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

…lic funded. Some of these institutions have been globally acclaimed. However, India has failed to produce world class universities like Harvard, Stanford, Oxford, Cambridge or MIT. The state of higher education is very bad in India. The education system in India is often criticised for being Rote Learning, rather than problem solving. The status of teaching in most of the public run colleges in India is ill. If we see the situation of colleges in…

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…