A STUDY ON PRIVATISATION OF HIGHER EDUCATION IN INDIA- PROBLEMS AND PROSPECTS

“Education is the most powerful weapon which can be used to change the world.” This beautiful thought had been voiced out by Nelson Mandela, and it is important to provide quality education by any country to the younger generations. Progress of the World is possible only by educate the people. India has world’s third largest higher educational system, next to China and United States. The vision and mission of higher education is to meet the societal requirements such as equality, justice, quality, employability, inclusiveness, all round development of an individual and create a resourceful economy. The inefficient administration, outdated practices and policies, red-tapism and insufficient funds leads to break down of traditional form of educational system.

To overcome such difficulties government thought of privatisation of higher education system in India. There are three forms of privatization of higher education institutes- Government self-financing institutes, Government aided private self-financing institutes and completely private higher education institutes. The present study focused on the problems and prospects of privatisation of higher educational institutions in India. Definitely some negative impact is there on the issue. But always advantages are also bind with the change. The present conceptual paper focused on consequences of privatisation with prons and cons, would like to offer suggestions on the present topic.