Abstract

What is central to globalisation is that the world has become increasingly interdependent and ever closer. Further, the direct nexus between the industry, corporate world, and higher education has brought a transformation in the skills needed for jobs. The most salient development is the rise of the for-profit private sector in higher education, which offers academic programmes and subjects in response to market demand. This explains the rise of private universities and colleges providing self-funded/self-financing education around the world and in India.