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

…in India grew from a infinitesimal US $132 million in 1991-92 to $5.3 billion in 1995-96. In initial years of reform, 1991–1992, poverty increased in India slightly. But, later on number of people below poverty line decreased. And, a steep 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…

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

…start their career at less than Rs. 20,000 if they can get starting salary more than Rs. 50,000? The only hope for the lower middle class or poor student is bank loan. But, there are a lot of requirements for the banks for giving a loan. Other than for the case of meritorious students seeking loan for prestigious institutes, banks ask for an account in their bank, active for at least past six months. Plus, one needs to submit an insurance policy…