Globalisation of Higher Education and the Role of the Government
By B. Bhattyacharya
, Distinguished Professor and Director, Institute for Integrated Learning in Management (IILM), New Delhi
1. Role of Higher Education
It is well known that education and health play an important role in boosting economicgrowth and development. If people are adequately educated and healthy, they can participate and contribute more in development process. Education, more particularlyhigher education, can help in increasing efficiency, productivity and internationalcompetitiveness of an economy.With a sustained growth rate of 8 per cent and above of the Indian economy in the recent past, there will be demand explosion for skilled manpower, especially in those sectorswhich can be called ‘sunrise’. Some of these are in the category of service industries andare mostly dependent for further growth on the competitive availability of the requiredskills, upgraded educational level and a global mindset. If the labour markets for theseindustries are not oriented towards meeting these evolving requirements, there will not bea growth in the skilled manpower. There will be upward pressures on the wage rates,which, in turn, will adversely impact the major source of India’s global competitiveness.India has done considerable progress in the sphere of higher education. The number of engineering graduates in India is 350,000 annually, compared to 70,000 engineeringgraduates in the United States, and 100,000 engineering graduates in Europe. India also produces 60,000 MBAs every year. Engineering colleges in the country have beengrowing at 20 percent a year, while business schools have grown at 60 per cent annually -with 348 universities and over 17,973 colleges spread across the country. In the year 2005, more than 2.5 million graduates were added, that included 25,000 doctors and600,000 science graduates and postgraduates.
This paper expresses personal views of the author and should not be attributed to the views of the organizations he is currently associated with. The author would like to thank Dr. Tarun Das, Professor and Head (Economics Area), IILM, for his help in preparing the paper.