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If you want a good university education in India you have two choices: be born brilliant and study incredibly hard to gain entry into one of the country's few world-class engineering, science or medical schools; or head overseas. Only a few thousand students a year are lucky enough to make it via the former route, while around 130,000 students a year, who don't quite make the grade at the best schools at home but can afford to pay for a foreign education, end up studying abroad.

A lack of education is the root of several major issues in India, and the right education for all our citizens has the potential to solve all these problems at one time:

If we educate India in the right way, our citizens will gain the necessary skills to survive in a competitive world. This would lead to better paying jobs and a higher standard of living, hence solving the crisis of poverty.

If we educate India in the right way, our citizens will have a broader mindset. This would lead to greater tolerance and an appreciation for all religions, hence solving the crises of religious violence and caste discrimination.

If we educate India in the right way, our citizens will be able to better understand the negative repercussions and immoral nature of fraudulent activities, hence solving the crisis of corruption.

If we educate India in the right way, our citizens will shy away from radical ideologies and will not be acquiesced easily, hence solving the crisis of terrorism.

If we educate India in the right way, our citizens will gain a moral conscience, and realize the worth of a human life and the position of women in society, hence solving the crisis of human rights violations.

The potential is huge: university education is a rare privilege in the world's second most populous nation. Fewer than 17 million out of India's 1.2 billion people have been lucky enough to study past high school. And India needs educated workers. Despite its economic boom and massive young population, India faces a serious skills shortage. Wage rates are growing by 20% a year, sometimes more, as Indian companies battle to attract educated workers. It helps that as opportunities at home improve, more students are deciding to return to India after their studies abroad. But if the world's universities can set up shop in India, not only will more Indians get a chance at a good education, fewer students will have to leave India in the first place.

For decades Indian students' favorite destination has been the U.S. According to a report by the U.S.-based Institute of International Education, 76,503 Indians currently study in America, the biggest single group of foreign students in the U.S., ahead of Chinese and Koreans. Most of those students return to work in India, but thousands stay in the U.S., contributing their skills to the world's biggest economy.

Indian students are also heading to universities in Europe, Australia and New Zealand. The international market for students has become a lot more competitive recently, a trend visible at an exhibition of European universities in New Delhi last week. Potential students flocked to the show, grilling exhibitors from Europe's traditional powers, such as France and Germany, but also eastern upstarts such as Hungary and Lithuania. The number of European universities offering courses in English has risen dramatically over the past few years, making them more attractive to Indian students. "The Europeans are welcoming Asian students," says Nidhi Mahajan who was manning the stand for the Graduate School of Automotive, Aeronautical, Space Craft and Marine Craft Engineering, based in Paris. "They've destroyed that barrier of language and people are finding the U.S. is maybe a little monotonous, so they're looking for something different." Read more: