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Indian President Pranab Mukherjee on Friday gave a speech calling for better standards and an enhanced private-sector role in higher education, Outlook India reported.

Mukherjee said that while ancient India had universities that were considered world leaders, many Indians today feel that they must leave the country to obtain the best possible higher education. He said that the country's top universities need to be able to compete in the top levels of international rankings, where their absence is the subject of much discussion in the country. "We must change the reality of our universities not figuring in the list of top universities of the world. Indian universities should aim at becoming top educational institutions in the world with global standards of research, teaching and learning," he said.

Further, he said that the country need more than its public universities. "It is important that the private sector also contributes its best to the provision of higher education in India," he said. "The private sector has played a key role in higher education in other countries across the world. Many top universities including Harvard, Yale and Stanford are the result of efforts of the private sector. There is no reason why Indian private sector cannot achieve similar results."