National Research Conference (NRC) Press Release
'Govt should move from licensing of education to its regulation: Bibek Debroy, Member, Niti Ayog
31 March 2015, New Delhi: “There is no incompatibility between Saraswati and Lakshmi,” said Bibek Debroy, Member, Niti Ayog at the National Research Conference on management education organized by All India Management Association (AIMA).
Debroy argued that there was nothing wrong with education providers making profits. The poor could be assured access to higher education by devising systems of access, such as direct government support, he said. He pointed out that the poor preferred to send their children to private schools and the private supply was only beginning to emerge at the higher education level.
“The government needs to move away from licensing of higher education to its regulation,” the Niti Ayog member said. He attributed the closing down of many B-Schools to easy licensing, which had led to overcapacity.
Debroy said that to ensure quality, India needed third-party audit and ranking of B-Schools done by organizations like AIMA. “The present rankings lack complete disclosures,” he said, adding that parents and students needed to know the permanent faculty’s qualifications, placement records, utilization of the funds, etc.
Rajan Saxena, Vice Chancellor, SVKM’s Narsee Monjee Institute of Management, said that AICTE had been a bad regulator and because of its poor regulation, management education now faced questions of credibility and relevance in the market. “Management education needs empowerment, not controls,” he said.
Saxena blamed the B-Schools also for the declining enrolments. “B-Schools teach change management but they resist change themselves,” he said. Everybody teaches the same things and there is a lack of focus on management skills, he said. “The market expects management graduates who can deliver results,” he said.
Rekha Sethi, Director General, AIMA highlighted that India’s management education system had become one of the world’s largest with nearly 4,000 B-Schools yet it had declined in its value proposition because of rising MBA fees and falling salaries. “The disconnect between management education and the market has become a major issue,” she said.
AIMA’s National Research Conference will continue till 1 April and will involve intensive discussions on the urgent challenges and opportunities facing the country’s management education system. The speakers the conference include distinguished academics, B-School heads, corporate leaders and the government’s policy thinkers.
All India Management Association (AIMA) is the national apex body for management in India. Over the last five decades, AIMA has contributed immensely to the enhancement of management capability in the country.
AIMA has a broad base of 62 Local Management Associations including two cooperating LMAs abroad, with a membership crossing 30,000 in number. AIMA is a non-lobbying organisation, working closely with Industry, Government, Academia and students to further the cause of the management profession in India. AIMA is represented on the Boards of India's premier Business Institutions like Indian Institute of Management – IIMs. AIMA is also represented on Boards of Government bodies including the All India Council for Technical Education, National Board of Accreditation, National Productivity Council to name a few.
AIMA makes a salutary contribution to management learning and practice in the country by offering various services in the areas of testing, distance education, research, publications and management development programmes.
AIMA brings to the Indian managers, the best management practices and techniques through numerous foreign collaborations with professional bodies and institutions. AIMA is a member of the Asian Association of Management Organisations (AAMO) and works closely with several international management institutions like Robert H Smith School of Business at the University of Maryland, St Gallen Foundation etc. in organising international conferences and management development programmes. To know more, please log on to www.aima.in
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Ranjana Bhardwaj 9313342654