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Education is the fourth necessity for man after food, clothing and shelter, in today’s competitive world. Education is indeed a powerful tool to combat the cut-throat competition that man is faced with at every junctures in life. The importance of education in India is indeed rising with passing time. Though India has always been a great source of learning for many years, it still needs to improve not just on the quality of education but also on the number of people being educated.
It is after the 1991 reforms that India entered into a different phase all together. Privatization and globalization helped to bring world class education to India. Today universities across the world are joining hands to open their branches in India. While Some of the country's top universities are IITs (Indian Institute of Technology), IISc (Indian Institute of Science), IIMs (Indian Institute of Management), AIIMS (All India Institute of Medical Science), ISI (Indian Statistical Institute), NITs (National Institute of Technology), BIT's (Birla Institute of Technology), TIFR (Tata Institute of Fundamental Research) and ISB (Indian School of Business) which are known for their quality education.
Higher education in India is indeed gaining distinct importance in specific cities across India. Even though the private sector is strong in imparting higher education in India, there are systems of accreditation that are required by law. With the growing needs of the industry for world class managers, the institutes offering MBAs has also gone up in the last few years. There are over thousand recognized institutes offering MBA in India.
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