Sonipat, Haryana, India: \nProfessor (Dr.) Shyam Sunder, James L. Frank Professor of Accounting,\nEconomics, and Finance, Yale School of Management, U.S.A. delivered an\ninsightful and interactive session on\n\u201cHigher Education in India\u201d bringing into focus several pressing issues facing\nhigher education in the country.<\/p>\n\n\n\n
He was speaking at the seminar organised by the\nInternational Institute for Higher Education Research and Capacity Building\n(IIHEd) at 91̽»¨.<\/p>\n\n\n\n
Professor (Dr.) C Raj Kumar Vice Chancellor O.P. Jindal\nGlobal University and Director IIHEd while delivering his welcoming remarks\nappreciated Dr. Sunder commitment to India and bringing about transformative\nchange in higher education in India.<\/p>\n\n\n\n
Professor Kumar observed “Dr. Shyam Sunder\u2019s deep and\npassionate commitment towards India and his desire to see transformative change\nin higher education in India resonates of a similar vision and passion that JGU\nand IIHEd have for changing the face of higher education in the country”.<\/p>\n\n\n\n
Speaking about the role and importance of universities today\nDr. Sunder said, “In 1950 Nehru said that dams are the new temples of\nIndia, in today\u2019s context the new age and modern universities are the new\ntemples of modern India”.<\/p>\n\n\n\n
He also stressed on the need for establishing many more such\nnew universities and said, \u201cThere aren\u2019t enough being built\u201d.<\/p>\n\n\n\n
He further noted that like there was a shortage of good\nuniversities similarly there was not enough innovation that was taking place,\n\u201cI work on education and innovation and there is not enough of innovation in\nIndia. Europe and a large part of the western world have innovation both in\nthought and material elements and a lot of it has originated from\nuniversities\u201d. India does not have enough PhD holders and is lacking behind\nChina and United States. He mentioned that the number of candidates who have\ndone PhD in China is gradually catching up with the number of candidates who\nhave done PhD in the United States.<\/p>\n\n\n\n
Prof. Sunder raised the relevant question of what was\nholding India back and went on to define\nthe factors, he said, \u201c Three factors\nthat are responsible for the lack of innovation are insufficient talent,\nfinancing and governance in universities.\u201d<\/p>\n\n\n\n
Explaining what he meant by talent he said, there is not a\nsufficiently large number of people from the top of a class that choose\nteaching as a profession. He observed that when you ask in universities how\nmany will come back and teach, there are\nvery few hands that go up and even those are laughed at. The profession of\nteaching needs to be revitalised through policy reforms as well as through the\nchange in the mindset of people of the country.<\/p>\n\n\n\n
Speaking of finance, he said, \u201cThe amount of money needed to\ndeliver quality education is very large, one above average Chinese university\nhas a budget of all the IIT\u2019s put together.\u201d This definitely calls for huge\ninvestment into higher education, not only from the government but also from\nthe private sector.<\/p>\n\n\n\n
He observed that the meaning of private in India is very\ndifferent from the world \u201cthe world over private means that they do not get\ngovernment support and in India this largely and unfortunately means for profit\nand in small portions means philanthropic initiatives\u201d.<\/p>\n\n\n\n
He spoke about the need to learn lessons from Yale, Harvard\nand MIT where only 10 -14 % of the funding comes from students and more than 40\n% comes from philanthropy that too mostly from alumni.<\/p>\n\n\n\n
Speaking on governance he said that both the prevalent\nmodels – bureaucratic model and business model cannot be applied in\nuniversities<\/p>\n\n\n\n
He further pointed out that, \u201cthe process of innovation is\nvery inconvenient and may be disruptive. You might tell some grey haired guy\nthat what you did is no longer relevant. The question is who is going to\nevaluate, the same grey haired guy.\u201d He observed that in India there is too\nmuch respect given to grey hair and too little recognition to innovation.<\/p>\n\n\n\n
Prof. Sunder concluded the session focusing on the need to\nestablish an association for the advancement of higher education where by true\nphilanthropic initiatives and innovation in higher education could be\nencouraged.<\/p>\n\n\n\n
Prof. Dr. Shyam Sunder is a world-renowned accounting\ntheorist and experimental economist. His research contributions include\nfinancial reporting, information in security markets, statistical theory of\nvaluation, and design of electronic markets.<\/p>\n\n\n\n
IIHEd is an independent research institute within JGU that\nwill be focused on pursuing research and capacity building initiatives on\ndifferent aspects of higher education in India and beyond, with the vision of\ncontributing towards institution building for nation building.<\/p>\n\n\n\n
IIHEd recently collaborated with Times Higher Education to\nhost the \u201cTimes Higher Education BRICS Emerging Economies Universities Summit\n2015\u201d on the theme: \u201cWhy Emerging Economies need World Class Universities\u201d held\nin India for the first time.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sonipat, Haryana, India: Professor (Dr.) Shyam Sunder, James L. Frank Professor of Accounting, Economics, and Finance, Yale School of Management, U.S.A. delivered an insightful and interactive session on \u201cHigher Education in India\u201d bringing into focus several pressing issues facing higher education in the country. He was speaking at the seminar Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":1090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsroom"],"_links":{"self":[{"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/posts\/1089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/comments?post=1089"}],"version-history":[{"count":1,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/posts\/1089\/revisions"}],"predecessor-version":[{"id":1091,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/posts\/1089\/revisions\/1091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/media\/1090"}],"wp:attachment":[{"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/media?parent=1089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/categories?post=1089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jgu.edu.in\/blog\/wp-json\/wp\/v2\/tags?post=1089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}