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Coaching IIT aspirants a $2.3b business - study
Private academies that train students for entrance exams of the Indian Institutes of Technology (IIT) and other prestigious engineering colleges mint Rs100 billion (Dh8.4 billion) a year - an amount that can fund 30 to 40 new IITs, shows a study by an industry body.
- IANS
- Published: 00:10 July 3, 2008
New Delhi: Private academies that train students for entrance exams of the Indian Institutes of Technology (IIT) and other prestigious engineering colleges mint Rs100 billion (Dh8.4 billion) a year - an amount that can fund 30 to 40 new IITs, shows a study by an industry body.
The Associated Chambers of Commerce and Industry of India (Assocham) study, released yesterday, said private academies who train 600,000 students every year for these exams make Rs100 billion a year. Calling for de-regulation of higher education, Assocham president Sajjan Jindal said the beneficiaries of the current system were those running big educational institutions and coaching centres.
Cut-throat competition
At least 50 per cent of the students who appear in the entrance tests for admissions to IITs and other engineering colleges enroll with coaching centres to beat the cut-throat competition, said Assocham.
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