by Piyush Asthana
3
there were 367 University level institutions including 20 Central Universities, 217 StateUniversities, 104 Deemed Universities and 5 institutions established under State Legislation,13 Institutes of National Importance established under Central legislation and 6 PrivateUniversities.. There were 18,064 degree and post-graduate colleges (including around 1902women’s colleges), of which 14,400 came under the purview of the University GrantCommission, the rest were professional colleges under the purview of the CentralGovernment or other statutory bodies like the AICTE, ICAR, MCI etc. Of the Colleges under UGC purview 6109 have been recognized by the University Grants Commission (UGC)under Section 2(f) and 5525 under Section 12(B) of the UGC Act, which recognition permitsthem toreceive grants from the UGC. In 2006-07, an estimated 13.93 million students wereenrolled in the institutions of Higher Education as against 10.48 million in the previous year and the faculty strength was 0.488 million as compared to 0.472 m in the previous year.Itmay, however, be pointed out that while India has the second largest system of higher education, next only to the US, the total number of students hardly represent 6% of therelevant age group aged between 18 and 23 years, which is much below the average of developed countries (47%) and less than that of developing countries which is 7%.GlobalMBA rankings would suggest that the die is already cast. According to the
Financial Times
'2009 rankings, India account for only one school each among the top 100 MBA programs inthe world, as contrasted with 56 from the U.S. Even this(the Indian School of Business) isthe products of Western alliances. None of the top two purely Indian MBA programs (IIMAhmedabad and IIM Bangalore) make it into the FT Global 100 list. And Indian B-schoolsare reporting disappointing job-placement numbers for their graduates as the global recessiondampens demandfrom would-be employers.Framework of Indian education system
The Indian Regulatory Scenario
All the structures in the Indian Regulatory scenarioare geared towards the public financing of higher education. For this reason, there has not beensufficient emphasis on academic rigor and concentration on output.For example AICTE requires at least 1,200 contact hours for theMBA program, in addition to 6-8 weeks of summer internshipand field projects, divided over
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