A Balanced Score Card Approach for Institutes of Higher Education
In its size and diversity, India has the third largest higher education system in the world, next only to China and the United States. India’s $86 billion education sector is increasingly joined by private players in its rapid expansion. Moreover, the Cabinet has cleared the bill that will enable foreign universities to set up campuses in India. This clears the entry barriers for established and prestigious global institutes and universities, waiting to enter the Indian markets. Ironically, this has also sounded alarm bells for our already existing players, who have almost always compromised on ‘quality’, as the demand for education in India has been always more than the supply.