Gross enrolment ratio in higher education in the country would touch 50 per cent by 2030 from the present 17 per cent with the emergence of a "robust" education system by then, according to a new report.
Released today, the FICCI-EY report said the country will emerge as a single largest provider of global talent, with one in four graduates in the world being a product of the higher education system.
It also said India will be among the top five countries in the world in terms of research output with an annual R&D spending of USD 140 billion.
It also stated that India will have more than 20 universities among the global top 200 as its higher education system will emerge as a "role model by 2030 for high quality affordable educational system and will become a global magnet of aspiring learners".
The report, however, suggested crucial interventions like easing faculty recruitment norms, implementing tenure based and rewards-based systems to retain quality faculty, promoting teaching as an attractive profession, and incentivising and facilitating faculty development and exchange programs.
It also called for incentivising high-quality private and foreign participation in higher education and widening access through virtual classrooms and massive online open courses.
The report sought strengthening industry academia linkages and collaborating with skill-based training providers and attracting and incentivising best-in-class faculty to conduct research, adopting various models to develop research capabilities in institutions in India.
