AN ECONOMETRIC ANALYSIS OF EDUCATION EXPENDITURE AND HIGHER EDUCATION INSTITUTIONS ON GROSS ENROLMENT RATIO IN INDIA 2000–2021
Keywords:
Higher Education, Gross Enrolment Ratio, Education Expenditure, Higher Education Institutions, Gross Domestic Product,,,Abstract
This paper examines the relationship between the number of Higher Education Institutions and education
expenditure percentage to Gross Domestic Product with Gross Enrolment Ratio in India from 2000 to 2021.
For this study, secondary data collected from the All India Survey of Higher Education reports on GER and
the number of Higher Education Institutions and the Ministry of education Government of India. World
Data Bank statistics on the education expenditure percentage to GDP. A multiple regression analysis was
employed to examine the impact of education expenditure and institutional expansion on GER.
The findings reveal that education expenditure has a significant positive impact on GER, suggesting that
increased government spending on education improves access to higher education.
The results highlight the importance of public investment in education and the expansion of higher
education institutions in improving access to higher education in India. The study suggests that
policymakers should focus on increasing education expenditure and strengthening higher education
infrastructure to achieve higher enrolment levels and support sustainable economic development.
References
Ministry of Education (India). (2022).(AISHE) 2020–21. Department of Higher Education,
Government of India.
Ministry of Education (India). (2023).(AISHE) 2021–22. Department of Higher Education,
Government of India.
World Bank. (2023). World Development Indicators: Government expenditure on education (% of
GDP) – India. Washington, DC.
UNESCO Institute for Statistics. (2023). Education expenditure database and Gross Enrolment
Ratio statistics. Montreal, Canada.
Government of India. (2023). Economic Survey 2022–23. Ministry of Finance, Government of India.
