HIGHER EDUCATION SYSTEM: IMPACT ON INDIAN ECONOMY

Today, Higher Education is widely deliberated and researched and so has an unprecedented prominence. This paper examines the extent to which Higher Education impacts the Indian economy. If Higher Education is to constructively contribute to the economy then the lacunae need to be identified, isolated and rectified. Indian economy is compared with other Asian economies in the framework of shortfalls in the Higher Education system. The paper also examines the parallel evolution of higher education and economic growth in the country since independence. It also analyses the efficacy of government initiative in this regard.