Indian higher education may find capital at home rather than in FDI

The data shows that much capital can be tapped domestically through alumni and corporate endowments

The Union education ministry is seeking foreign capital to improve the quality of Indian universities as part of its goal under the National Education Policy 2020, but is it missing a trick when it comes to raising capital at home?

Apart from hoping that collaboration with foreign universities will improve the standards of higher education, India would like foreign capital for infrastructure and research laboratories. 

But the data shows that India has been successful in tapping corporate endowments and alumni networks to raise domestic capital. In the period from 2017-18 to 2020-21, some of the IITs saw a record rise in alumni