It is a cyclic feedback process, whereby energizing engine of educational expansion contributes to economic development and in turn, economic development helps energizing engine of educational expansion. Investment in education creates opportunities that will nurture future talent base, guaranteeing industry-ready professionals with a research mindset. The educated population can adopt to change, absorb new product and new technologies, develop new organization of work and create new product and services which are essential for economic …show more content…
India’s higher education system is one of the largest in the world with 13.6 million students enrolled in 2009, relative to 25.4 million in China and 17.8 million in the United States. As of 2009-10, India’s higher education system consisted of 504 universities and university-level institutions and 25,951 colleges. This makes “higher education in India a highly fragmented system that is far more difficult to manage than any other system of higher education in the …show more content…
There is the need to start giving serious attention – through policy framework – to the 4 A’s : Accessibility, Appropriateness, Affordability and Accountability. Accessibility has to universal in the context of all socio-economic strata of society and across the entire geographical spread of India. Appropriateness has to meet only the aspirations of the individual but also India’s needs and the demands of the Indian society at large. Affordability has to be seen both from the point of view of the individual who (or whose family) should be able to finance their studies from the school right through doctoral programmes, and also the country (how much it can afford to subsidize since available resources for all infrastructure are severely limited). And finally accountability has to be seen first from the perspective of the student who would have trusted the system and the regulators with 16 or even more years of their life in the hope that once she completes their education, they should be able to find the appropriate job or vocation for which they have to dedicated those years to school and colleges. Accountability also has to be to the nation so that there are no shortages of qualified people when the population is so large, and so