Is government really sensitive towards financing higher education in India: An empirical evidence
In terms of expenditure on education as a percentage to GDP, India lags behind most of the developed nations and makes higher education expensive and inaccessible to many deserving students. The purpose of the present study is to understand the trend set in Govt. policy towards financing higher education and to project that with the existing trend whether Govt. can reach the goal of education to all by 2030. Descriptive and Exploratory Methods are used to study the current trend of financing higher education by Government of India. Empirical method is used to project the trend for next 15 years of policy for financing higher education. Secondary data is collected through Budget reports, journals, research articles, magazines etc. The findings of the present study shows that higher education fund allotment has increased considerably in the course of time but still it is not satisfactory with respect to its consistently increasing demand.