Should FDI be Allowed in Higher Education

…me private universities have started operations in India. But, most of them are not giving the quality, they are for money making. In the recent years, many of the new private institutions have opened in India. But, most of them are for engineering and B-schools. The scenario is this that India is producing almost 750,000 engineers and 100,000 MBA graduates every year. But, if we see the skill in this army of graduates only 20-30% of them are doi…

The impact of economic reforms has been that rich people have become richer and poor people poorer

  In 1991, when the foreign exchange reserves had reduced to such an extent that India could barely finance three weeks’ worth of imports. Economic reforms were introduced in Indian economy. Before 1991, India was closed for foreign companies. It was a period very much known as License Raj. During this period, up to 80 agencies had to be satisfied before a firm could be granted a license to produce and the state would decide what was…

Impact of IT/ITES on Indian Economy

…FY2010-11). It is expected that the share of IT/ITES industry in this GDP will be 6.1% as against 1.2% of 1998. For the past 10 years, GDP of India has grown on an average 6-7% every year. If a sector’s share in this growing GDP has increased from 1.2% to 6.1%, what could be the growth rate of that sector? Revenue of IT/ITES of India for FY2010 is expected to be 71.3 billion USD compared to merely around 6 billion USD in 2000. The growth i…

Management Education is only for the Rich

…o start their career at less than Rs. 20,000 if they can get starting salary more than Rs. 50,000? The only hope for the lower middle class or poor student is bank loan. But, there are a lot of requirements for the banks for giving a loan. Other than for the case of meritorious students seeking loan for prestigious institutes, banks ask for an account in their bank, active for at least past six months. Plus, one needs to submit an insurance polic…