FDI in Education Sector: Issues, Prospects and Future Implications

Every country around the globe is trying to integrate its economy with the rest of the world. After globalization of Indian Economy there is a greater need of foreign capital in India. India has today become a budding target of FDI. Indian education sector is one of the pillars of Indian Economy and many global players are willing to enter into it. Education sector assumes greater significance in developing countries like India. This sector offers huge untapped market. The higher education sector, owing to its huge potential, holds very promising prospects. Increase in number of Educational Institutions in India has been remarkably rapid. India faces a big challenge to provide education to young people, especially in far-flung locations. The present paper makes an attempt to study the current scenario of FDI in education sector highlighting the positive and negative impacts of it on the society and economy as a whole. The research approach is exploratory in nature. This paper has major implications for educationists who intend to reap the benefits of FDI as well as Government who need to frame suitable policies.