Although India boasts of Universities, none of them ranks in the first 200 in the world according to surveys conducted by TIME(2017). The President and the Prime Minister of India have both lamented the situation. The primary reason for this is the absence of the right combination of research and teaching in the Indian institutions. The Ministry of Human Resources Development (MHRD) has initiated the process of setting up world class Universities in public as well as private sectors where the emphasis will be on quality of education. The AAF was ignited by this vision a decade ago and has been relentlessly working towards this goal.
The following provides a rationale for the establishment of Vedanta University:
- The Gross Enrolment Ratio (GER) for India now stands at 21 for Higher Education. The Government of India has set a target to take it to 30. This requires the addition of a large number of institutions of world standards.
- India adds more than 10 million people to the job market every year. By 2020, it is expected that more than 2 million college-educated Indians will be looking to enter the job force annually. To meet the human resource demands of economic growth, the country will require development of new areas of employment as well as institutions like Vedanta University to train them at a significant scale.
- The global economy requires a knowledge base that cuts across functional disciplines. Vedanta University will be built on a multi-disciplinary academic foundation.
- There do not exist adequate training and research centers in the country in critical areas of science, trade, governance, and service (e.g. nano sciences, genomics, public health, city and urban planning, education etc.) Vedanta University will develop centers-of-excellence to meet this demand for talent in essential disciplines.
- Undergraduate education should lead to general excellence, provide employable skills, broad perspectives, and life changing experiences. Less than 30% of students in India pursue advanced degrees. The undergraduate program will be one of Vedanta University's unique contributions.
- Newer industries and trade require a knowledge base that cuts across functional disciplines, something not widely available in the country today. Vedanta University will make multi-disciplinary education integral to the institution.
- The Indian tertiary education system has few exemplary institutions to set standards for learning and excellence. Vedanta University will set a globally-relevant benchmark for higher education and elevate standards for such institutions across the country.