service sector

Lord Macaulay’s address to the British Parliament in 2 February, 1835:

"I have traveled across the length and breadth of India and I have not seen one person who is a

beggar, who is a thief. Such wealth I have seen in this country, such high moral values, people of such

caliber, that I do not think we would ever conquer this country, unless we break the very backbone of this nation, which is her spiritual and cultural heritage,

and, therefore, I propose that we replace her old and ancient education system, her culture, for if the

Indians think that all that is foreign and English is good and greater than their own, they will lose their

self-esteem, their native self-culture and they will become what we want them, a truly dominated

nation."

Private Sector

Professional Courses. Infrastructure Crunch. Liberalization. Increase in Standard of Living. Greater Variety. Modernity. Teacher Training.

Listed Educational Institutes

•15 such stocks traded on BSE and 7 on NSE.•Evergreen stocks.•Possible gain during downturn.•Mutual Funds soon expected.•Since 2000 100% FDI allowed.

Foreign Universities

• 2007- Bill presented in Parliament, Not approved.

• 2009- Modified. 2010- Cabinet’s nod.

• Why students go abroad?• Better education, earn money, increased opportunities,

culture experience, status symbol etc.

• Why India?• Prestige.• Profit.

Universities planning to step in India

• Yale

• Harvard• Boston• Duke• Georgia Tech

• Virginia tech

• Schulich School of Business• Middlesex university

Who will answer these questions?

• Will Foreign Universities retain the same identity?

• What does bill offer for Indian students?• Will academic parameters be on par with those

overseas?• Will they bring along top faculties?• Will it reduce brain drain?

• Degree- Will it worth the same?

• If hefty deposit, not taking profit back profit. Why invest?

Faculty Crisis

Fear to Indian Universities

Prestige, Losing Identity

Cultural Clashes

Politicization of Education

Financial Loss

ResearchInfrastructureWider choicesReduced Stress and PressureCompetitionIncome for GovernmentReduced brain drain