The global economic meltdown of 2008-09 fiscal has come as a blessing in disguise for the Indian education sector. What happened as a result of this financial catastrophe of epic proportions was that the salaries of the graduates of the well known business schools came down and the amount of donations given to medical and engineering colleges was reduced to a significant extent. This global economic slowdown actually helped the Indian education sector get back on its feet. Efforts were started to shake up the system and bring at on an equal footing with the best in the business on a global scale
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