Education is not a business; period. However, it undeniably has its own widespread market that is continuously and consistently expanding. An array of developments is being witnessed in this sector each day and opportunities are endless. Students are getting abundant options in terms of the field they wish to excel in. Gone are the days where everything revolved around the traditional Arts, Commerce and Science streams. India has taken several steps further by having a global approach welcoming and introducing uncountable courses to ensure that the coming generations make the best careers for themselves.

Amidst all of these developments, some new education institutions have been and are being set up around the country to introduce various streams and courses. These are not only beneficial for students but for several reputed international universities that wish to collaborate.

One such institution that was set up back in 2004 but gained recognition about four years ago is FLAME (Foundation For Liberal And Management Education) school in Pune. It is the first of its kind to introduce Liberal Arts studies in India. Liberal Education is probably one of the best learning opportunities that a student could receive as they get to study a potpourri of subjects under one roof, breaking the barriers of rote learning. FLAME has several undergraduate and postgraduate courses under Liberal Arts. Among the fairly new universities, there is Ashoka University in Delhi which was founded only a year ago and is established as a Haryana private university offering various UG and PG courses along with Liberal Arts.

The Times Group has taken another initiative in the field of Education by recently inaugurating Benett University in Noida, Delhi in partnership with Babson College, USA. It is currently in the structuring process and aims to include UG and PG courses in run of the mill streams like Engineering, Management and Media sooner along with Liberal Arts later.

Founded by Macquarie University professor, David Christain and funded by Bill Gates, The Big History Project is one such example of a philanthropic education program which is being currently induced in India. It talks about the evolution process right from the big bang up till date via a multidisciplinary approach of learning. It’s currently piloted by 5 Indian institutions based out Mumbai and Pune.

India has always been in support of collaboration with international universities for its own growth in the Education sector. This is evident from the fact that its own reputed IIT universities all over are associated with some of the best universities globally. Eg: IIT Bombay has majority of partnerships with colleges in Australia and Canada. The former includes universities such as Monash, Deakin, Swinburne, The University of Queensland etc. while the latter includes Carleton, Alberta, Waterloo, Ryerson, York etc. IIT Bhubhaneshwar has associated with colleges in the U.S. i.e. The University of Texas, U.K.- University of Edinburgh and Canada- University of Western Ontario. IIT Kanpur has partnered with the Melbourne School of Engineering and IIT along with universities in Finland and Norway. IIT Kharagpur too has signed MOUs with colleges in Singapore, Korea and France. These are just a few examples of IIT institutions across India. IIMs in India have also formed collaborations with universities abroad for eg. IIM Shillong has partnered with Hamburg Media School, Germany, IIM Bangalore with Singapore Management University, University of Exeter and Richard Ivey School of Business in UK etc. IIM Kolkata has associated with the University of Leeds, U.K.

The government has decided to take the plunge of exponentially increasing the number of IITs and IIMs across the nation. In last year’s budget itself, an announcement of setting up 6 new IIMs in the states of Himachal Pradesh, Punjab,Bihar, Orissa, Maharashtra and Andhra Pradesh was made. Along with that, it was also announced that 5 new IITs in Jammu and Kashmir, Chhattisgarh, Goa, Andhra Pradesh and Kerala will be set up. In this year’s budget proposal, it has been announced that two more IIMs and one more IIT will be set up in Jammu Kashmir and Andhra Pradesh and Karnataka respectively. The Indian School of Mines in Dhanbad will also be converted into an IIT. This will take the number of IIMs to 20 and IITs to 23 in India.