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The FedUni Journal of Higher Education :
Economic Growth vs. Higher Education: Educational Accessibility of Marginalized Communities in India
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In comparison to the rest of the world, the Indian economy has done reasonably well during the global economic crisis and has registered a stable economic growth. However, relatively high economic growth coexists with the presence of widespread deprivation and exclusion. Higher education plays an important role in maintaining the stability in our economy as well as in strengthening the human capital. This paper questions how far the state is able to include all sectors in the economic growth process. What is the role of knowledge economy in strengthening human capability, while targeting to provide inclusive education? Mainly, this paper tries to find out the educational accessibility of marginal communities at the higher education level, compared to the economic growth rate of India. This paper also tries to highlight the importance of human capital formation, assurance of social development, and maintaining equity in education. In the methodological section, the content analysis method is applied to analyze the data from secondary sources. The major data sources are economic survey, NCERT reports and different educational statistics. The finding of this paper shows that the high economic growth has failed to place the marginal communities on the platform of higher education in India.

 
 

The economic development of a country depends upon ita knowledge economy and ita skilled manpower. In every economy, the skilled manpower helps to strengthen the economic growth by extending the knowledge to the productive process. The manpower of a country is known as ‘social capital’ or ‘human resource’. In addition to that, the social capital is usually empowered by education and innovative ideas. Thus, to make a society productive and effective, and to foster the growth and development of the nation, education has become an important factor. In the present context, the knowledge economy depends upon the development of science and technology. The economy of a country requires skilled human capital as a factor of production in the process of development, where the knowledge economy plays an important role in empowering the human resource in the growth process. Technological development is also an indicator of knowledge economy which originated from skilled human resource. With the help of knowledge economy, we have achieved a lot in our economic growth; however, the economic growth is not inclusive in terms of health and education, going by its index. During the world economic crisis, the economic growth of India was 6.76% in 2008-09 (Economic Survey, 2008-09). But this high growth rate was not inclusive of the last few years. The need for inclusive development is essential in every sector and more importantly in education sector to maintain the stability in economic growth and to strengthen the human capital in our country. Though we have achieved a high growth rate in our economy, still we are unable to provide basic education to the marginalized, deprived and depressed categories in terms of accessibility and retention. If we look at our educational system, most of the people are deprived of quality education at different levels of education. They are also excluded from higher education both in general and professional courses. The participation of marginal communities in technical education and information technology education is also not encouraging. Moreover, they are excluded from the mainstream development and thus deprived of employability and economic development.

 
 

Higher Education Journal, Online Management Education in India, Online Education Market, National Knowledge Commission, Information and Communication Technology, Global Market, Telecom Regulatory Authority of India, TRAI, Corporate Bodies, Business Schools, Financial Resources, Indian e-Learning Market, Online Management Development Program, Business Management Courses, Time Management, Communication Process.