IMPACT OF GLOBALIZATION ON HIGHER EDUCATION IN INDIA*

Abstract Education system in India can be dated centuries back to the age of Buddha but, now; there has in fact been large improvement in the higher education state of affairs of India in both quantitative and qualitative terms post globalization. The higher education system in India suffers from acute rarity of funds, lack of autonomy, burden of affiliation etc. The major sources of economic growth have changed over a period of time. Today, knowledge is the key to development and it has become universal. Educational globalization means wider and broader educational opportunities for citizens. One of the most visible aspects of Globalization is student mobility. It has estimated that around 2.5 million students, several researchers, colleges and universities moving in the globe freely in 2000 and it has predicted that this number may rise to 8 million students by 2021 (OECD and UNESCO, Institute for Economics, 2012). Globalization has given importance to decentralized educational governance and control. It has contributed for rise in living standards, improvement in health and education and technology advancement, especially in the area of information technology. The effects of globalization on education bring rapid developments in technology and communications are foreseeing changes within learning systems across the world as ideas, values and knowledge, changing the roles of students and teachers, and producing a shift in society from industrialization towards information based societ