Soaring Business, Falling Education




Education is the key to success and India has a great history of education as we had The University of Ancient Taxila in 10th century BCE but in the 21st century, everything has become a business game. The basic schooling structure has been changed now, school managements and even every government are playing with peoples mind as in 2017 50% of urban students are in private schools. Government schools enrolment fell by 13millions between 2010-2011 & 2015-2016. In Contrast, admissions into private schools rose by 17millions in the same period, this is showing that people are looking private sector for good quality education.

Private sectors can never take over government sector if the government didn’t neglect their education system, in 2013 UNESCO report stated that only 3.84% of GDP has been expended on education sector which was rose 4% in 2014. Expenditure on education by the government may be very less but this scenario is not the same as the revenue or return of the education sector. In terms of revenue, Indian education sector stood at $97.8billion in 2016 & expected to almost double $180 billion by 2020, this data is enough to expose that education is a very beneficial business in terms of investment and return.

Encircling schools is not only the aims of the private sector, but higher schooling is also arrogated by them as of 2016 there are only 847 universities in India on which 334 are owned by private owners, it means 65% of total colleges in India is private. Yet only 28% of total students have been enrolled for tertiary education (UNESCO 2018).

12th five-year plan was designed with the education in the first place, private schools and colleges were focused towards betterment of education system yet India has the world’s largest population of illiterate adults as per the OXFAM India report, Article 21-A and RTE came into effect in 2010 still 60lakh children are out-of-school till the end of 2015.

Not only schools but colleges are also not doing so well as only three universities of India ranked in top 200 of Quacquarelli Symonds (QS) world university ranking and only 28% students are getting higher education still not everyone is getting jobs, Indian authorities noted in 2013 60%of engineering students were jobless, even state colleges are not utilizing their whole fund given by UGC. Perplexing point is that for this dud education system we have to pay TAX, yes, there is 18% GST on education & this GST burden is borne by the students because schools and colleges are not ready to cut-off their profit. Tax on education may be common for India but other countries like Germany & Norway have free education system while India is the fifth-largest economy in the world.



Money is sufficient but greed never ends, in 2017, 162 state universities were getting funds from UGC, 70 used less than half their central government grants, within 20 spendings less than 30%. Karnatak University, Dharwad used only 2% of its total grants, Utkal University, Odisha used only 6%, Rajiv Gandhi Priudyogiki Vishwavidyalaya used only 11%, Jai Prakash Unoversity, Chhapra used only 12% and Patna University used only 15% of its total grants. This data is proof that how much amount of funds are not utilized on students whereas that amount should directly help to the students. Here the problem is with the roots and only aware students can rectify it.

Official Writer- Kartik Sharma




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