It is difficult to describe the global economic downturn as a sudden gift of fate. But that is exactly what it proved to be for the Indian education sector. As the world economy went into a tailspin, big-ticket salaries for B-school graduates became a thing of the past, and fewer people were willing to pay huge “donations” for a seat in a medical or engineering college. It provided the much-required opportunity to clean the Augean stables.
It also provided an opportunity to ensure systemic changes that would help bring the Indian education sector at par with the best in the world. Minister for human resource development Kapil Sibal made “change” and “reform” his mantras. “Nothing is static. We have to change if we are to compete with global standards and meet global challenges. We have to march forward to be able to compete at the international level,” he said.