Financing Policy and Management of Technical Education -An Analysis

Gyan Management Journal
Year: 2018(Jan-Jun), Volume: (12), Issue. (1)
First page: (73) Last page: (81)
Online ISSN: A/F
Print ISSN: 2250-348X
doi: 

Financing Policy and Management of Technical Education -An Analysis
Harpreet Kaur1 and Lovely Bhola2

1Research Fellow, Department of Commerce, Guru Nanak Dev University Amritsar

Corresponding author email id: preeti356@yahoo.co.in

Received:
18 feb 2018

Accepted:
14 Apr 2018

Online Published:
20 Jun 2018

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ABSTRACT

Education system plays a key role in economic development. It has been proved empirically as a vital factor of socio-economic development and expenditure on education has been considered as an investment on human resource development (Natarajan, 1993). Education is one of the dominant sectors of the Indian economy in terms of enrollment of children, employment of adults and investment of financial resources (Varghese, 2000). The economy would become more productive if the education system is good. The education system in India has made significant expansion in terms of students enrollment and number of institutions. In the present era, education is under major change in response to various factors like development in information technology, communication, privatization, globalization, etc. Technical education is one of the important component of higher education. In India technical education contributes a major share to the overall education system and plays a vital role in the social and economic development of the country. The process of globalization and IT revolution makes major impact on technical education.

Keywords

Education , development , socio-economic , globalization