3. FIRST TIME USED
The Economist magazine introduced the term in the
1930s in covering Nazi German economic policy.
4. PRIVATIZATION
It refers to mode of working by being
outside the control of the government. It
is the process of transferring ownership
of the public sector i.e. a government to
the private sector.
5. Privatization Implemented
This policy was associated
initially with Margaret Thatcher's
government in the 1980s, which
privatised numerous companies,
including PUBLIC UTILITY
businesses such as British
Telecom, British Gas, and
electricity and water companies.
During the 1990s, privatisation
became a favourite policy of
governments all over the world.
Thatcherism
6. PRIVATIZATION IN INDIA
In 1991, New Economic Policy
Finance minister Dr. Manmohan Singh under the
guidance of Prime Minister P.V.Narasimha Rao
8. PRIVATIZATION IN EDUCATION
• Initially considered as
the prime responsibility
of the state
• Numerous debates
• Joint responsibility of
both public and private
personnel
12. GROWING NUMBER OF STUDENTS
Year Enrollment (in million)
1950-51 0.2
1960-61 0.6
197071 2
1980-81 2.8
1990-91 4.4
2005-06 10.5
13. INABILITY OF THE STATE
POOR ACCESS: 7% of youth age group 16-24 have
access to higher education, which needs to be raised
atleast 10%.
NON PLACEMENT: 25 to 30% of the students who
pass class 12th do not find placement in higher
education.
LOW PRIORITY:In the 1st 5 year plan , allocation to
education was 7.6%. It came down to 1.3%in 8th plan.
24. EXPANSION AND DEVELOPMENT
No doubt, there’s expansion of
infrastructure due to
Privatization but there’s lack of qualified
teachers i.e.
There’s quantitative expansion but not
qualitative one.
37. CONCLUSION
Privatization can help India to gain higher competitive
advantages in education sector.
There can be some manipulations but can be managed
by proper rules and regulations by government.
There’re always pros and cons that can be overcome by
involving government and private sector effectively.
