Corporate Sector Participation: Much Needed Elixir of Life to Indian Higher Education System
Abstract:
Higher education sector is one of the major drivers in uplifting the Indian economy, but with striking challenges. Traditional ways of imparting education, poor governance and lack of finance are all responsible for the dismal scene showcasing low GER, absence of India from the list of countries having world’s best institutions and sufferings of Indian students searching for quality education abroad. The three needs -Competitive, Protective and Protractile- calls for professional governance of educational institutions and investment there in by corporate sector. New Companies Bill 2012 also proposes compulsory contribution by corporate sector for CSR activities. If companies contribute to the area of education by Five-way corporate participation model suggested in this paper, higher education of India can be elevated.
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