Trends in Gross Enrolment Ratio of Male Female Enrolment and Expenditure on Higher Education as Percentage of Gross Domestic Product India

Abstract

Education plays a vital role in development of the society and the nation at large. It prepares and trained staff in any respect levels to manage capital, technology services and administration at each sector within the economy of the nation. India is presently at the stage of demographic transition wherever growth is retardation down however, the population of young people entering the labor/employment force continues to expand. This young and huge population ought to be educated for the betterment of the state. Gross Enrolment Ratio (GER) in higher education with respect to gender is having increasing trend. The proportion of students enrolling in the higher education has increased significantly during the last two decades and as a result the higher education institutes, private universities, private and government colleges, in India are increasing significantly. Though the government of India has its own limitations towards funding the higher education should formulate the policy of funding to the universities/educational institutes so that the quality and standard in higher education is maintained. The aim of this paper is to study the trends in male, female enrolment and expenditure on higher education as % of Gross Domestic Product (GDP) of country. The secondary data is taken from the annual reports of University Grants Commission, AISHE and Ministry of Human Resource Development of India. The data is analyzed by using MINITAB19 statistical software by fitting quadratic trend and the forecasts for the period 2018-19 to 2027-28 with respect to GER of Male, Female and public expenditure on higher education in India. The accuracy of the fitted model is measured on the basis of Mean Absolute Percent Error (MAPE). It was observed that student enrolment in higher education is increased but the expenditure on higher education as % of GDP has sown decreasing trend after 2000-2001.