IDEAS home Printed from https://ideas.repec.org/p/msm/wpaper/2012-01.html
   My bibliography  Save this paper

Sustainable Development of the Higher Education Sector in India for Catalyzing Services-Driven Growth

Author

Listed:
  • Seema Joshi

    (The author is working as Visiting Professor to Indian Council for Cultural Relation’ s (ICCR’s) recently constituted Tagore Chair, the Department of Indian Studies –Faculty of Oriental Studies, University of Social Sciences and Humanities in Ho Chi Minh City, Vietnam. She was also a And participant in the MsM Annual Research Conference, November 2011)

Abstract

In a knowledge-intensive world driven by information technology, primary education is a must but the importance of higher education cannot be ignored. This current era of globalization has offered immense opportunities. But people must have the necessary knowledge, skills, capacities and capabilities to seize those opportunities. Herein lays the role of education and especially higher education in building up and improving human capital. Since the economic growth of India in recent years is driven primarily by services sector and within services sector by IT and ITES the sustainable development of higher education is not an option but imperative. In this light, the paper raises the following questions: Where does India’s higher education stand today? What are the challenges confronting this sector? And what are proposed reform measures in this sector? The paper concludes that there is a serious mismatch between demand and supply in higher education sector. It is imperative therefore to enhance Indian talent pool by reforming higher education system to maximize the potential of IT and ITES on the one hand and to catalyze the country’s growth driven by services sector on the other. The expansion of the higher education sector and improvement in its quality can assist India in avoiding the unemployability of graduates on the one hand and the phenomenon of ‘missing teachers’ on the other. In addition it can ensure inclusive growth by making higher education accessible and affordable. India’s Eleventh Five Year Plan is aiming at enhancing public spending, encouraging private initiatives and initiating long major institutional and policy reforms to bring about positive changes in India’s education system. The outcomes will depend upon political commitment and good governance.

Suggested Citation

  • Seema Joshi, 2012. "Sustainable Development of the Higher Education Sector in India for Catalyzing Services-Driven Growth," Working Papers 2012/01, Maastricht School of Management.
  • Handle: RePEc:msm:wpaper:2012/01
    as

    Download full text from publisher

    File URL: http://web2.msm.nl/RePEc/msm/wpaper/MSM-WP2012-01.pdf
    File Function: First version, 2012
    Download Restriction: no

    References listed on IDEAS

    as
    1. George Psacharopoulos & Harry Anthony Patrinos, 2004. "Returns to investment in education: a further update," Education Economics, Taylor & Francis Journals, vol. 12(2), pages 111-134.
    2. Pawan Agarwal, 2006. "Higher Education in India: The Need for Change," Working Papers id:576, eSocialSciences.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    human capital; information technology; higher education; economic growth.;

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:msm:wpaper:2012/01. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maud de By). General contact details of provider: http://edirc.repec.org/data/msmmmnl.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.