Impact of Privatisation of Education in Indian Society

Abstract

This paper aims to analyse the impact of privatisation of education in the Indian society. The government of India introduced new economic policies namely globalisation, privatisation and liberalisation to increase employment, output and income opportunities and achieve economic development at international level. Privatisation has brought about rapid change in the educational scenario of India. It is seen that privatisation encourages the individuals and religious organisations to establish colleges and deemed universities to meet the growing demand for higher education. Consequently, higher educational institutions are found throughout the  country . It not only increases the number of higher educational institutions but also increases the number of seats for highly demand courses such as engineering and medicine. Moreover, it decreases the distance between the educational institutions . It causes competition among them to fill the seats allotted by the affiliated universities and maximize socio- economic benefits. However, it creates the gap between the demand and supply of higher education. It not only increases the cost but also decreases the quality of education. Thus, privatisation has positive and negative impact on education and society. Hence, the present study is an attempt to analyse the impact of privatisation on the growth and demand and supply of higher education and on society at micro level.

Keywords: Economic goods, employment opportunities, globalisation, higher education, liberalisation, materialistic society, privatisation