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Education inflation surges in India
short by Kushal Lodha / on Sunday, 15 September, 2024
Consumer price inflation is around 6%, but education inflation has surged to 11-12%. This rise is driven by the limited supply of ‘Tier-1’ colleges. Despite the addition of 7 IITs, 7 IIMs, and 15 AIIMS since 2014, these new institutions still fall short of meeting the demands of India’s population, worsening the affordability crisis.
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