International student visa applications from India have fallen about 63 per cent in the past financial year, a government report showed this week.
The Minister for Tertiary Education, Chris Evans, is in India on a four-day tour, selling Australia as an education destination and encouraging more co-operation between institutions.
One of the main priorities of the new Australia-India Education Council will be a credit-sharing arrangement between universities, similar to those established with countries such as China and Malaysia.
''It's not just about an overseas degree in Australia, it's about allowing credit for exchanges, for a semester, a year,'' Mr Evans told the Herald in Delhi. ''Many universities are looking to joint-badge degrees.''
He said any scheme would encourage students to study in India. ''I'm very keen to get more students to study abroad. We can be monocultural in Australia and we need to have our students with a view of the world.''
Mr Evans said that recognising overseas qualifications benefited the labour markets of both countries.