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Should FDI be Allowed in Higher Education

| January 7, 2011 | 1 Comment | Total Views: 2,313

  The ‘India Vision 2020′ envisages the transformation of India into a knowledge superpower. To achieve this vision, the higher education sector has to play a key role. At present India is producing highest number of doctors and engineers every year. But, if one considers the quality and quantity of higher education in India. It is worse. In US and UK, percentage of enrolment in higher education is 82.4 and 60.1 respectively. In…

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India Spends Too Much On Its Defence

| January 10, 2011 | 0 Comments | Total Views: 609

India is the largest importer of defence equipment in the world. Currently, India imports close to 70% of its weapons requirements largely from Russia, Israel, and more recently, the United States. The country’s defence expenditure will be around $112 billion by 2016. In July 2010, India signed a contract for six new submarines with Russia for $11 billion. It was the highest such contract in the south-Asia till now. Over the next one and a…

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Impact of IT/ITES on Indian Economy

| January 13, 2011 | 3 Comments | Total Views: 891

…s (ITES) in Indian Economy? Now, think about another situation. Two persons are talking about the growth rate of India and the year is 1985. So, what do you think, would they be talking about the role of IT/ITES in Indian Economy? I don’t think so. Twenty five years back, no one would have dreamt of India as a major IT exporter. The nation lacking food & money would be a big player in computer sector. Today, it is one of the fastest gro…

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

| November 12, 2012 | 0 Comments | Total Views: 1,279

  In 1991, when the foreign exchange reserves had reduced to such an extent that India could barely finance three weeks’ worth of imports. Economic reforms were introduced in Indian economy. Before 1991, India was closed for foreign companies. It was a period very much known as License Raj. During this period, up to 80 agencies had to be satisfied before a firm could be granted a license to produce and the state would decide what was…

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