India is a country with a different background than either China or Russia, as mentioned yesterday. Both China and Russia have had a long period of communism, with regimes that effectively banned capitalism and any education in the principles of business.
However India has a long history of capitalism, both under it's own government and in the days of the Raj. It's higher education systems are largely based on the British systems, and it is open to the ideas of capitalism. Many of it's entrepreneurs have a background of business education. India is buying business education from other countries, and the market for online MBAs is healthy. In many ways for some years this was an easier market for MBAs, as the need for business education was absolutely understood.
Now, MBAs from America are highly valued in India, and with the rise of the economy and the high tech sector in particular, this valuation is likely to continue.
# posted by Mary @ 6:54 PM
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