GOVERNMENT SPENDING ON HIGHER EDUCATION IN INDIA: AN ECONOMIC PERSPECTIVE
DOI:
https://doi.org/10.29121/shodhkosh.v5.i1.2024.4958Keywords:
Higher Education, Government, Trend Analysis, Human Capital, EnrollmentAbstract [English]
This paper attempts to estimate the contribution of public expenditure on education to economic growth by using the central government expenditure on education. It has been observed that the public expenditure on higher education is positively associated with increasing gross enrollment ratio and growing higher educational institutions in India. The cumulative growth rate of public expenditure on higher education is 16.18 per cent per annum and GER in higher education growing at 5.75 per cent in every year during the 1991 to 2022. This work suggests to the government that focus must be given on small towns, rural areas, remote villages and backward regions where GER is very low compare to the urban area. Government should allow ability to pay fee policy after studying the unit cost of education at different levels, programmes, quality and scale of higher education. An essential aspect of the fee policy should be discrimination in favour of poor and full cost recovery from the rich.
References
Agarwal, Pawan 2009, Indian Higher Education: Envisioning the Future, Sage Publication, New Delhi. DOI: https://doi.org/10.4135/9788132104094
AICTE – Annual Handbook – 2014, Vocational and Community Colleges and Courses in India, All India Council for Technical Education, New Delhi.
Ambrish Dongre and Avani Kapur (2016), ‘Trends in Public Expenditure on Elementary Education in India’, Economic and Political Weekly, Vol. LI, No. 39.
Bhandarkar 2010, Methodology and Techniques of Social Research, Himalaya Publishing House, Mumbai.
Damodar Gujarati 2011, Econometrics by Example, Palgrave Macmillan Publishers Limited, London.
Duraisamy et.al. 2015, ‘Economic Analysis of School Educational Infrastructure Development in Tamil Nadu’, The Indian Economic Journal, Dec. 2015, pp. 95-106.
Gokcekus et.al. 1995, ‘Human Capital and Efficiency: The Role of Education and Efficiency’, The Journal of Economic Development, Vol. 26, pp. 103-113.
Government of India 2009, Programme of Action on the National Education Policy,Ministry of Human Resource Development, New Delhi.
Government of India 2010, Analysis of Budgeted Expenditure on Education, Ministry of Human Resource Development New Delhi.
Government of India 2014, Analysis of Budged Expenditure on Education 2010-11 to 2012-2013, Ministry of Human Resource Development, New Delhi.
Government of India 2016, Economic Survey 2015-2016, Ministry of Finance, New Delhi.
Padma Ramachandran2005, Education in India, National Book Trust of India, New Delhi.
Planning Commission 2012, Approach Paper to the Twelfth Five-year Plan:2012-2017, Government of India, New Delhi.
SamumenChattopadhyay 2012, Education and Economics, Oxford University Press, New Delhi.
Tilak, JBG 2004, ‘Public Subsidies in Education in India’, Economic and Political Weekly, January 24. pp. 343-359
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Dr. V. Siva Elango
This work is licensed under a Creative Commons Attribution 4.0 International License.
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
