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

…le 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 people must come from non-other than lower class or poor people list. These trends are taken from the last 5-10…

Should FDI be Allowed in Higher Education

…y US $400 per students. If we consider public spending of US on higher education, it is $9629. It may be argued that the spending of India could not be compared with that of US. However, even other developing nations like Brazil, China or Russia have much higher public expenditure per student, in excess of $1000. India’s higher education system is the third largest in the world, after China and the United States. The main governing body at…

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…