Asian Journal of Management
  • Year: 2021
  • Volume: 12
  • Issue: 4

Significance of Privatization in the Education Sector

Research Scholar, Department of Commerce, CHRIST (Deemed to be University)

*Corresponding Author E-mail: bittobennykply@gmail.com

Online Published on 01 March, 2022.

Abstract

The privatization of education has a key role in the development of the economy over the world in the recent years. Privatization leads to the implementation of new education policies to the modern world. The privatization helps in evaluating the problems related to the educational sector. This study tries to examine the significance of privatization in the educational sector. The study tries to examine the major factors influencing the privatization in the educational sector. Further, the research tries to identify the impact of privatization in the educational sector. Data was collected from 45 respondents through the structured questionnaire. Convenient sampling technique was used to collect the data from each respondent. The data was analysed using Average mean. Suggestions were framed as per the findings for making the Privatization more student centric for giving more importance to the educational sector. From this study, meaningful conclusions would be provided for government decision makers. Strategies and implementation procedures would be provided to manage the educational sector.

Keywords

Privatization, Educational sector, Universities, Education Reform, Education policy, Economy