The final draft of the 12th five-year Plan has been reported to favour permitting higher education institutions to be run for profit. Even though the proposal appears to have run into opposition from the human resource development ministry, it will be a game-changer if implemented. There's no denying that higher education in the country leaves a lot to be desired. The not-for-profit model has not only failed to produce quality institutes of learning - as exemplified by the inability of a single Indian varsity to make it to the list of top 100 universities in global rankings - it has also proved unsuccessful in bridging the huge demand-supply gap in higher education.
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