Jaipur: Vice-President Jagdeep Dhankhar on Saturday said commercialisation of education was adversely impacting its quality, which was not good for the future of the nation. Coining the term “forex drain“, Dhankhar said a hole of $6 billion was drilled into the country’s foreign exchange reserves by about 13 lakh students who were admitted to institutions abroad in 2024.
Cautioning students against herd mentality and the craze to study abroad, Dhankhar said, quite like “brain drain“, the current trend of “forex drain” needs to be addressed. Speaking at a function organised by a private educational institute in Sikar, Dhankhar said, “I see all around that what began as charitable work has now become commerce. Education becoming a business is not good for the future of the nation.”
Stating that education was never a source of income but a medium of sacrifice and charity to build a healthy society, Dhankhar rued that today it had become a commodity that was being sold for profit. “In some cases, it is even taking the shape of extortion. This is a matter of concern,” he said.
“While educational institutions should be financially sustainable, it is the responsibility of the industry to nurture them from time to time. Corporate houses should use their CSR funds liberally to build institutions and fund new courses,” Dhankhar said.
Cautioning students against herd mentality and the craze to study abroad, Dhankhar said, quite like “brain drain“, the current trend of “forex drain” needs to be addressed. Speaking at a function organised by a private educational institute in Sikar, Dhankhar said, “I see all around that what began as charitable work has now become commerce. Education becoming a business is not good for the future of the nation.”
Stating that education was never a source of income but a medium of sacrifice and charity to build a healthy society, Dhankhar rued that today it had become a commodity that was being sold for profit. “In some cases, it is even taking the shape of extortion. This is a matter of concern,” he said.
“While educational institutions should be financially sustainable, it is the responsibility of the industry to nurture them from time to time. Corporate houses should use their CSR funds liberally to build institutions and fund new courses,” Dhankhar said.
timesofindia.indiatimes.com