NEW DELHI: Coaching for admission
to the IITs and other engineering colleges has acquired the status of a big
industry in India. According to the Associated Chambers of Commerce and
Industry, the size of the industry is Rs 10,000 crore. For more information visit iit coaching
institute in delhi
ASSOCHAM's conclusion is based on
the assumption that six lakh students attend these classes every year and the
average cost for each student is Rs 1.7 lakh, a spokesman for the industry body
told TOI.
The staggering sum of Rs 10,000
crore being netted every year by private academies who coach students for
admission tests can fund 30 to 40 new IITs, ASSOCHAM said. Calling for
deregulation of higher education, ASSOCHAM president Sajjan Jindal said the
beneficiaries of the current system were those running big educational institutions
and coaching centres.
"The amount of money which
goes to these institutions is enough to open 30 to 40 IITs with lots of seats
that can ensure admission to average candidates," he said.
Those familiar with the coaching
industry pointed out that both figures number of students going to coaching
classes and the average cost per student seem exaggerated.
The average cost per student
cited by ASSOCHAM is too high, they said, pointing out that the cost in smaller
cities which have many successful coaching institutes is much lower. They also
said the number of students attending coaching classes could be much less than
six lakh.
TOI had recently done a survey of
the coaching classes at Kota, the hub of the III-JEE coaching industry, and arrived
at a ballpark figure of Rs 550 crore for the size of the industry there. At
least 50% of the students who appear in the entrance tests for admissions to
IITs and other engineering colleges enrol with coaching centres to beat the
cutthroat competition, ASSOCHAM said. For
more info visit iit
coaching in delhi.
The industry body also said that
80,000-90,000 students go abroad for higher studies, leading to a high foreign
exchange outflow.
"If quality institutions are
provided, a large number of students will stay back and contribute to the nation,"
ASSOCHAM said. It said that more institutions of excellence should come up and
suggested that private players and big industrial groups should be encouraged
in higher education.
According to ASSOCHAM, India has
over 12 million students in higher education but fewer than 350,000 faculty
members.