Friday, August 12, 2011

Minting money from your dream !

Gone are the days when coaching classes were run by the middle-aged former teacher down the road or your neighbour's daughter ran a tuition centre from a ramshackle room. Now it's as formal and organised sector as any other and is housed in a commercial building.A decade or two back the word coaching or tuition was an option for the weak students, but now Private academies that train students for entrance exams of the Indian Institutes of Technology and other prestigious engineering colleges mint Rs.100 billion ($2.30 billion) a year - an amount that can fund 30 to 40 new IITs, shows a study by an industry body.Why there is an urge to go to a coaching class ?

Arakshan ! Reservation is the main cause which gave a thrust to the coaching classes ,most of the students who are in reserve class lack in self esteem and self confidence as they know there is a stiff competition .Same with the general category students as they think they have to get better marks in competitive exam to join any course so they take shelter at coaching classes .



Parents also want the kid become an engineer so that they can command a respect in the society for this many take loans and admit there kids to coaching class as early as 8th standard and hamper their childhood .here the child is reminded every now and than that a huge sum of money is invested on him and he is expected to come out with flying colors in exams. 


India has over 12 million students in higher education but fewer than 350,000 faculty members.This uneven student teacher ratio force the country to categorize the education institutes and so we have less of quality institutions so coaching has become a requirement to get admission in these quality institutes or leave the country for higher studies to foreign.Talking about another anomaly in higher education about 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.


This coaching phenomena is too dangerous as there is coaching available for almost everything from pre nursery onwards .Value system is faded and competition has replaced it slowly and now it is high time that we look into this !