A Critical Analysis of Higher Education System and its Impact on the Growth of Indian Economy

Abstract: This research paper critically analyses the role of the higher education system in India and its impact on the nation's economic growth. Drawing insights from an extensive review of literature and a quantitative research methodology, the study examines the relationship between higher education and the intellectual capital of the nation, as well as its potential contributions to economic development. The research identifies key challenges faced by the Indian higher education system, including inadequate funding, limited research resources, administrative burdens, and technology integration gaps, which hinder its full potential to drive economic growth. Conversely, the study highlights the significant benefits of a robust higher education system, such as nurturing a skilled workforce, fostering innovation, and promoting entrepreneurship, all of which positively impact India's economic prospects. The implications of these findings for policymakers and stakeholders are discussed, alongside recommendations for optimizing the higher education system's contributions to economic growth and social progress. Keywords: Higher Education, Economic Growth, Intellectual Capital, Challenges, India, Workforce, Innovation, Entrepreneurship, Technology Integratio