Global depression may have taken the wind out of campus placements, but the rush for starting professional institutions is at an all-time high. Data from the All-India Council for Technical Education (AICTE), the regulatory body for professional technical education, shows that the dash to start professional colleges is more pronounced when it comes to engineering and management as compared to other streams like pharmacy, hotel management and catering technology or architecture.The All-India Council for Technical Education (AICTE) has received a total of 886 applications for starting engineering colleges and 1,084 applications for new management institutes. Five Indian states-Tamil Nadu, Andhra Pradesh, Maharashtra, Karnataka and Kerala-account for almost 69% of the country's engineering graduates, indicating that these states also have most of India's engineering colleges.TOI
"Is education become a business ? To some extent yes. People think education industry as a tool for profitable investment."
This number is not at all small it is a huge number. But what India needs at present is Quality Education to compete with global Universities.
Over to you -
What do you think about this sector/ Business?