Vol. 8 No. 1 (2019): Volume 8, Supplementary Issue 1, Year 2019
Articles

FACTORS AFFECTING COST BENEFIT ANALYSIS OF EDUCATIONAL INSTITUTIONS IN TAMILNADU

YUVARAAJ D
Associate Professor and Head, Department of Corporate Secretaryship, Nandha Arts and Science College, Erode-638052, Tamil Nadu, India
PARTHIBAN K
Assistant Professor, Department of Management Studies , Nandha College of Technology, Erode- 638052.

Published 2019-04-06

Abstract

Higher education, post-secondary education, or third level education is an optional final stage of formal learning that occurs after completion of secondary education. The right of access to higher education is mentioned in a number of international human rights instruments. Higher education includes teaching, research, exacting applied work and social services activities of universities. India's higher education system is the third largest in the world, next to the United States and China. The main governing body at the tertiary level is the University Grants Commission, which enforces its standards, advises the government, and helps coordinate between the centre and the state. Indian higher education system has expanded at a fast pace by adding nearly 20,000 colleges and more than 8 million students in a decade from 2000-01 to 2010-11. As of 2016, India has 799 universities, with a break up of 44 central universities, 540 state universities, 122 deemed universities, 90 private universities, 5 institutions established and functioning under the State Act, and 75 Institutes of National Importance which include AIIMS, IIT's and NIT's among others. Other institutions include 39,071 colleges as Government Degree Colleges and Private Degree Colleges, including 1800 exclusive women's colleges, functioning under these universities and institutions as reported by the UGC in 2016. Indian higher education is in need of radical reforms. A focus on enforcing higher standards of transparency, strengthening of the vocational and doctoral education pipeline, and professionalization of the sector through stronger institutional responsibility would help in reprioritizing efforts and working around the complexities.

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