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Exactly! I agree with you, there is no way of ensuring equality for all persons because of privatization. Another important aspect is equality for all genders as well as no casteism can happen in public schools.
One must not confuse privatization with expensive education. Even education institutes by NGOs are private schools. The more private schools, more competition and hence reduction in fees to cope up with competition. And aided private schools are always an option if nothing comes to avail. This is will improve the quality of education which is the main aim of parents and teachers and ultimately the child.