On March 6, 2026, Union Minister of Commerce and Industry Piyush Goyal delivered a compelling address at the Vice Chancellors’ Conclave hosted by the Indian Institute of Foreign Trade in New Delhi. Speaking on the theme “Reimagining Internationalisation of Higher Education for Viksit Bharat 2047,” he issued a clarion call for a complete overhaul of India’s higher education landscape. Goyal emphasized the urgent need to elevate Indian universities and colleges to match global benchmarks, positioning the country as a premier destination for learners worldwide. This vision aligns seamlessly with the transformative ambitions of the National Education Policy 2020, which has laid the groundwork for international collaborations, dual-degree programs, and the influx of foreign campuses.

Goyal highlighted that India, contributing nearly 20 percent to global economic growth, must leverage its higher education system as an export service. By modernizing curricula, retraining faculty, and integrating cutting-edge technologies like artificial intelligence and quantum computing, Indian institutions can reverse the current trend where 28 Indian students study abroad for every one foreign student hosted domestically. His ambitious target: attracting 1.3 million international students, fostering mutual understanding between developed and developing economies.

🌐 The Current Landscape of Higher Education in India

India boasts one of the world’s largest higher education systems, enrolling over 43 million students across more than 70,000 institutions, including prestigious Indian Institutes of Technology and Indian Institutes of Management. The Gross Enrolment Ratio (GER) has climbed to approximately 28.4 percent as of recent estimates, up from 24.5 percent in 2018, reflecting steady expansion. However, challenges persist. Foreign student numbers hover around 47,000 annually, predominantly from neighboring countries like Nepal and Bangladesh, representing just 0.1 percent of total enrolment.

Global rankings underscore the gap: In the QS World University Rankings 2026, IIT Delhi secured 123rd place globally—the highest for an Indian institution—followed by IIT Bombay at 129th. While progress is evident with 54 Indian universities featured, none crack the top 100, highlighting needs in research output, international faculty, and employer reputation. The National Institutional Ranking Framework (NIRF) 2026 paints a brighter domestic picture, with IIT Madras retaining the top spot overall.

NEP 2020: The Architectural Blueprint for Reform

The National Education Policy 2020 (NEP 2020), formulated after incorporating nearly three lakh stakeholder inputs, stands as a game-changer. For higher education, it promotes multidisciplinary institutions, flexible curricula, and a target GER of 50 percent by 2035. Key implementations by 2026 include the establishment of over 100 multidisciplinary universities, credit banking via the Academic Bank of Credits (ABC), and accelerated accreditation through the National Assessment and Accreditation Council (NAAC).

Internationalization features prominently: Foreign Higher Education Institutions (FHEIs) can now set up campuses, enabling twinning, joint, and dual degrees. Programs like Study in India (SII) 2.0 aim for 200,000 inbound students via scholarships and exchanges. By April 2026, progress includes 14,163 accreditation applications from 7,692 institutions, signaling widespread adoption.

Internationalization: Bridging the Global Gap

Goyal’s push resonates with NITI Aayog’s 2025 report on Internationalisation of Higher Education, which charts a roadmap to 2047. Currently, outbound mobility dominates with 1.3 million Indian students abroad in 2024, costing billions in forex outflows. Inbound efforts like the Indian Council for Cultural Relations (ICCR) scholarships support 7,000 students from 190 countries, but scale-up is needed.

GIFT City in Gujarat exemplifies success: Deakin University (Australia) and the University of Wollongong have operational campuses, with Deakin celebrating its first graduates in March 2026. More FHEIs, including from the UK, are slated for Gurugram and Mumbai. These hubs offer degrees 60 percent cheaper than abroad, blending global pedagogy with Indian context. For deeper insights, the full NITI Aayog report outlines 22 policy recommendations and 76 action points.

Attracting Students from Developed Nations

A radical shift proposed by Goyal: Invite high-paying students from the US, Europe, and Australia via hybrid models—one year in India, two abroad. This exposes them to India’s growth story, reversing the 1:28 inbound-outbound ratio. Incentives like streamlined visas, tax moratoriums for faculty, and flagship scholarships (Vishwa Bandhu) are pivotal.

Projections: Inbound could reach 3-7.89 lakh by 2047 at 1 percent intensity. Institutions like Sharda University already host 7,000 from 95 countries, proving feasibility.

Modernizing Curricula with Emerging Technologies

Outdated syllabi won’t suffice for Viksit Bharat. Goyal urged embedding AI, quantum computing, machine learning, and international trade. IITs lead: IIT Delhi ranks in QS top 50 for five subjects, including engineering. IIM Ahmedabad entered global top 25 for humanities.

Step-by-step integration: (1) Revise curricula annually; (2) Partner with industry for real-world projects; (3) Launch MOOCs on SWAYAM; (4) Foster interdisciplinary programs. Examples: IIT Madras Zanzibar campus focuses on AI and sustainability.

• Benefits: Enhanced employability, research output.
• Risks: Digital divide in rural colleges.

Faculty Development Amid Shortages

A stark challenge: Over 30 percent faculty vacancies in state universities, exacerbated by expansion. Goyal stressed retraining via programs like GIAN and VAJRA, attracting global talent. By 2026, 250 faculty exchanges annually targeted.

Solutions: Raise salaries per UGC scales (professor entry ~₹1.44 lakh/month), incentives for PhDs, and alumni endowments (IIT Delhi aims ₹10,000 crore by 2029). Despite shortages, NIRF toppers like IIT Kanpur thrive.

Case Studies: Leading the Charge

IITs and IIMs shine: QS 2026 saw IIT Bombay rise 27 spots. Foreign tie-ups: IIT Delhi-Abu Dhabi, IIT Madras-Dubai. Private players like BITS Pilani offer $500k alumni scholarships. Rosatom-IIT Bombay nuclear training initiative builds specialized workforce.

Regional highlights: Bihar’s 213 new colleges by July 2026 under Saat Nishchay 3; J&K private universities bill approved.

Economic Implications: Education as an Export Powerhouse

Positioning education in FTAs (nine signed, covering 66 percent global trade), Goyal envisions billions in exports. GIFT City’s SEZ status attracts FHEIs, creating jobs. For students, global exposure boosts careers; platforms like AcademicJobs.com link to /higher-ed-jobs.

Roadmap to 2047: Challenges and Opportunities

Obstacles: Faculty crunch, accreditation delays, urban infrastructure. Solutions: Unified regulatory framework, PPPs, AI governance. Outlook: 60 percent GER by 2047, India as top-three economy via skilled talent.

Stakeholders—V-Cs like JNU’s Prof. Santishree—echo Goyal: Academia-industry-government synergy key.

Photo by Raghavendra V. Konkathi on Unsplash

Actionable Insights for Students and Educators

Students: Pursue dual degrees, upskill in AI via IIT courses. Educators: Engage in SPARC for global exposure. Institutions: Benchmark QS/NIRF, build IROs. India’s ascent promises rewarding careers in a transformed sector.