A degree is supposed to be a guarantee issued by an organization that someone has met that organization's standards for some dicipline. In theory, those degree

A degree is supposed to be a guarantee issued by an organization that someone has met that organization's standards for some dicipline. In theory, those degrees are valuable to businesses because they assure some baseline competency from prospective hires. It sounds like many organizations in India have significantly reduced their standards or are awarding their degrees to unqualified people. So why do businesses continue to value degrees issued by those organizations?