In the last few decades, India has experienced several shifts in the policies pertaining to the financing of higher education. These shifts include a move from public financing to keep pace with the expansion requirements of the sector; the strengthening of market forces in higher education both through privatisation of public institutions and operation of private institutions; and a move from the financing of institutions to the financing of students. The Centre for Policy Research in Higher Education (CPRHE) has initiated major research activities to understand how the recent changes have affected the financing of higher education in India and how the higher education institutions cope with and respond to these changes. India Higher Education Report 2018, the fourth volume in the series, presents this study to provide a comprehensive analysis of financing of higher education in India. This book investigates the changing dynamics and related key issues including state–market dynamics, university–industry linkages, foreign aid, institutional strategies to overcome shortages in funding, issues with self-financing courses, educational loans and fee reimbursement schemes, expansion and financing of private higher education.
Chapter 4: Foreign Aid for Higher Education in India
Foreign Aid for Higher Education in India
The economies have become competitive and knowledge-based in the context of globalization. A vibrant higher education system is one of the necessary conditions to meet such challenges as it provides the knowledge base and skilled and specialized human capital (HC) to garner the gains of globalization. However, the funding for higher education has not kept pace with these aspirations and funding is quite inadequate to provide quality higher education in many countries. Public funding and share of public institutions in enrolments in countries such as India are declining. Many countries rely on foreign funding to meet the financial requirements of the sector. This chapter makes an ...