Drop of 56% in shut down and rise in 9% in new colleges witnessed.
It may not be that gloomy as recent reports suggest. According to All India Council for Technical Education (AICTE), 66 colleges including 23 Business Schools have shut their business for the upcoming session which is definitely a significant drop of 55.7 % compared to last academic year.
A total of 149 colleges, of which 76 where Business Schools, closed in the academic year 2016-17. The percentage of newly opened colleges went up by 9.2% i.e. 323 in 2017-18 and 293 in 2016-17.
While management schools witnessed an increase of 23% from 39 in 2016-17 to 48 in 2017-18 when it comes to new MBA/PGDM colleges, as per reports by AICTE.
Out of 66 colleges which have shut, 21 are from Telangana (32%); 10 from Rajasthan (15%), 6 each from Andhra Pradesh (9%), Maharashtra (9%) and Punjab (9%).
Dr. Anil D Sahasrabudhe Chairman, AICTE, during his speech in the Business School leadership conclave 2018, organised by EPSI (Education Promotion Society for India) on April 21st 2018, said, “We need to consolidate good quality education provider. Out of 3334 total management institute, 102 have applied for full closure and many have applied for seat reduction. However now what is most important is that institutes which are continuing should provide education parallel to a global level. We also categorised Institutes into 3 category of NBA Certification. It will be release very soon. We also provide vocation training program to such institute who want to do without increasing no of faculty, space and equipment as well.”
In 2016-17, 149 colleges including 76 Business institutes closed down and in 2015-16, 66 did, according data provided by AICTE. According to experts, it was not-so-good years for the Indian economy.
Shut down college
AICTE has been trying to make considerable efforts towards changing the perceived notion of being a regulatory body to that of a felicitator for providing quality higher education and development. During the 4th Higher Education Summit organized by CEGR, recently, Dr. Manpreet Singh Manna, Director, AICTE said, it is no more about private colleges vs. government colleges and there is no discrimination between a private and a government institute. AICTE is now pro-actively working towards developing overall quality of education being offered and is more a facilitator than a regulator. Prof. Rajive Kumar, Adviser – Policy and Academic, AICTE, sharing similar sentiments earlier during his speech, said that reforms were being planned in examinations patterns with focus on learning outcomes.