Here's why those opposing entry of foreign universities in India are wrong

The idea of importing foreign universities is the same as importing anything else. It is meant to improve supply

Some people are very annoyed with the University Grants Commission's (UGC) proposal to allow foreign universities into India on what appear to them as very advantageous terms.

These people are dead wrong because when you come down to it, universities sell something people want badly, namely, education. Students buy this with their parents' money, bank loans, or both.

That's the nature of the game, and it depends for success on a single requirement: monopolistic competition because then some suppliers can say they are better than others.

In this kind of competition, there are only a few sellers. This market structure is created by