ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Public Funding for Research in Higher Education

The Perspective of Equity and Diversity

Recent government policies for promoting research are aimed at making India globally competitive in an era of knowledge economy. Against the backdrop of the National Education Policy 2020 and the draft National Science, Technology and Innovation Policy 2020 for enhanced public funding for developing the research ecosystem in higher education institutions, this article discusses how public funding can be better utilised for the promotion of research and inclusive expansion of higher education.

Knowledge and human capital produced by the higher education sector is a crucial determinant of growth of the national eco­nomy. It is not surprising that concerted efforts have been made by the union government to leverage the advantages of the knowledge economy and reap the benefits of India’s demographic dividend. The National Education Policy (NEP) 2020 (MHRD 2020) and the draft National Science, Technology and Innovation Policy (NSTIP) 2020 (DST 2020) place a major emphasis on research in higher education institutions (HEIs) and propose new funding mechanisms to promote rese­arch and innovation. The National Research Foundation (NRF) is a new funding mechanism proposed by the NEP 2020. It is argued that inclusion of equity and diversity perspectives in matters of research funding can be an imp­ortant strategy to maintain the acc­ountability of public funding and channelise funds to those HEIs that serve students and teachers drawn from diverse socio-economic, regional, linguistic, and cultural backgrounds, reflecting the div­ersity of the country.

The Global Knowledge Economy

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Updated On : 27th Jul, 2023
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