Privatization of higher education in India- issues, challenges and sugestions

In size India has third largest higher educational system in the world, next to China and to United States. It grows rapidly after independence. In terms of the number of educational institutes, India has an upper rank in the world. It consists of three phases as funding, philanthropic to public and then to private financing. Changing patterns have altered regulations, equity, efficiency and quality of higher education. Indian society is a mixed society consisting of a large number of haves and a same number of have-nots. So in Indian social structure, educational system cannot be privatized as in the developed states of the world. It is necessary to allow the private players to enter in the field of higher education under such provisions that the basic concept of the welfare state should be protected and it remains in the reach of every citizen. . The size of increased demand and its projected growth , clearly indicate the need of new institutions imparting quality education in the subject areas of contemporary relevance and job opportunities.