Main Article Content
Abstract
The economic development of a country depends upon the capacity building power. The capacity building context of a nation is based on numerous resources such as financial resource, natural resource and most specifically on human resource. The promotion of higher education leads to the improvement in human development or human resource approach, so directly there is a co-relation between higher education and human resource development which helps to increase the economy of the nation. A number of studies have found these relationships between higher education and economic growth from a variety of standpoint most importantly from skill development, productivity and maximization of the potential of human resource development. Thus, it is necessary to invest for the promotion of education and skill development especially through higher education (HE) otherwise India will miss an opportunity. This paper uses the secondary data on higher education on different time period. By using simple descriptive statistics and growth rate calculation all the analysis are made. The paper examines a chronological survey of the parallel evolution of higher education and economic growth in the country since independence. An attempt is also made to analyse the present pattern of funding higher education in India and to discuss its desirability and feasibility. Further, the study takes the present Government initiatives that have been undertaken in this regard.