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Factors Leading to Growth of Private Institutions in Education
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Concern and Problems regarding Privatization of Education
Concept of Privatization in Indian Education System
The rapid growth of private institutions in Education is taking place due to following factors:-
1) Liberalization: Due to liberalization many private
institutions have come up on a large scale. Many privately owned educational
bodies are semi-aided by the government, this encourages their participation.
2) Changing Social Needs: As discussed in the previous article,
due to globalization the needs of the people have changed which is not
fulfilled by studying in government schools/universities. As such they opt for
private institutions.
3) Quality of Education: Privatization of education boosted
mainly due to higher quality of education it provides. Good learning and
teaching facilities activate students’ interest towards studies. Teachers work
hard owing to job insecurity. Ultimately, the quality of education improves;
hence, more and more students opt for private institutions.
4) Investment in Education leading to
High Returns: It
is well known that investments made in educational institutions are rewarded
with high returns. Market for education is big and lucrative. Private schools/colleges/institutions
are being established by rich and affluent to multiply their income. As such,
the steady influence of entrepreneurs providing educational service is another cause
for growth of private institutions.
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