Educational Insurance Policies and Benefits in India

There are various types of insurance policies available in India, some of which are mandatory while others are optional. Here are some of the types of insurance in India:

1. Life insurance: Life insurance policies provide financial protection to the policyholder's family in case of their unfortunate demise. Life insurance, term insurance, and endowment policies are different types of life insurance policies currently being offered in India.
2. Health insurance: Health insurance policies provide coverage for medical expenses incurred either due to illnesses or accidents. They can be individual policies, family floater policies, or group policies.
3. Motor insurance: Motor insurance is mandatory in India as per the Motor Vehicles Act. It provides coverage against damages or losses caused to a vehicle due to accidents, theft, fire, or natural calamities. Third-party liability insurance and comprehensive insurance are two types on insurance policies currently being endorsed in India.
4. Personal accident insurance: Personal accident insurance provides coverage for accidental death, permanent disability, or temporary disability due to an accident.
5. Travel insurance: Travel insurance policies provide coverage against unforeseen events such as medical emergencies, trip cancellation, loss of baggage, etc. They can be individual policies or group policies.
6. Crop insurance: Crop insurance policies provide coverage for losses incurred by farmers due to natural calamities, pests, diseases, or other factors affecting crop yields.
7. Home insurance: Home insurance policies provide coverage for damages or losses to a house and its contents due to fire, natural calamities, theft, or other risks.
8. Business insurance: Business insurance policies provide coverage for various risks faced by businesses, such as property damage, liability, business interruption, etc.

Types of Education Insurances Policies India

In India, several types of education-based insurance policies are available to help parents financially plan for their children's future education. Here are some of the popular education insurance policies in India:

1. Unit-linked insurance plan (ULIP): A ULIP is a market-linked insurance policy that offers the potential for high returns on investment. It allows policyholders to invest in equity or debt funds, and the policy returns are based on the performance of these funds.
2. Child Education Plan: This is a type of life insurance policy that helps parents save for their child's education. The policy provides a lump sum amount at the end of the policy term, which can be used for the child's education expenses.
3. Scholarship plans: Some insurance companies offer scholarship plans that provide financial support to children for their education. These plans offer regular payouts at specific intervals during the policy term.
4. Savings plan: A savings plan is a traditional insurance policy that provides a guaranteed return on investment. It helps parents save for their child's education expenses over a period of time.
5. An Endowment Plan is a type of life insurance policy that provides both life insurance coverage and savings. The policyholder receives a lump sum amount at the end of the policy term, which can be used for the child's education expenses.

It is important to compare different education insurance policies and understand their features, benefits, and costs before choosing one that best suits your financial goals and needs.

Benefits of Buying an Education Insurance Policy in India

Education insurance policies provide several benefits, including:

1. Financial security: Education insurance policies provide financial security to parents by helping them save for their children's future education expenses. In case of an unfortunate event, such as the policyholder's demise, the policy benefits can be used to fund the child's education.
2. Guaranteed returns: Some education insurance policies offer guaranteed returns on investment. This provides a risk-free investment option to save for their children's education.
3. Flexibility: Education insurance policies offer flexibility in terms of premium payment and policy term. Policyholders can choose the premium payment frequency and policy term as per their convenience.
4. Tax benefits: Education insurance policies are covered under Section 80C of the Indian Income Tax Act currently being used in India. The premium paid towards the policy is eligible for tax deduction up to a certain limit.
5. Scholarship opportunities: Some education insurance policies offer scholarship opportunities to policyholders' children. These scholarships can help cover a portion of the child's education expenses.
6. Encourages long-term savings: Education insurance policies encourage long-term savings for the child's education. This helps parents plan for their child's education well in advance and ensures that they have sufficient funds when the time comes.
7. Inflation protection: Education insurance policies offer inflation protection by providing benefits that are adjusted for inflation. This ensures that the policy benefits are sufficient to cover the child's education expenses, even if there is a rise in the cost of education over time.

Overall, education insurance policies provide a reliable and convenient way for parents to save for their children's education and secure their future.

Cost of Education Insurance Policy in India

The cost of education insurance policy depends on several factors such as the type of policy, sum assured, policy term, age of the policyholder, and the child's age. Here are some estimated costs of different education insurance policies in India based on the information available in the public domain:

1. Child Education Plan: The premium for a child education plan can range from Rs. 10,000 to Rs. 50,000 per year, depending on the sum assured, policy term, and the child's age.
2. Unit-linked insurance plan (ULIP): The premium for a ULIP policy can range from Rs. 20,000 to Rs. 1 lakh per year, depending on the sum assured, policy term, and the investment fund chosen.
3. Endowment plan: The premium for an endowment plan can range from Rs. 5,000 to Rs. 50,000 per year, depending on the sum assured, policy term, and the child's age.
4. Savings plan: The premium for a savings plan can range from Rs. 5,000 to Rs. 50,000 per year, depending on the sum assured, policy term, and the child's age.

Caution When buying Education Policy

It is important to compare different education insurance policies and their costs before choosing one that suits your financial goals and needs. It is also advisable to consider the policy features, benefits, and the insurer's reputation while making a decision.

There is no specific data available on the number of people who have benefited from education student policies in India. However, education insurance policies have become increasingly popular in recent years, as more and more parents realize the importance of financial planning for their children's education.

Furthermore, education insurance policies have encouraged long-term savings and have helped reduce the financial burden of education expenses on families. While the exact number of beneficiaries may not be available, education insurance policies have undoubtedly played a crucial role in helping many families plan for their children's education and achieve their financial goals.

Choosing one for your Child: The Education Insurance Policy

Choosing the best education insurance policy in India depends on individual financial goals, budget, and other requirements. Here are some of the popular education insurance policies in India that you can consider:

• LIC New Children's Money Back Plan: This policy offers guaranteed returns and regular payouts to parents, helping them save for their child's education.
• HDFC Life Young Star Udaan: This policy provides a lump sum payout on the child's 18th, 19th, and 20th birthday to help fund their education.
• SBI Life Smart Champ Insurance Plan: This policy offers regular payouts and a lump sum payment at maturity to fund the child's education.
• ICICI-Pru SmartKid Solution: This policy provides guaranteed returns and payouts to fund the child's education at different stages of life.
• Max Life Shiksha Plus Super: This policy provides comprehensive coverage, tax benefits, and flexible premium payment options to parents for their child's education.

It is recommended to compare the features, benefits, and premium rates of different education insurance policies before selecting the one that suits your financial goals and needs. Additionally, it is advisable to check the insurer's reputation, claim settlement ratio, and customer reviews before making a decision.

Educational Insurance Policies and Benefits in India

Education in Economic Survey 2022-23

 Education in Economic Survey 2022-23
(ES 2022-23)

Following the practice of presenting the economic status of the Country, the Finance Minister, Ms. Nirmala Sitharaman, tabled the Economic Survey 2022-23 in the Parliament of India on 31^st January 2023, following which she will present the Union Budget 2023-24 on 1st February 2023.

Like the previous Economic Surveys, emphasis has been laid down on Social Sector, including the Education Sector, which is in the limelight because of the recommendations of the New Education Policy (NEP) 2020; many recommendations of NEP 2020 are in the process of the implementation though the ongoing programs of the Government of India, such as Samagra Shiksha Abhiyan Scheme/Abhiyan which the Department of School Education and Literacy of the Ministry of Education is implementing.

One of the significant recommendations of NEP 2020 is to explore the possibility of having expenditure on education 6 percent of the GDP, which has been recommended by many Committees and Commissions in the past but still to see around 6 percent of the Gross Domestic Product. The Economic Survey presented details of expenditure on Social Services expenditure during the period 2015-16 to 2020-21 on an Actual Basis and also for the period 2021-22 (Revised Estimates) and 2022-23(Budgeted Estimates). Education and Health Sectors are important Social Sector Services, details of which are presented in the ES 2022-23.

Expenditure on Social Services is also presented as a percentage of GDP which reveals that India is still far away from an expenditure of 6 percent of GDP on the Education Sector. In fact, the entire social sector has 8.3 percent expenditure of GDP in 2022-23 (Budgeted), to which the share of education is 2,9 percent, and that of the Health Sector, 2.1 percent.

Can we expect a boost to the education sector in the Annual Budget of 2023-24, which will be presented on 1^st February 2023 in Parliament? With General Election approaching fast in 2024, chances of a significant increase in the education sector as it seems is bleak.

If we see the percentage of the Social Services Sector to GDP, the same has increased from 6.6 percent in 2015-16 to 7.5 percent in 2020-21 and to 8.2 percent in 2021-22 (Revised Estimates) and further to 8.2 percent in 2022-23 (Budgeted Estimates). But no change is observed in the expenditure on education to GDP, which remained stagnant during the period 2015-16 to 2022-23 and hovering around 2.8 percent, far below the envisaged 6 percent. In 2022-23, on budgeted estimates, education was only 2.9 percent of the GDP.

The only satisfactory point is that within the Social Services Sector, education used to get the lion’s shares; its contribution was 9.5 percent of the total expenditure, 26.6 percent of expenditure on the social services sector in 2022-23.

It may, however, be recalled that the share of expenditure on education has declined from a high of 10.4 percent in 2015-16 to the present 9.5 percent. But in absolute terms, expenditure on education increased from 3,91,881  crores in 2015-16 to 7,57,138 Crores (Budgeted), thus showing an increase of 3,65,257 crores in absolute terms and 93.21 in percentage terms. However, it would be of interest to see actual expenditure on education in 2022-23 (not budgeted) when the same will be placed on the table of the Parliament as part of the Union Budget 2023-24; there used be a gap between the two  in the past.

The Economic Survey (ES 2022-23) presented detailed in terms of the number of Educational Institutions: Both Schools and Higher Education Institutions which is based on UDISEPlus (2021-22) and AISHE (2020-21), both of which are the latest but outdated. Even information on school and higher education are not of the same years. In addition, ES 2022-23 also presented Literacy Rates during the period 1951 to 2011.

Economic Survey 2022-23

Continue reading......

Do we have or not have Child Labour ?

 

Arun C Mehta 

Formerly Professor & Head of the EMIS Department 

NIEPA, New Delhi 

 Background

It is come known that the Government has recently informed the Parliamentary Standing Committee (PAC) that it has no data on Child Labour in the Country. We may or may not have data on child labour but definitely, we do have child labour across the Country which can be seen in most of the metros and large cities selling Chinese products in the busy crossing throughout the day irrespective of weather whether it is cold, summer or rainy season. 

But it is a different matter that with the changing weather and festivals and from Republic to Independence Day, the items these children selling used to change and after a gap of few days, usually they come out with new products. So it does not matter whether we have data on child labour or not but yes we do have child labour workers across the country which was well reflected in the 2011 Census. Take your vehicle and move on to any highway along with the roadside Dhaba you would observe that helper Chhotu (child helper) serves in each of the eating jaunts, mopping tables, serving food and cleaning the used utensils. 

Hope you too have observed this not far from your residence in your neighbourhood that the child is working in most of the auto repairing shops which are routine and has become part of our day-to-day life. Even in sabzi-mandis, Chhotus can be seen carrying a vegetable basket on their head full of goods weight of which is often more than he could manage. Even, school-age children can be seen performing their art to earn money on most of the road crossings which is more true for metros. Dishearten to know that many of the street children do live under the flyovers and near underpasses a few of whom are told to have been born there only. 

 

With all these activities one gets the impression that yes, we do not have formal data on child workers but it has been observed that we do have child workers around us. These children are termed as having never been to school or dropped out or out-of-school children. But such children whether or not considered child workers/labours? For this purpose let us have a glance at the accepted definition of a child worker/labour/working children. 

 

As per the International Labour organisation, “The term “child labour” is often defined as work that deprives children of their childhood, their potential and their dignity, and that is harmful to physical and mental development”. Further, it refers to work that: – “is mentally, physically, socially or morally dangerous and harmful to children; and/or – interferes with a child’s ability to attend and participate in school fully by obliging them to leave school prematurely, or requiring them to attempt to combine school attendance with excessively long and heavy work.” Are the children selling or begging on roads and other locations terms as child workers? As per ILO definition, the answer is certainly yes. 

 Apart from the Census of India managed by the Office of the Registrar General of India which collects and disseminates extensive data both all-India and state-specific on child workers once a decade, the Child Labour Project which was being managed by the V. V. Giri National Labour Institute under the Ministry of Labour used to collect extensive data on child labour once in a year but the same was discontinued at the time of launching one of the mega centrally sponsored programmes of the Department of School Education and Literacy of the Ministry of Education, namely the Samagra Shiksha Abhiyan in 2018 but hardly any attempt is visible to made on data collection on child worker. 

As a Centrally Sponsored Scheme, the NCLP was initiated in 1988 initially in 12 districts of the Country having a large number of working children to rehabilitate them and the project could reach as high as 271 such projects by the 11th Five Year Plan. During the 10th FYP, as many as 150 NCLPs were sanctioned which is incidentally the highest number since its inception in the year 1988. The NCLPs was entirely funded by the Government of India through the Ministry of Labour & Employment and like other Centrally Sponsored Schemes, such as Sarva Shiksha Abhiyan were released to the State Implementation Society. 

The aim was to identify children in the age group of 5-8 years working in hazardous occupations and to mainstream them to the formal educational system through SSA and of 9 to 14 years age group to be rehabilitated through the NCLP schools established under the project by the State Project Society. It is said that as many as six thousand special schools were opened under the NCLP through which around one million children were mainstreamed which is not a mean achievement by any standard. The Media reports (See Delhi Edition of The Hindu of 12th July 2022) suggests that because of a lack of budgetary provisions, the NLCP was abandoned abruptly and supposed to have been merged with the Samagra Shiksha Abhiyan and as such the Government has informed the PAC that it does not have records on the child labour in the Country.

 

It is unfortunate that when the Country strives to attain a 100 per cent GER at school education by the year 2030 which is reemphasised in both the NEP 2020 and SDG 4.0 Education in the absence of data on working children it is not known the basis on which the planners while planning for universal enrolment use which set of data. It is generally believed that those who are out of the education system are out-of-school children many of whom may be working children. 

 

No effort has been made in the recent past to know the quantum of working children in the Country. What is their percentage of the total out-of-school children? Why do children work at the cost of education? Is it because of poverty or because children are not interested in education or simply it is because children drop out of the system because of repetitive failures and also because they need to take care of their siblings all of which are reflected in the NSSO 75th Round? 

One of the other reasons for children not attending schools found in the NSSO 75th Round is because children are engaged in economic activities. Despite reasons for non-enrolment known (such as poverty, engagement in economic activities, not being interested in education etc.) no special efforts have been initiated to check, despite a good number of research studies being conducted on dropouts and still being conducted. The point is not to know the quantum of the dropout but to initiate activities to check the dropout. It is heartening to know that the dropout rate in the recent past has declined significantly from a high of 5.62 per cent in 2012-13 at the primary level to 0.08 per cent in 2020-21; the year for which the latest UDISE+ data is available. Many states have reported zero or almost negligible dropout rates at this level of education which needs further scrutiny. 

 

Media reports suggest that NCLP was discontinued at the time of launching Samagra Shiksha Abhiyan and it was envisaged that the same would henceforth be tackled through the SSA but the Data Capture Format of UDISE+ based on which district annual plan and budget is supposed to be based upon do not have any provision to collect information on working children rather it is not possible to collect the same from the administrative surveys for which information need to be collected from the households. In the absence of information even from the Ministry of Child and Women Development, the Census of India is the only source which provides information about working children which would next be available when the data of the 2021 Census is available. 

It is also a matter of concern that the total population and its sex composition are generally available at the lightning speed but other details required for the education sector are released after a gap of 4 to 5 years and the intermediary years’ indicators are computed based on the projected population which in the past found to be quite off the track. In recent years, not only has the child population been projected but the time lag in enrolment data is slowly but surely been on the increase; at one point of the time school education plans were been formulated based on the same year data but now there is at least a lag of at least two years. 

For example, the latest 2022-23 school education plans under the aegis of Samagra Shiksha Abhiyan were formulated based on the 2020-21 year data and in a few states were even based on 2019-20 UDISE+ data. Why has suddenly the time lag in educational statistics started to increase and why no one is bothered about the same in the absence of which even indices computed by the NITI Aayog such as SEQI, PGI, SDG etc. all are based on outdated data and the outcome of such exercises are of little use while formulating the plan for the current year? 

A glance at the percentage of child workers in the total 6 to 13 years population reveals that as many as 3.48 per cent of the total population in this age group was classed as child workers which includes both the main and the marginal workers. Though the percentage looks low in absolute terms the number of child workers in 2011 was as high as 208.32 million of which the male constitute 52.24 per cent and the girls, 47.76 per cent. Even if the percentage of the child population in 2021 remains at the 2011 level i.e. 3.48 per cent, in absolute terms the country may see a decline in the number of child workers because of the decline in the child population which is based on the Report of the Expert Committee on population projections.                                                                                             Continue ......

National Institutional Ranking Framework (NIRF) & World University Ranking (WUR) 2022

 

 

Arun C Mehta

Formerly Professor & Head of EMIS Department, NIEPA, New Delhi

In this note, we briefly discuss and take a view of the National Institutional Ranking Framework (NIRF) & World University Ranking (WUR) 2022 with regard to higher education institutions in India which is respectively initiated by the Ministry of Education, Government of India and Times Higher Education Magazine. 

National Institutional Ranking Framework (NIRF)

The National Institutional Ranking Framework (NIRF) was initiated by the Department of Higher Education of the Ministry of Human Resource Development (now Ministry of Education) in 2016 which categorized institutions under universities, institutions, engineering, and pharmacy. Initially, because of the poor quality of the data, no ranking was announced in the case of the B category institutions. However, later the quality of data improved and new categories of institutions were added.

In this brief note ranking of the first ten universities and institutions right from 2016 to the latest 2022 is glanced at. In the latest 2022 ranking, Teaching Learning and Resources (weight-age 0.30), Research and Professional Practices (weight-age 0.30), Graduation Outcomes (weight-age 0.20), Outreach and Inclusivity (weight-age 0.10), and Perception (weight-age 0.10), are the parameters which have been used broadly in ranking institutions. Each of these parameters is further sub-categorized through which the institutions are ranked. National Board of Accreditation (NBA) is continued to be the Ranking Agency on behalf of NIRF for 2022.

The latest NIFR released on 15^th July by the Minister of Education has categorized different institutions falling under Overall, Universities, Colleges, Research Institutes, Engineering, Medical, Management, Pharmacy, Dental, Law, and Architecture institutions.

The NIFR Dataset

In the 2022 ranking, all candidate institutions, independent of their discipline or nature have been included in the given overall ranking provided that they have a total strength of 1,000 students in undergraduate and/or postgraduate programs. As many as 18,875 universities, colleges, institutions, etc. have participated in NIFR 2022 Rankings. It may be recalled that as per the AISHE, there were about 1,043 universities, 42,342 colleges, and 11,779 stand-alone institutions in the Country data from which were collected during the year 2019-20; thus indicating that a good number of such institutions are still out of the reach of NIFR in 2022.

The NIFR 2022 has specified the process through which the institutions had to provide the data. Institutions that were desirous of participating in the ranking process were required to submit the data in the format which is specifically designed by the NIRF. The NIRF 2022 made it mandatory for participating institutions to upload their data on their website so that it is publically visible to anyone.

The finalized data submitted after the comments and observations received from the NIRF must be made available on its website and must be remained there for at least three years all of which would help in improving the transparency and overall quality of data. Had there been a need, the accreditation team had to physically visit the institution concerned and scrutinize the records. The interested institutions needed to register themselves on the NIFR portal.

NIRF: 2017 to 2022, OVERALL Rankings

Name	Score	2022	2021	2020	2019	2018	2017
		Rank
Indian Institute of Technology Madras, Chennai, (Tamil Nadu)	87.59	1	1 (86.76)	1 (85.31)	1 (83.88)	2 (81.39)	2 (73.97)
Indian Institute of Science  Bengaluru, (Karnataka)	83.57	2	2 (82.67)	2 (84.18)	2 (82.28)	1 (82.16)	1 (82.28)
Indian Institute of Technology Bombay, Mumbai (Maharashtra)	82.35	3	3 (82.52)	4 (80.75)	4 (78.62)	3 (79.20)	3 (71.78)
Indian Institute of Technology Delhi,  New Delhi(Delhi)	82.22	4	4 (81.75)	3 (81.33)	3 (78.69)	4 (73.97)	5 (64.18)
Indian Institute of Technology Kanpur, Kanpur (Uttar Pradesh)	77.83	5	5 (76.50)	6 (74.99)	6 (79.07)	7 (65.39)	7 (60.69)
Indian Institute of Technology Kharagpur, Kharagpur (West Bengal)	75.94	6	6 (75.62)	5 (75.85)	5 (74.31)	5 (71.39)	4 (68.43)
Indian Institute of Technology Roorkee,  Roorkee (Uttarakhand)	71.48	7
			7 (71.40)	8 (68.48)	8 (67.68)	8 (64.93)	9 (59.84)
IIT Guwahati, Guwahati (Assam)	69.75	8	8 (69.26)	9 (68.81)	9 (65.47)	12 (60.16)
All India Institute of Medical Sciences, Delhi (Delhi)	69.57	9	Maybe AIIMS is included for the first time in NIRF 2022
Jawaharlal Nehru University,  New Delhi (Delhi)	67.25	10	9 (66.61)	8 (68.76)	7 (68.68)	6 (67.57)	6 (61.53)
BHU Varanasi (Uttar Pradesh)	64.81	11	10 (63.10)	10 (62.03)	10 (64.55)	9 (63.52)	10 (58.92)
Anna University Chennai (Tamil Nadu)						10 (62.82)

Note: Overall ranks were not awarded in 2016, Source: NIRF, different years. Readers are requested to refer source of information and provide a full reference to the contents used.

 

NIRF Overall Ranking: 2017 to 2022, First 10 Institutions

In this brief note, we take a review of the first ten ranked institutions that found a place in NIRF 2022 which includes all types of institutions including universities, colleges, institutions, and other types of institutions mentioned above. The objective is to see how these first 10 ranked institutions performed in the past years starting the first year of NIRF i.e. 2016; unfortunately, NIFR 2016 does not present an overall rank but has ranked for each of the four categories considered in ranking in that year. Because of this, the past performance of the first 10 institutions is viewed between the years 2022 to 2017.

The analysis is summarised in the form of a Table which indicates that by and large, the first 10 ranked institutions that found a place in the overall ranking in 2022 have also had high ranks since the beginning of NIRF 2017. However, there are a few exceptions that indicate improvement in the case of a few institutions and a slight decline in the case of a few others.

Further, it has been observed that the highest first ranked institution though it is on the top of the list but still not perfect as their overall scores are far below 100, an institution can attain as per the NIFR framework but not a single institution is near in achieving the same. Further, it has also been observed a wide gap in scores of the first and the tenth institutions in 2022 in the overall rank. Further, it has been observed that the gap in scores of the first ranked and the second rank institutions in 2022 is wide and significant and it would be rather difficult to bridge the gap in the coming years.

 It is also important to discuss whether NIFR ranking is required to be computed every year or once in five years? How much change/improvement does occur in an institution in a year?  Do they change swiftly between the two years? The gap between the top and the bottom and middle-ranked institutions is so wide and significant that the bottom-ranked institutions will take longer or may not even be able to bridge the gap. On the other hand, it is rather difficult also for the top-ranked institutions to further improve their overall scores which are visible in their 2022 scores. It has also been observed that compared to the initial scores in 2017, scores look very impressive in 2022 but the last three years' scores of these institutions suggest that even the top-ranked institutions reached a saturation point and it would be difficult for them to further improve.

The initial wide gap in scores may also be attributed to the fact that institutions were not equipped to have all the requisite information to submit to the NIFR  portal. But with each passing year and also because of the gradual improvement in the higher education database through the AISHE, the same has improved significantly and institutions now are better equipped to submit the information required for NIRF ranking.

NIRF in India was initiated 3 years after such an exercise was undertaken globally to rank the global World in universities in the year 2013. Like the NIRF ranking, the World University Ranking is also available for the year. As many as 13 performance indicators spread over areas of the international outlook, research, knowledge transfer and teaching have been used in the global international ranking in 2022. As many as 2,100 institutions (mostly universities, around 1,600) from all over the World from about 99 countries participated in the World University Ranking in 2022 all of which have not been assigned ranks because of the deficiencies in the database which they submitted. Both the University of Oxford in the area of teaching and Harvard University in the area of research continued to be the best universities in the World. 

So far as the participation of India in the World ranking is concerned as many as 89 institutions participated in 2022 but all of them have not been assigned the ranking and they are termed as Reporters; the number of such institutions is around 18 which includes Tata Institute of Fundamental Research, Management Development Institute, Mizoram University, University of Kerala, etc.

The outcome of the NIFR ranking is also reflected in the World ranking; the Indian Institute of Science located in Banglore is the highest ranked institution from India and is placed in the rank bracket of 301 to 350; this means that IIS is amongst the top best 350 institutions of the World.

Next to IIS, there are a few institutions that are otherwise not ranked in the first 10 ranked institutions in NIFR 2022 but has found a place in the rank bracket of 351 to 400 which includes the newly established IIT Ropar and IIT Indore which are followed by institutions like Thapar Institute of Engineering & Technology and Alagappa University, the only two institutions from India to find a place in the rank bracket of 501 to 600.

Two of the top-ranked universities in the NIFR 2022, namely the Jamia Milia Islamia, Delhi University, and Jawaharlal Nehru University, Delhi could find a place only in the rank bracket of 601 to 800. On the other hand, the Aligarh Muslim University is ranked between 801 to 1000 bracket so the newly entered KIIT is in this bracket. Surprisingly none of the top-ranked IITs such as IIT Madras, IIT  Mumbai, and IIT Delhi as per NIRE 2022 could find a place in the World ranking. Overall only 35 Indian universities could find a place in the top 1,000 universities of the Wolrd.

Many of the USA Universities like the previous years ranked at the top as it seems that the barring one, the World's top universities are all located in the USA; that is the reason why a large number of students not only from India but also from across the World used to prefer universities located in the USA; top 10 universities of the World are the University of Oxford, California Institute of Technology, Harvard University, Stanford University, University of Cambridge, Massachusetts Institute of Technology, Princeton University, University of California, Berkeley, Yale University, and The University of Chicago. India still needs continued effort not only to further strengthen its higher education sector but a lot more also is required to improve the efficiency of its school education sector without which the higher education sector cannot grow on its own which has become necessary because of its resolution to attain a high GER of 50 percent in the year 2035.

The World ranking is also available region wise and the same for the Asia Region reveals that India is far behind and needs concerted efforts to improve its higher education & keep pace with the other countries of the world, such as China for which it needs to allocate at least 6 percent of its GDP as has been reassured in the recently adopted NEP 2020. As many as 829 institutions reported data from the Asia Region of which 89 institutions were from India out of which 18 could not be assigned ranks and are termed only as the Reporter.

With a cursory look at the ranks of the Indian institutions, one gets the impression that a few not much known have found a place in the ranking in the Asian Region on the other hand institutions, such as JNU, JMI, AMU and many of the top-ranked IITs ranked in the 1^st to 10^th  in NIFR 2022 couldn’t find a place in top 150 institutions located in the Asia region. Tsinghua University and Peking University both from the Peoples' Republic of China are the best in Asia with their ranks standing at 1^st and 2^nd in 2022. On the other hand, the National University of Singapore is the third best institution located in the Asian Region. 

The top-ranked NIRF 2022, the Indian Institute of Science Banglore is the 42^nd best institution in Asia which is followed by the JSS Academy of Higher Education & Research which is ranked  65^th.  Maybe the Jawaharlal Nehru University, Jamia Milia Islamia University, Delhi University, etc are the best-known universities in India but all of these institutions are ranked much lower respectively at 167^th, 160^th, in the 201 to 250^th  bracket all of which indicate that Indian higher education still needs to improve a lot to keep a pace with the best such institutions in Asia. Similarly, the top-ranked IITs could not find a place compared to IIT Ropar (68^th Rank), IIT Indore (87^th Rank), IIT Gandhinagar (120^th  Rank), Aligarh Muslim University (122^th   Rank) etc.

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Fifty-Percent-Increase-in-Higher-Education-Enrolment-by-2035-Possible-converted1.pdf (educationforallinindia.com)