Exploring Challenges and Opportunities for Higher Education Funding in India

The Indian higher education system is currently facing a severe financial crisis due to rising costs and decreasing public budgetary support. This situation has resulted in significant challenges for the system, which must now navigate a complex and uncertain landscape to maintain its operations and fulfill its mission. The importance of state support for higher education cannot be overstated, as it is essential for the sustained prosperity of our public institutions. However, there exists an urgent necessity to reevaluate the approach to financing higher education. The present study suggests that policymakers and higher education institutes in India may benefit from examining the experiences of other countries in order to develop a comprehensive strategy that addresses the challenges faced by the Indian higher education system. Subsequently, India can tailor its approach to better suit its unique circumstances and needs. This approach may prove to be an effective means of improving the quality and accessibility of higher education in India. The following research paper attempts to identify some strategies for financing higher education in India that can effectively tackle supply-side obstacles. Additionally, recommendations for implementation are offered based on the aforementioned experiences.