Friday, April 20, 2007
The IIT coaching industry in Kota is likely to witness a downslide in coming years. And with this, the overall economy of the city, which is largely based on IIT-JEE coaching.It will result into an overall shrinkage of 15% in the annual turnover of the coaching industry, which is estimated to be sitting at Rs 250 crore.Every year more than 20000 students land at Kota to realise their IIT dreams. Of which, around 1,500 students succeed, which is one-thirds of the total seats of IITs and allied institutes.The trend was quite evident in the last IIT-JEE examination. In 2006, more than 3 lakh students appeared for the IIT-JEE while this year, less than 2.5 lakh competed for around 4,600 seats.Apart from coaching institutes, hostel owners and other ancillary businesses have started feeling the heat.