The first question is - what went wrong? Only then can we address the other questions better. The trigger of the poor quality was the huge hungry demand back-log for education because of pre-independence regime’s regulatory inertia had starved supply of education. So when de-regulation started in mid-90s in many states [who followed the 4 states of AP, TN, Karnataka and Maharashtra], any capacity was good capacity. The colour was glee. There was no other CSF for success. Just get started. So while one CSF [resourcefulness] became pre-dominant in, two other critical dimensions – i.e domain capabilities and industry orientation took a serious back seat. Outside the 4 states mentioned above, most entrepreneurs [or edupreneurs as I like to call] who got into were under / unemployed graduates looking for a career or small time businessmen looking for low payback period businesses and who had expertise in running unorganized businesses and who thrived in an environment that required rent se...