Declare education 'for profit': Educationists, private schools urge govt

It is an open secret that school owners make money - at times hand over fist - but maintain that they are not for profit

Sir Richard Branson once famously said: “If you want to be a millionaire, start with a billion dollars and launch a new airline.” The opposite, many argue, holds true in the case of school education in India. Set up a school with Rs 100 crore and you’ll soon have Rs 1,000 crore in the bank. This despite the fact that education in India is “not for profit” by definition.
 
The charade under which the sector has been operating is now being questioned. A growing lobby of school founders and owners of school chains is urging the government to declare