Dear All,
I have been really disturbed by this increasing trend or mania of parents across all communities in India to literally dispatch their sons and daughters to foreign lands for education. There are two categories: 1) one set of parents who want their children to start from undergraduate education 2) another set of parents who want their children to do post graduate studies leading upto Phd programme.The following i think are the bottlenecks? Can they ever be resolved even with a progressive regime under Modi? Aguments for going abroad?
1) First and foremost is the assumption that foreign degree and foreign job increases a boy's or girls' prospects in the marriage market. You connect with the right families and go into upwardly mobile middle class or rich families. Life is cool after that ,. is it really cool? Are there culture clashes?
Are all these assumptions valid today as western nations still struggle to come out of recession and china and india seem to be insulated against the crisis.
Arguments against or demystifying life abroad today/
1) Life is very tough abroad. Uncertainty of jobs. No one knows when one is going to get the pink slip
2) 2nd class citizen abroad though with better civil and other facilities than India?
3) We all know how recession devastated people on the home loan front -- distress sales etc inability to repay loans etc, stock market crash reduced values and liquidity. Cost of health care prohibitive an simple X ray costs as high as US $ 250 against Rs 250 to Rs 500 in India depending on the lab.
4) All domestic aid services frightlfully expensive. Home rentals not less than US $ 1,000 ( Rs 60,000) for a small home. And in the distant suburbs.
yet people people prefer a life abroad : is it because a US $ earns 60 rupees and the NRI accounts burgeon, climate is better, moderate climes overseas and hostile climate in India, business and working atmosphere better abroad as Indian office system is hierarchial and bureaucratic and initiatives are suppressed, access to good health care still restricted to the rich? no proper national schemes in the country as in Canada, UK or Australia?
After reforms business environment has improved, lesser controls, lesser paperwork, lesser corruption, better salaries, better facilities, better access to modern technology and gadgets (tv mobiles laptops desktops broadband 3G and 4G etc) and yet people want to go abroad> Why ? Yet there is still something rottne in the state of Denmark (shakespeare)( India)? is that why?
Have seen many lower and middle class parents distressed by the foreign education mania that they borrow beyond their means to finance their childrens education and having a tough life after retirement. Banks are tough in recovering these loans, though onus falls on the children now. Many are selling homes to move into old age homes because there are no children to look after them and old age makes it difficult for them to maintain their home by themselves or face hassles of fighting with civic authorities over inflated electricity and water bills.
Can we have a debate on this?
--
TN Ashok
Corporate Consultant,
Corporate Consultant,
(Public Affairs/ Media Advisori
Resident Editor, Industrial Economist,
Contributor, Business Line,
Ex Economics Editor, PTI,
Ex Communications Advisor,
Alstom Group of Companies SA France
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Posted by: "T.N.Ashok" <ashoktnex@gmail.com>
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