The ultimate aim of any modern corporate is growth with profit maximization. Growth is the first and foremost characteristic of nature and its products which include modern societies with all their industrial, agricultural and service sectors and above all the research organizations to cater to the needs of primary, secondary and tertiary sectors. Governed by the laws of the universe and nature, societies, markets and above all human life are in the constant churn of development in the realm of creativity and innovativeness.

The arrival of the ‘market’ in higher education heralds a new era and calls for a new look in policy making. Higher education occupies an ambivalent place in the political realm of economic development. This ambivalence also marks the Indian higher education policy.

It is often argued that since the social rates of return on investments in primary and secondary education usually exceed the rates of return on higher education, emphasis on higher education is not necessary. As a result, the need for investment in higher education is being met by the growing private sector and the expanding public system of higher education at decreasing marginal costs. A significant portion of this demand is also being met by foreign institutions.

Public expenditure on higher education remained roughly in the region of 0.40% of GDP since the 1990s. Though aspects relating to social equity and social benefits will continue to determine public policy for higher education in India, the fact that the emerging private sector is changing the landscape of higher education and globalization is creating an international market for higher education cannot be ignored.

Higher Education Policy,Align with the Market , education,policy,economic development,investment,public system,foreign institutions,social equity ,social benefits,international market,ignored.