ppp in education
The access to education needs to be considerably improved if we are to catch up with the burgeoning demands from various sectors. Budgetary allocation for education by the central government for both for school education and higher education in 2008-09 amounts to rs.38,703 crores which is an increase of 20 per cent from the the previous year. Combining the government and private expenditure, the total expenditure on education is approximately 5.3 percent of gdp and private sector share works out to be 47 per cent.[15]
India ranks 115TH in the world in terms of investment in education as a percentage of gdp. The foundation of good quality education only be laid by sound and widely accessible primary and secondary education. The government can meet the challenges of globalization with political commitment and by maintaining a high level of expenditure in social
Sector, especially in the field of education.[16] for quantitative expansion and improvement in quality, educational sector will require large inflow of fresh capital which can not be met from government finances alone. This calls for huge investment in the higher education which the government may not do on its own. Even if the government increases the allocation for higher education upto six per cent of the gdp, there will still be a huge gap in the demand and supply of finances for higher educational institutions. The only way to bridge the yawning gap between the available and required educational infrastructure is to place greater reliance on ppp in terms of attracting private capital as well as to improve efficiencies in the
Provision of educational services.[17]
Public private partnerships have distinct advantages
And can help to achieve desired education outcomes.
It should not, however, be considered an end in itself
But as a means to achieve desired education
Outcomes. It