It appears the GoI is working on an overhaul of the higher education institutes to put them on a path to becoming world-class instiitutes. The first step was a definition of the New Education Policy in 2019 and taking off from that point was the specific measures announced in Budget 2020 with a massive allocation of INR 93k Cr for education sector. While FDI will open up and the details are being worked out, there is a lot more work to be done on other aspects.

For example, a successor to the UGC will need to be set up for the new regime. Instead of anothe education regulator, a new agency which will be more of a promoter and a reformer and less of a regulator will be defined. This is akin to the kind of systems defined and running successfully in US, UK and some other markets which have created a sustainable outcome based higher education engine model, says Mr Panagariya, Professor of Economics.

Mr. Arvind Panagariya, professor of Economics att Columbia University mentions in his upcoming book (as yet unnamed) some novel approaches how the machinery should be set up for this new regime. What are the divisions of the new agency and their roles, how should they be staffed and what are their spans of influence in decision making. These and many other details will be covered in his new book. His comments are well covered in this article he has penned in the Times of India piece, link below: https://timesofindia.indiatimes.com/blogs/toi-edit-page/higher-education-revolution-the-following-set-of-reforms-would-make-indian-universities-world-class/