"Medical education in India at crossroads" by S.K. Rao "The latest judgment of Supreme Court on NEET resulted in steep increase in the capitation fee, clearly defying the logic of economics where increased supply is supposed to reduce the demand. The government’s claim that in four years, the under graduate seats in MBBS profession has increased from 26,000 to about 50,000 would have reduced the cost of per medical seat in private sector. However, the ever increasing demand for medical seats by aspiring students and their anxious parents created a window of opportunity for the private institutions to charge exorbitantly which has been highlighted by various media exposes. It is not a surprise that an MBBS medical seat which is to be “sold” for about `25-30 lakhs few years ago, is now for grabs for `65-70 lakhs, leave aside steep increase in prices of PG seats."
Posted on: Tue, 03 Sep 2013 08:49:35 +0000
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