Future of B - Schools in India
B-schools in India have realized that collaboration with Foreign institutions is the need of the
hour. This has enabled them to revamp their curriculum to stay in tune with the globalized
environment. It has also increased their reputation by enabling them to increase their
ranking/rating. Having interaction with Foreign institutions through Student exchange and
Faculty exchange has enabled them to upgrade their knowledge and standards. The research done
on the €Future Scenario of B-Schools in India (with special reference to B-schools having
collaboration with Foreign Institutions) will encourage other B-schools not having collaboration
with Foreign Institutions to know the importance of such a collaboration.
Liberalization of the Indian economy, a process that began in 1991, led to a robust growth in the
Indian economy, which resulted in a rise in the number of families able to afford and spend more
on education. The average household income is expected to increase 3 times by 2025. With
rising household incomes, the number of households with the ability to pay large sums for higher
education is increasing.
Today, India is the third largest higher education system in the world (after China and the
USA) in terms of enrolment which in 2009-10 was around 13.64 million, there are around 5 to 6 thousand MBA Colleges in Bangalore itself and each MBA College in Bangalore claims that are the best. However, in terms of the number of institutions, India is the largest higher education system in the world with 26,455 institutions. The key factors accelerating the demand for higher education in India is that a majority of India's population lies between the ages of 15-59 years (medium age-56.9%), resulting in a low dependency ratio and a substantial working population relative to other countries.
International cooperation in higher education has now started to gain importance. With the increased development of transport and communication, the global village is witnessing a growing emphasis on international cooperation and action to find satisfactory solutions to problems that have global dimensions with higher education is sought after. India has been in the forefront to adopt the new information society technologies such as distance education and the internet to forestall the further widening of the gap between itself and the advanced countries. International cooperation in education is seen in this context of partnership rather than aid where countries assist each other by sharing their successful experiences, technologies, material and financial resources and learning to appreciate each other's cultural heritage. International cooperation has also been an important focus area in promoting quality of higher education in India. According to the results of a special survey €Higher education is already a global business. Career orientation and money making increased competition among students made students to invest more on education by going abroad in order to acquire better education and intense knowledge in short period of time€. India recognizes that the new global scenario poses unprecedented challenges for the higher education system. The days when higher education was a matter of national policy and government regulation are rapidly fading. I study in Bangalore and today almost each institute claims that they are Best MBA College in Bangalore. Higher education is now globalized and in many ways, a commercialized affair. Thus, a multi-dimensional impact on the system of education has started to take place in India.
hour. This has enabled them to revamp their curriculum to stay in tune with the globalized
environment. It has also increased their reputation by enabling them to increase their
ranking/rating. Having interaction with Foreign institutions through Student exchange and
Faculty exchange has enabled them to upgrade their knowledge and standards. The research done
on the €Future Scenario of B-Schools in India (with special reference to B-schools having
collaboration with Foreign Institutions) will encourage other B-schools not having collaboration
with Foreign Institutions to know the importance of such a collaboration.
Liberalization of the Indian economy, a process that began in 1991, led to a robust growth in the
Indian economy, which resulted in a rise in the number of families able to afford and spend more
on education. The average household income is expected to increase 3 times by 2025. With
rising household incomes, the number of households with the ability to pay large sums for higher
education is increasing.
Today, India is the third largest higher education system in the world (after China and the
USA) in terms of enrolment which in 2009-10 was around 13.64 million, there are around 5 to 6 thousand MBA Colleges in Bangalore itself and each MBA College in Bangalore claims that are the best. However, in terms of the number of institutions, India is the largest higher education system in the world with 26,455 institutions. The key factors accelerating the demand for higher education in India is that a majority of India's population lies between the ages of 15-59 years (medium age-56.9%), resulting in a low dependency ratio and a substantial working population relative to other countries.
International cooperation in higher education has now started to gain importance. With the increased development of transport and communication, the global village is witnessing a growing emphasis on international cooperation and action to find satisfactory solutions to problems that have global dimensions with higher education is sought after. India has been in the forefront to adopt the new information society technologies such as distance education and the internet to forestall the further widening of the gap between itself and the advanced countries. International cooperation in education is seen in this context of partnership rather than aid where countries assist each other by sharing their successful experiences, technologies, material and financial resources and learning to appreciate each other's cultural heritage. International cooperation has also been an important focus area in promoting quality of higher education in India. According to the results of a special survey €Higher education is already a global business. Career orientation and money making increased competition among students made students to invest more on education by going abroad in order to acquire better education and intense knowledge in short period of time€. India recognizes that the new global scenario poses unprecedented challenges for the higher education system. The days when higher education was a matter of national policy and government regulation are rapidly fading. I study in Bangalore and today almost each institute claims that they are Best MBA College in Bangalore. Higher education is now globalized and in many ways, a commercialized affair. Thus, a multi-dimensional impact on the system of education has started to take place in India.
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