An Analytical Study on the Rise and Impact of Privatization of Higher Education in India

Abstract

A global phenomenon is higher education. The nation's overall development, including the industrial, social, economic, and political aspects, depends heavily on the higher education system. After the United States, India has the second-largest higher education system worldwide. With the launch of the Liberalization, Privatization and Globalization (LPG) Policy in 1991, higher education began to be privatized. In India, new policies and programs were created as a result of the privatization of higher education in order to boost employment, results, and income prospects as well as to accomplish economic development at the regional, state-by-state, national, and international levels. The educational landscape in India has changed drastically as a result of it. In order to address the rising need for education, privatization encourages both the individual and society to develop schools, colleges, and private universities. Private educational institutions are thus expanding nationwide on a daily basis. There are both positive and bad effects of higher education privatization on society and education in India. Therefore, the main goals of this essay are to describe how privatization came to be a part of Indian higher education today and to evaluate its effects. Additionally, some recommendations for privatizing higher education were made in this article.