Globalization and Higher Education in India – An Analysis

Abstract

Education plays a crucial role in socio-economic development of a country. Education is one of the most important factors which influences almost all the demographic variables in different ways. It is also essential for the economic modernization of the societies and potential instrument for bringing about social transformation and for making democracy a success. In the human development approach, education may be stressed more for its instrumental role and for its contribution to equity rather than merely a means to raise productivity and incomes.A more important reason for emphasizing acquisition of basic education in the present milieu of globalization is that it impacts the much sought after flexibility in labour skills and enables the economy to adopt to changing market conditions and maintain its competitive edge.