Even though India incurs significant expenditure on higher educationat 3% of the GDP, the country's education spend is higher than that of the USour varsities are far from being world-class. Part of the problem stems from a missing basewith the miserably low levels of school education, especially in government schools (according to the latest Actual Status of Education Report), the critical mass for a demand push for quality in undergraduate and post-graduate education is lacking. But the larger blame must rest with the obsolete policy deck for higher education. One would think that the poor showing of Indian varsities would have spurred India's policy-makers into action. But at least three Billsthe Foreign Educational Institutions Bill 2010, that would have allowed foreign varsities to set up campuses in the country, the Universities for Research and Innovation Bill 2012, and the National Accreditation Regulatory Authority for Higher Educational Institutions Bill, 2010, to standardise academic qualitythat could have improved varsity education are set to lapse with the end of the term of the 15th Lok Sabha, with Parliament having failed to pass them.