Education industry is a business these days.

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211 comments Page 14 of 22.

Gurudatt Puranik said:   5 years ago
Yes, Education industry is indeed a business and will continue to remain one in coming years.

As quoted by Albert Einstein, "Everyone is a genius. Don't judge a fish by it's ability to climb a tree. It will live it's whole life believing it is stupid". Education is to eliminate ignorance and not to build a business out of it. Now a days, people are more concerned about the profit they get out of starting an institution or even by running one. They don't give a damn about the lives of budding children. Education must be to teach the children, how to live and lead a life and not to create a competition among them.

What do these educational institutions make by taking lakhs of fees and donations for kindergarten students?

Are they going to teach alphabets and numbers for lakhs? That doesn't make any sense.

These numbers are so high that an average family makes a living out of it. The present education system is in fact discriminating between the children and this business has grown to such an extent that it has become an index of status.

Practically, children learn more outside the school than they learn inside.
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Srikanth said:   5 years ago
"Education industry is a business these days". I agree with all my peer's views who has upvoted this. Because one knows the situation out there regarding the educational institutions whose responsibility has turned into a business. If we observe the fee being charged for a child studying nursery it would easily on an average ranges from Rs. 80, 000 to 1 lakh. What mess is this? These institutions are really imposing financial pressure on the parents. Every parent wishes to provide his/her child with a better education which is usual. When we consider the scenario of a middle-class parent struggling to bear this fee, joins his/her child in a low standard medium, financially failing in encouraging their child's talent. If the same standard of education is provided such that all the financial stages of people could cope with the fee, the education would be holding its real value. So, I conclude that the education industry should see it as a responsibility of providing the best education besides facilitating all the financial aspects at a considerable standard but not turning it into a business.
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Surekha said:   5 years ago
Yes.

The education system is like a business because parents want their children studied in the higher education industry, that's why these private schools are demand to run the education industry by some one supportive leader.

The government should increase the govt schools and to reduce the unlicensed private schools and to give the limitation of the private schools are under government policies.

Then all categories of people should learn.

Thanks.
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Sarthak said:   5 years ago
Hi everyone!

I don't believe in this statement as this isn't entirely true. People have an opinion that educational institutions, especially private is a business but if we bring our attention to these private institutions like Modern School Barakhamba, The Doon School, Sherwood College, Lawrence School which are country's most prominent and expensive schools in our country have provided us the leaders and personalities like Field Marshall Sam Manekshaw, Ratan Tata, Amitabh Bachchan, General VK Singh. If these institutions were just running a business then they wouldn't have the reputation they have. Parents wish to provide their Children with best education but it comes with a price. Better schools have better infrastructure, better faculty, exposure to better opportunities etc. IITs and IIMs have no lesser fees despite being a government college. IIMs are the best institutes to study management and average cost there is around 25-30 Lakh for the PG course. So it is not entirely true that educational institutions run a business. No professor holding a degree from US wouldn't want to earn in millions of that's the case. Average Educational Institutes in our country have lesser fees compared to the western world and are way behind in facilities and opportunities.
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Jennifer said:   5 years ago
Yes, Educational industry is business these days. The government should provide quality education for all children despite of their economic conditions. The government should implement free education. Because investing in quality education always result in a better future. Because present children are future nation's leaders. Private schools have become a great business because of their costly fee structure. They are introducing foreign educational techniques but fail to achieve their main goals. Private schools are investing Kusch on advertising their brand names rather on spending for the children welfare. In the name of professionalism, the educators are following a strict relationship with the children but not understanding the child's unique abilities. Every child is expected to get a good percentage to sustain their overall pass percentage and not giving sufficient importance to extracurricular activities. So the education industry has become a high-end business.
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Ashish said:   5 years ago
Hello everyone,

I am Ashish. I agree that the education industry is becoming business. As we all know the number of fees the private school charge. It is starting from 50000. Middle-class people can not afford such a huge amount of fees.

People are just wanted to give good education to their children but they do not know that for their this small wish they would have to pay much more.

Considering another aspect, government school should increase the standard of education.
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Bablu Rana said:   5 years ago
Hello, I am Bablu Rana.

The education industry is a business these days, yes I agree. For the development and happier life education is most important. It becomes a business in India now.

Government educational institutions are not doing their job properly. Students are moving towards private institutions for better education despite they charged a high sum of money.

Government need to think where's the problem lies in the education system of India. Because -.

1) many students go abroad for studies.

2) one can't complete his doctoral degree at cheap cost in India.

3) many talented Indian lectures choose foreign institution instead of their own country's.

The problem is India is a poor country and many students can't offer expensive amount charged by private institutions. So, the government needs to bring new policies were, private institutions need to be put restrictions on things which making education business in India.

And Government institutions need to be function well.
(13)

Kshitij G said:   5 years ago
Definitely, To some extent true.

1.Education institutes and hubs are becoming a trading centre especially affecting vulnerable like the middle and lower-middle class.
2. Some institute outlines a bulky fees structure to extract maximum benefits out.
3. Most of the elementary and secondary schools are tabooed with this monopoly, especially private schools and convents, where students are exposed to bigger aids and ambitions.
4. Talking about Graduation courses, private institutes and stakeholders lucratively places out a policy which seems mandatory to parents.

*Governments role*
1.Various landmark reforms granted by the GOI.
(a) 1992-Revised Education policy under PV Narsimha Rao committee.
(b) Right to Education act undermines free education for 6-14 yrs children.
(c) " Samagra Shiksha abhiyaan" for socially and economically weaker section (SEWS)
2.Scholarship Programme by Govt. to assist bright and economically vulnerable.
3. Remittances to be paid by Education traders to Govt. made compulsory.
4. 10%Poor Admission Quota available in every private institution.

Conclusion:
1. Thus Education expense is inevitable and that every hub demands bulky fees when it comes to providing quality education.
2.The need of an hour is to re-formulate the programme policies by private institutions to make education accessible to every citizen.
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Praveen said:   5 years ago
Student Schooling is a back boon of India's improvement. But forthwith this atmosphere certainly bad about that. They are swapping education and they aren't giving proper guidance also. They are book worming. There's no proper description in classes. Students really need to get enthusiastic in their studies. They are tightening by instruction.

The teacher must be Speak with the scholar and find their potentials and find their blunders and difficulties to encourage them for studies. Tedious lessons and classes always awfully. This provokes we can see a downfall and intermediate stop.

We try to implore them with good motivation.
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Divyasree said:   5 years ago
Definitely education industry is a business these days. Every institution is established with a mission called profit, they focus on profits. It's okay to make profits but here is the thing, they make profits more than what they require and more than what we can pay. There are also some institutes which focus more on children's education than profits, Thankful to them. Every child has the right to education, ultimately it is government responsibility to establish sophisticated infrastructure and methods of teaching and learning in government schools. India spends 2. 4% of its total GDP for education in 2015-16, 2. 6 % in 2016-17 and 2. 7% in 2017-18 and 3% in 2019. If we compare these figures with some countries, we not even spending half of theirs.

For example.

Cuba - 12.9%.
Norway - 8%.
Denmark -7.6%.

There are also some countries that spend nearly same figures as India, for example, Singapore spends 2. 9% and is marked as one of the best education systems. We are also spending the same but where is the problem, is it in plan making or in the implementation? We need to make changes according to the present scenario of the competitive world. Every parent wants their child to have the best education, as government schools are not up to the mark to compete with the present world so there is no other way than private institutes so children are joined and they are made to pay a high fees, the most affected are middle-class men because India's majority of the population are middle-class men. The government should keep some barriers for the fee structure. Not everyone can afford a good education, not everyone can pay a high fee. Only blessed kids are having the opportunity to have a good education and large scope in higher education without bothering about fee.

There are cases where a child's dream is crushed only and only because of their parent's financial status. I feel that no child should fell low, no child should not kill their passion and dreams just only because of their financial status.

This has to be changed, and this is only possible if government focus on this. Thankfully this year there is a good news that our education system is going to be changed, 6% GDP is expected in new education policy. Lets hope for the better future to the future generations.

So that everyone get their education and no institute should make education a business.
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