The college shakeout is overdue, and important - The Times of India
India now produces more engineers and MBAs than the US and China combined. Our annual output of 15 lakh engineers and 3 lakh MBAs is way ahead of the US (1 lakh engineers and 1.25 lakh MBAs) and China (11 lakh engineers and 75,000 MBAs). This is not all dysfunctional; India's population is much larger than the US and China's lack of elections means it faces less political pressure for higher education expansion than we do.
India now produces more engineers and MBAs than the US and China combined. Our annual output of 15 lakh engineers and 3 lakh MBAs is way ahead of the US (1 lakh engineers and 1.25 lakh MBAs) and China (11 lakh engineers and 75,000 MBAs). This is not all dysfunctional; India's population is much larger than the US and China's lack of elections means it faces less political pressure for higher education expansion than we do.