Higher education in India is out of breath at a time when India is intended to be a major player in the emerging knowledge economy. With nearly 300 colleges and universities considered, over 15,000 colleges and hundreds of national offices and regional research and indigenous higher education research sector is the third largest in the world in terms of the number of students it caters to.

However, not a single Indian university finds even a mention in a recent international ranking of the 200 best universities in the world, except for one IIT Kharagpur ranked 41, while there were three universities each from China, Hong Kong and Korea South and one in Taiwan. On the other hand, it is also true that no company or institution in the world that has not benefited by graduates, post graduates or doctorates in India is NASA, IBM, Microsoft, Intel, Bell, the Sun, Harvard University, MIT, Caltech, Cambridge or Oxford, and not all students are products of our IITs, IIMs, IISc / TIFR or central universities, serving nearly one percent of the student population of India.

This does not mean that we should cherish the back of the accomplishments of our students abroad, but noted that India's higher education institutions have not been able to achieve the same status for themselves and their students seem to get elsewhere with their education here. While many reasons can be cited for this situation, they all boil down to decades of feudal administered colonial institutions modeled run with inadequate funding and excessive political interference.

Only about 10 percent of the total population of students entering higher education in India, compared to over 15 percent in China and 50 percent in major industrialized countries. Higher education is largely funded by state and central governments, so far, but the situation is changing rapidly. Barring a few newly established private universities, government funds most of the universities, while at the university level, the balance is increasingly being invested.

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