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

…p declined in number of person below poverty line in between 1993 to 1998 was seen. Currently, number of middle class in India is expected to be 300 million, which is expected to double by 2025 to 600 million. It is sure that as the economy of India will boom, new millionaire and billionaire will join the list. There will be new addition in the upper class list, mostly coming out of present middle class. Also, the 300 million new middle class peo…

Should FDI be Allowed in Higher Education

…4 and 60.1 respectively. In India, despite recent increment due to private players, current enrolment is merely 12 %. Even South East Asian countries have higher enrolment rate like 31% in Philippines, 27% in Malaysia, 19% in Thailand and 13% in China. According to United Nations Educational, Scientific and Cultural Organisation (UNESCO), public spending on higher education in India is merely US $400 per students. If we consider public spending o…

Management Education is only for the Rich

…ith bike and mostly by auto. The trend was very easy to understand that management courses attract upper middle class more than lower middle class or poor. Management education is getting expensive day by day. Some IIMs have increased their fees to more than 12 lakhs. Nearly, all the top 30 institutes have a fees range of 7 lakhs – 15 lakhs. This is creating a huge pressure on the aspirants. Those whose family income is not even 3-4 lakhs, how ca…