The primary reason why large number of Indian students are forced to opt for foreign universities is that Indian institutions have high capacity constraints. This trend can be reversed by opening a series of quality institutions with public private partnership by completely deregulating higher education.I have no idea by what it means. Vocational training is primarily imparted in ITIs. Is Assocham wanting to open more of them? Fine.
Also vocational education percentage in India is at meagre 5 percent of its total employed workforce of 459.10 million as against 95 percent of South Korea, 80 percent of Japan and 70 percent of Germany. China has over 500,000 vocational schools while India has less than 3,000 such institutions. This makes a strong case for India to allocate a substantial percentage of its budgetary allocations to promote vocational education to make the country a manufacturing hub.
However, opening a series of quality institutions for higher education is not so easy. Most of the private schools (BITS is an exception) have not been very successful. If IITs are facing a problem in getting good faculty, then the problem will even more acute for a private institution. Further, I think the numbers are hugely inflated. Several students go abroad for undergraduate and graduate education abroad even if they get admitted in IITs. This is because the career opportunities are better. To claim that the exodus of students will stop if we have more colleges/ institutes / universities is foolhardy.