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oadband line the same way it has access<br />

to electricity within the next five years.<br />

Higher Education Reform<br />

India has systematically underinvested in<br />

tertiary education in the last four decades.<br />

The challenges of improving higher<br />

education can do with a chapter all of<br />

its own. But it is critical for SDG targets<br />

4.3 and 4.4. The rising enrolment rates in<br />

middle and secondary schooling will hit<br />

a wall if we do not have adequate supply<br />

capacity to absorb students. Moreover,<br />

industry and research will suffer if the<br />

country is not preparing scientists, thinkers,<br />

researchers and professionals.<br />

There are three important structural<br />

issues to confront immediately. First, as<br />

a matter of urgent principle, it makes no<br />

sense for higher education to be as heavily<br />

regulated as it is. The “license raj” mandate<br />

of the University Grants Commission<br />

should be reduced and restricted to public<br />

funded or aided universities only. Private<br />

universities should be allowed to establish<br />

independent and diverse governance<br />

structures without requiring legislative<br />

permission. Accreditation can be enabled<br />

within a predefined period, based on public<br />

declaration of transparent and measurable<br />

compliance with independently set academic<br />

standards. Second, endowment-based,<br />

low-fee models for private universities<br />

should be encouraged to maximise access<br />

for students. India has the third highest<br />

number of billionaires in the world, a<br />

fact not reflected in private philanthropy<br />

to higher education, largely because of<br />

a legal structure that discourages clean,<br />

transparent giving. Third, the government’s<br />

primary role in higher education should<br />

be to create a robust environment to<br />

encourage research and innovation so that<br />

a pipeline of research grants is available to<br />

encourage basic and applied research; and<br />

to support the emergence of innovation<br />

hubs and partnerships with the business<br />

community so that entrepreneurship, skills<br />

and employment opportunities are created<br />

in consultation between academia and<br />

industry.<br />

Financing Framework<br />

of GDP on education. While detailed cost<br />

estimates are not available, it is likely that<br />

an expansion of K12 education, tertiary<br />

education and a significant investment in<br />

quality, all at the same time, will require<br />

spending 5.5% of GDP, which is in line<br />

with international norms on education<br />

spending. 18 The numbers will inevitably<br />

depend on efficiency. Private schools often<br />

manage to provide comparable quality<br />

at a third of the costs of public schools,<br />

for example. The structure of cost-sharing<br />

between the Centre and states, and the<br />

role of centrally sponsored schemes will<br />

determine the overall fiscal burden. It is<br />

critical to note that spending effectively for<br />

a high-quality education is a smart public<br />

investment, and very often, this spending has<br />

to cross a certain threshold to be effective. 19<br />

But costs can be moderated without<br />

compromising on results—as examples of<br />

countries like Sri Lanka, Thailand and South<br />

Korea show, all of which invested heavily in<br />

education with limited resources.<br />

The Indian government has<br />

taken several steps to improve<br />

education in the past 15<br />

years, and results show in<br />

the expansion of enrolments<br />

across levels of education. The mandate of<br />

the SDGs is infinitely more ambitious, but<br />

good for India’s long-term development<br />

trajectory. The question is one of time. Our<br />

demographic structure does not allow us the<br />

luxury to wait or to continue on the path<br />

that we have been on.<br />

To take advantage of the youth bulge, India<br />

will need to take on the challenges of quality<br />

and access on a war footing. The next<br />

decade will be critical. If targeted, strategic<br />

actions are taken now, their impact will<br />

create a force multiplier that will make other<br />

programmes, like Skill India and Make In<br />

India, a success. Such an effort will need<br />

political consensus across parties, states<br />

and levels of government. A Decade-Long<br />

Mission for Education with a laser-like<br />

vision on improving quality and access will<br />

yield rich dividends as we build a society<br />

with greater prosperity, a sustainable future,<br />

decent work and an improved quality of<br />

civic life and public discourse. Our children<br />

deserve no less.<br />

Finally, achieving SDG 4 will cost money.<br />

India currently spends approximately 4.3%<br />

40

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