Higher Education in India: Present Status and Path Ahead Prof. Hiwarkar Amruta1, Prof. Nirbhavane Sushil2, Prof. Rawat Poonam3 1Assistant Professor, MAEER's Maharashtra Institute of Technology MBA Department (DMSR) Kothrud, Pune-411 038, Maharashtra, India 2Assistant Professor, MAEER's Maharashtra Institute of Technology MBA Department (DMSR) Kothrud, Pune-411 038, Maharashtra, India 3Assistant Professor, MSAEER's Maharashtra Institute of Technology MBA Department (DMSR) Kothrud, Pune-411 038, Maharashtra, India Online published on 8 August, 2018. Abstract Globalization has brought drastic changes in the economies across the globe and changed the way industries function. With changing needs of the industry, the institutional framework in the country is changing. Knowledge has emerged as a driving force in the rapidly changing economic environment resulting in both challenges and opportunities. In such a scenario, education in general, and higher education in particular, has clearly become a crucial determinant of economic growth. Though Higher Education in India has seen a phenomenal growth in the last decade, it doesn't really look to be in line with the challenges posed by the globalization. As quoted by Aristotle “Education is an ornament in prosperity and a refuge in adversity.” Education is the most significant and essential input for the growth and prosperity of a nation. It provides strength and resilience to enable people to respond to the changing needs of the industry and economy. Education is the backbone of all national endeavors. It has the power to transform human beings into human resource. We cannot build a sustainable and prosperous nation without human resource development which mainly depends on the health and vitality of higher education. Apart from primary and secondary education, higher education is the main instrument for development and transformation. Higher education has the omnipotent role of preparing leaders for different walks of life: social, political, economic, cultural, scientific and technological. Higher education has special value in the contemporary knowledge society which contributes both directly and indirectly to the wealth of a nation. Top |