Higher Education Economic Development Demographic Dividend, RUSA
The higher education system in India has a definite bearing on the economy. The nexus although has been researched considerably, this research enquiry points to disparity within the economy as well as the countryâ€™s economic performance in comparison with the Chinese economy in the framework of shortfalls in the higher education system. For higher education to contribute constructively to the economy, the systemic lacunae must be isolated and rectified. The paper examines the concern by delving into a chronological survey of the evolution of higher education and economic growth in the country since independence up to the present period wherein the privatization of higher education has occupied centre stage. Further, the study takes stock of the present Government initiatives that have been undertaken in this regard and makes inquiries into the scope of their application and assessment of their merit.
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