This summit was inaugurated by the Minister of State for Human Resource Development Shashi Tharoor. He welcomed the growth of private sector education institutions that make up for 64% of the total institutions in India and contribute to 57% of the total enrollment.
He who spoke at the opening said "The Indian Higher Education system needed to set up credible standards. Towards this end, the Government has initiated 11 bills in the Parliament.
The survery revealed that 81% respondents pointed to a serious gap between the existing pool and the requirement of academic leaders to meet the 12th Plan requirements and a majority of 80% of respondents cited a revolutionary approach as the most critical trait of a conversational leadership in higher education.
The source inturn reports its observation details which says the following statements:
"Lack of academic leadership, guidance and training (60 per cent) and low salary (50 per cent) were the other reasons why the education sector failed to attract promising academics."
The survey conducted in early February 2013, jointly with MBAUniverse.com, received 111 responses from thought leaders, chancellors, vice-chancellors, directors, deans, principals and professors in 37 locations, such as the US, the UK, Dubai, Germany, Australia, France and Hungary.
The survey was aimed at looking at why Indian higher education institutes were unable to attract overseas Indians with "exceptional" academic background and "proven leadership" skills.
Three-fourths of the respondents cited highly bureaucratic Indian systems and a siloed approach of stakeholders as the key reason for this.