India, March 27 -- You head one of the best social science universities in the world. Most of the good universities are still in the West, which is now in a state of demographic decline. The demographically dynamic countries, India included, have a lot of students but do not have many good universities. What do you think we can do about this asymmetry?

I suppose two things. One is you can send more of your students to LSE. We have a long-standing relationship with India, right back to the very beginning of the school. We love getting Indian students. We're like an export industry. We give them an education and export them back to their home country.

In India itself, it is just a question of building. Obviously, the talent is here, so it...