Privatization of Education In India
Privatization is the process in which, assets, management and responsibility are transferred, which was previously owned by the state to private actors. In the Indian context, India has the third-largest higher education system in the world. India has more than 250 universities, over 10,500 colleges. The Indian education system is the legacy that we have taken from the British Raj.
India has both private and government-supported schools and colleges. India has an intricate and developed system of higher education. Their universities generally require accreditation of the University Grant Commission in order to enter the education market. The question however is, are the private universities just using education as a tool to mint money.
Education seems very prominent on their agenda when it comes to private universities. They have a very strong persistence in the quality of education. To set up a private education enormous investments are required. Thus results are also very crucial. The facilities, state of the art technologies, accommodations, enable the overall growth and development of the students. More significantly in commerce and engineering colleges, the placements of the student, holds the reputation of the university in the education market.
Education and human development is our fundamental right, and private universities provide education as a service. Satyam Nadella the current CEO of Microsoft, for instance, is the product of Manipal Institute of Technology, giving the name of the university a grand boost. The influx of private universities also gives a call to competition amongst universities, making individuals strive harder for personal success.
However, it has given rise to cut-throat competition, and the pressure on the student surmounts the quality of education. The reason is that universities aim for a cumulative success rate. Corruption too becomes rampant as admission seats are bought and sold, by the universities go-betweens. If these situations are tackled and the management starts emphasis on the quality of education and students, rather than the quantity, the privatization of the education system will be a boon to India.
