Indians are known to value education. Traditionally, the learned — especially the teacher, the guru — have been much respected, even revered. In the contemporary world, parents are willing to make monetary sacrifices to ensure their children get a good education. The poor spend hardearned money to pay the relatively exorbitant fees of a “private” school rather than sending their children to a free government school, only because they feel the former provides better education.
Given this context — of demand, of respect for education and of willingness to pay — one would assume that market forces would. . .
