A study on the impact of globalisation on the educational institutes in India

Varudhini Chirumamilla and Nilesh Pandya varudhinich@gmail.com,nilesh.pandya1@gmail.com Mob: 09913121611 Sanskriti School of Business, PGDM Programme, PO: Harni Virod Road ,Dist: Vadodara-390022

The education system in India continued to be based on the colonial legacy of bureaucratic administration even after sixty years of independence. But, under globalization and liberalization policies of the government, higher education has acquired a new interpretation of increasing credential value, where the degree per se is more important for securing a highpaying job, than for acquiring specific knowledge and skills. This is reflected in the employment pattern of the graduates and post graduates After twenty years of ushering in the era of liberalization and rapid industrial growth, India needs to ask itself fundamental questions: Have the institutes (private/public) fulfilled the role of providing qualified and skilled manpower to Indian industries? Can we measure the contribution of qualified people in the productivity of a firm? The colleges across the country are producing hundreds of thousands of qualified people every year, but what kind of employment opportunities exist for them and

what do they seek? These are in fact interesting questions to be dealt with therefore A study is done on the impact of globalization on education in India and the paper highlights the concerns and implications by collecting secondary data. It also throws light on the strategies to be followed to overcome the problems.