts of Indian foreign exchange and, over time, also become a source of foreign exchange earnings if overseas students choose to study in India. Recent data Ministry of External Affairs (MEA) estimates that 10.9 million Indian students are studying in foreign universities. MEA also estimated that the average 200,000 to 300,000 fresh students go abroad every year. India is the second-largest source of overseas students in the world after China. Indian students spend between $7 billion and $12 billion a year on tuition, boarding, lodging, trave