India, as a country, is recognised as the manpower provider to the world.

Yes, but as the provider of quality manpower, highly skilled manpower, the achievement to potential ratio is around 10 %.

One of the major reasons is the high cost of higher education and inadequate support system which could act as a mitigating measure. In earlier times, a lot of talented manpower could be created because of liberal scholarship schemes by the central government or long term interest free loans by the state governments. Of course, the numbers would not have been much. But the concept holds true.

To unleash the huge talent available in the country, we need to invest heavily in incentivising highly skilled education , especially for meritorious students of poor, lower middle class and middle class students, subsidising by 75%, 60%, 50%, especially for institutions who charge less than 7.5 lacs per annum as tuition fees for post graduate courses (These institutions have proved to keep costs under control). Balance amounts can be financed by banks.

We will witness a rapid surge in the number of very good students and they will be ready for the world-especially Europe, the FTA effect and also Japan and Middle East. The inflow of remittances in foreign currency will offset the cost incurred by Govt.

The long term impact in terms of morale and confidence all around will be huge.