Friday, April 07, 2006

European Institute of Technology

The European Union is planning to start a European Institue of Technology to compete with its US rival,the prestigious MIT.It is supposed to attract the best minds of today from all over the world .They fear that the US Universities are head and shoulders above their European rivals and emerging economic powerhouses like CHINA and INDIA are fast improving their Research and Development capabilities.China is likely to surpass the US in the number of doctoral degrees awarded and India is also producing more doctorates than ever before.On top of this China has plans of evolving their top universities to compete with MIT in about two decades or so.As always India seems to be "missing the bus".It will be quite some time before IISc or IITs reach the quality and prestige of MIT or UC Berkeley.(It has a lot to do with the funding I believe).

Research,Development and Innovation are very important for any country's progress.Unless India does something to improve its higher education and research capabilities ,the "brain drain " of its best minds will continue.India will be spending crores of rupees to educate some brilliant young minds who "just leave".

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