A two- fold increase in the fees of private schools, especially in metropolitan cities, has led to a scenario wherein even well- to- do parents prefer to have a single child, an industry body study has said.
t39alt39alt39School expenses on a single child have gone up to Rs 1.2 lakh per annum in 2011 from Rs 60,000 in 2005. Rising fees in most of the private schools have deterred even rich parents from having more than one child,alt39Assocham study said.
The chamber has surveyed about 1,000 mothers ( both working and nonworking) in major cities like Delhi, Mumbai, Kolkata, Chennai and Pune.
The study said that parents prefer to have dual income as their kidsalt39education expenditure has increased sharply. Education expenses include uniforms, books, stationery, transport, sports activities, school trips, contributions to upgrade schools and school aid. alt39alt39alt39alt39An estimated over 60 million children are now educated in private schools and their fees are increasing day- by- day. It is hitting parentsalt39budget hard and potentially having a direct impact on childrens schooling,alt39said Assocham Secretary General D S Rawat.
The survey further said the majority of parents on an average spend up to Rs 25 lakh on their childs education by the time he or she graduates from high school.
The study also said private tuition fees have witnessed an increase of up to 60 per cent in the last six years. alt39alt39alt39alt39Many schools conveniently tell parents to engage private tutors for their kids in order to score higher marks,alt39it said. PTI
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