Importance of Private Education Sector in Developing Higher Education
Abstract
One of the modes to enhance the knowledge and range of obtaining employments is education. The information and intellectual capacity that is accumulated during our lives enables one to confidently cross the hurdles faced. In the last few decades, higher education system in India has attained newer dimensions with a tremendous increase in the enrolment of students crossing twenty million admitted to more than seven hundred universities across the country. These admissions have been done into around 3500 affiliated institutions, an exclusive target that was attained with the participation of the private sector. The contribution of the private sector being as high as 30% by the end of 2020. The private universities and institutions with their world class standards have played a key role in the fiscal development of the country. The present paper aims at attaining a bird’s eye view of the higher education scenario and the importance of private institutions in the development of newer goals, catering to the needs of the modern society of the 21st century (Mishra and Vasisht, 2017) It highlights the influence of private education system in building quality education and explores the needs, challenges of private education system in present society as well as analyses the role of private sector in the economic development of the country.
