Should FDI be Allowed in Higher Education

…in the matter of framing the policy for foreign investment in scientific research. Singapore allows only world-class institutions to enter, and that only when they bring their own money. For instance the Massachusetts Institute of Technology (MIT), a leading technical institution in the US, has collaboration with the National University of Singapore. From Australia, a country with which it other-wise has close contacts on several fronts, it is o…

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

…which encouraged the corruption and red tape system in India. The annual growth rate for India during 1950 – 1980 was around 3.5 % compared to 9 % in 2009. During the national economic crisis of 1991, when India was on the verge of Bankrupt, Government of India decided to bring up several economic reforms. Then PM, Mr. Narshimha Rao, appointed Manmohan Singh as a special economic adviser to implement the reforms. These reforms were mainly…

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…

Impact of IT/ITES on Indian Economy

…uilt around with improvement in roads, retail, entertainment and housing facilities. The ratio of employees – technical to non-technical is 80:20, 4% come from economically backward class, while 58% of total employment is from Tier-II/III cities, and 30 % are in the age group of 18-25 yrs. These data show how this sector is penetrating the national economy and enhancing it right from the root. India was known for exporting low technology or…