Regulation in Higher Education in India: Examining the Impact of Marketization and Neo-liberalism on Higher Education in India

Abstract

Marketization and neo-liberal approach have increased rapidly in higher education after the liberalisation, privatisation, and globalisation in India. Principles of a firm's optimization behaviour of demand and supply are increasingly being used to explain the educational service. As education is a special type of service, these principles cannot be applied here. It is necessary to gauge the change in regulations and its requirement in the regulatory structure. What kinds of regulations and how much autonomy is required for higher education with the new ideology framework, have been purported in this paper.