LSE scholarships for India

The London School of Economics (LSE) is offering 50 scholarships to students from India studying a Master’s programme at the School starting in 2013. Scholarships will range in value from £3,000 to £32,000 depending on financial need. Students must be holding an offer of a place on an LSE Master’s programme by 30 April 2013 to be eligible for an award and scholarships will be made on the basis of financial need.

LSE Director Professor Craig Calhoun said “LSE has enjoyed a strong relationship with India for over a century. This has included welcoming thousands of Indian students to study at the School during this time. We want to ensure that LSE’s doors are open to all talented students, regardless of financial circumstances, and are delighted to cement this relationship further by offering 50 scholarships, for graduate study, for students from India.”

To apply for one of these awards students should first of all apply for a place on one of the school's graduate programmes. The list of available Master’s programmes can be found on the graduate admissions website. 

Once you have applied for a place at the School you should complete the LSE Graduate  Financial Support application form. A link to this will be sent to you when the application is received by the school. Please follow the instructions provided and complete all sections of the form. This form is used by the Financial Support Office to assess candidates’ eligibility for all awards available at LSE, including the new Indian graduate scholarships. If you have already received an offer of a place for 2013, but have not previously applied for financial support then you can do so at any point until 26 April 2013.

For more information on the scholarships for Indian students please email financial-support@lse.ac.uk

India's invisible innovation challenge

True or false: When it comes to innovation, the developed world has a distinct advantage over emerging markets? If you believe this, you’ll be surprised to read new research from London Business School professors Nirmalya Kumar and Phanish Puranam that turns this long-held assumption on its head.

In their new book INDIA INSIDE: The Emerging Innovation Challenge to the West, Nirmalya Kumar and Phanish Puranam, who are also co-directors of the School’s Aditya Birla Centre, make clear that for certain kinds of innovation, the long-held monopoly held by the developed world is over. As a result, the authors argue, it’s now time for Western countries to follow the East’s lead—and in particular, India’s lead—in adopting different processes and developing new responses to increasing shifts in the world market.

But one thing is for sure: India’s invisible-innovation challenge will need a response from Western multinationals and policy makers alike. In India Inside, Professors Kumar and Puranam deliver a much needed wake-up call to thinkers and companies in the developed world.

According to the authors, substantial innovation is taking place in India, but in a form that is invisible to consumers around the world. This innovation takes a rich variety of forms—from novel B2B offerings and R&D services outsourcing to process improvement discoveries and fresh approaches to management.

The authors argue that despite some challenges, India has emerged as the global ‘invisible’ innovation hub. Four new concepts help demonstrate this:

• Global segmented R&D delivery model: How innovative and creative tasks are increasingly being off-shored to India
• Injection of intelligence: How over-qualified people on what were considered dead end jobs produces product innovations in India
• Sinking skill ladder: How by outsourcing the bottom end of the value chain to India, the West will be forced to offshore more strategic and creative activities in the future
• Browning of the TMT: How multinational corporations must transform composition of their global leadership teams as R&D and markets move to India and China

Kumar and Puranam believe that India’s emergence as a global innovation hub has important implications for the developed world. For Western multinationals it means internal stress around talent and the makeup of top executive teams. For Western policy-makers it means the potential loss of dominance in creative, innovative, and high-value-added work. The book provides several potential responses and recommendations for adapting to this new norm.

Through research and extensive interviews with India-based executives from companies like AstraZeneca, GE, Infosys, Intel, and Wipro, INDIA INSIDE presents a clear-eyed view of the challenges and opportunities facing multinationals seeking new sources of innovation in the future.

The unfortunate case of TASMAC in London

INSTANCES of foreign institutions closing shop leaving Indian students stranded are becoming all too common in India. Could this be a natural, unfortunate, consequence of the craze for foreign degrees in our country?

It is regrettable that TASMAC has had to close down the London campus of their business school last week. I have known about them ever since the late ‘90s when I was heading British Council’s education promotion wing in east India. This is definitely NOT another Tri-Valley. Rather, an example of how Indian institutions need to exercise caution when planning their overseas ventures.

Needless to say, the TASMAC decision has jeopardised prospects of over 600 Indian students in London. The Ministry of External Affairs is closely monitoring the situation. In a statement, a foreign ministry spokesperson said, "The decision to shut down the campus is believed to be related to the UK's efforts to tighten norms in respect of Tier 4 student visas."

The MEA said the Indian high commission in London has made contact with the TASMAC authorities. "Our high commission in London has established immediate contact with TASMAC, which has conveyed that it is working with the University of Wales to transfer the students to other educational institutions so that their studies are not disrupted." The Indian mission has set up an advisory for students on its website, but the ministry said no Indian student had contacted them for any assistance yet.

Earlier this year, the UK instituted several changes in student visa regime which are as follows: From April 2012, any institution wanting to sponsor students will need to be classed as a Highly Trusted sponsor, and should be accredited by a statutory education inspection body by the end of next year. The current system doesn't require this, and has allowed too many second and third rung colleges to become sponsors.

With the University of Wales in a spot over the “cash-for-certificates” scam, how much assistance they would be able to provide these stranded students remains to be seen.