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

…ow much, at what price and what sources of capital were used. The government also prevented firms from knocking off workers or closing factories. Indian economic policy was influenced by the colonial experience. There was monopoly in many sectors by state owned enterprises. This was the period 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…

Should FDI be Allowed in Higher Education

…eemed universities, 5 institutions established and functioning under the State Act, and 13 institutes which are of national importance. Most of these institutions are public 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 criticis…

Management Education is only for the Rich

…o wheeler and, very few by auto. Boys were basically coming mainly on bikes with friends. There was huge number of vehicles compared with just around hundred candidates. But, at the IIT JEE center very few people used to come on car, few with 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. S…

Role of Coachings in IIT JEE selection

…institutes for IIT JEE can be found at almost every corner of street in every town of India. Size and strength of students vary at these places. But, all have same purpose to give students guidance for clearing IIT JEE. No doubt many fail to produce even a single IITian in lifetime. A large number of these institutes teach without proper procedure. There are very kind of institutes. Institutes operating with one teacher and one classroom to inst…