PM Modi Seeks Law To Allow Yale and Oxford to Open Campuses in India

India needs to boost its education sector to become more competitive and close the growing gap between college curricula and market demands.

India's universities have produced chief executive officers at companies from Microsoft Corp. to Google -- now Prime Minister Narendra Modi thinks they can be even better with competition from global names like Yale, Oxford and Stanford.

PM Modi's government is pushing to overhaul the country's heavily regulated education sector to woo nearly 750,000 students who spend about $15 billion each year pursuing degrees overseas, Education Minister Ramesh Pokhriyal 'Nishank' said in written responses to questions.