Landscaping Higher and Technical Education through Investment in India

Education has played a pivotal role in the development of Indian economy. Demand for higher and technical education has been increasing phenomenally but growth of investment in education has lagged behind the growth of demand for and enrolments in higher, technical and professional education resulting in vicious cycle of low quantity of quality inputs and lower quantity of lower quality output of manpower. Incidentally there is severe scarcity of high quality of faculty. This paper focuses on investment in higher education and seeks to determine trend growth. Decomposition model (Shri Prakah, 1994) is used to determine the contribution of growth of enrolments and unit cost separately and jointly. Quality is assumed to be associated with the inter-temporal rise in unit cost.