Privatization has entered every nook and corner of the country claiming around 90% of the total industrial and organizational sectors. Being the second most populated country and having around 70 percent of people under the age of 25 it is quite obvious that providing quality education to them will ensure a sustained and sound economy. On the contrary, the incapability of the government to cope up with the expanding population keeps on increasing. Thus providing an easier way for the private entities to penetrate into the education sector.
According to dictionary the word commercialize means “To render commercial, make a matter of trade or the subject to commercialism. In other words a business method that exploits mainly for profit at the expense of quality.
The positive side of privatization:
Stats suggest that unemployment Rate in India is 3.46 percent in 2016. Unemployment Rate in India averaged 4.08 percent from 1983 until 2016, reaching an all time high of 8.30 percent in 1983 and a record low of 3.46 percent in 2016. Increase in employment rate has to be definitely considered a positive angle, as in India getting a job is like a dream come true
The negative side of privatization:
Even though in the past few years the literacy rate in India is increasing in a well fashioned manner, commercialization of education is the worst thing that could ever have happened. Let’s look internally how privatization is a huge pit-fall that could cost you more than imagined
1. Growth of incompetence
India has become a dirt-pool where educational institutions proliferate like mushrooms and there is none to cleanup! Foremost among these are the engineering and medical colleges which have become clubs of incompetent youngsters.
2. Economic degradation
It is a well known fact that India is regarded as a service based country, the youngsters who were not provided with a quality education are bound to work in service sectors. The manufacturing and production industries are the major sectors which provide a major push to the economy of any country. Since the college exiting people were not equipped with the required skills to get themselves accustomed with these sectors the economy of our country gets a deep dip.
3. Deterioration in Educational value
At this point most of you would have encountered these questions in your mind. How did the educational value became poorer? What does it matter whether the education is privatized or not? Just because education is privatized is it to be considered that the one provided is of poor quality?
All these can be answered with the help of a quote. Albert Einstein once said that “Education is what remains after one has forgotten what one has learned in school” if this true then today most of us would remain with a zero percentage of education with us. This happens as the privatized education systems provide its curriculum just for the sake and failing to implement a practical vision over the subject makes it difficult to retain and the students also fail to build the habit relating the theoretical concepts into its practical counterpart.
4. Making huge money in the name of Quality education
The main objective of private entities is to mint money in every angle they could possibly do. The cost of education has increased by nearly 10 folds in the past decade. People gradually induced an idea into themselves that quality is directly proportional to the cost; this makes them invest a lot of money to get quality education. The bitter fact is that the return on investment is turning out to be quite bad.
Validating these aspects we could conclude that the pros of privatization are minimal to nothing when compared to its cons. In order to escape this commercialized sector, one should start utilizing the free resources available. For example, instead of paying a private tutor a lump-sum, we can learn/study the same using YouTube and online sources. In this digitized era it is an absolute plausible statement that most of the valued information can be attained free either in text format or in video format via the internet. It’s our responsibility to provide subsidized/free and quality education to our fellow members and to the upcoming generation. Stand high and make a change.