A Framework for Analyzing Demand and Supply of Faculty and the Quality of Higher Education

Higher education has a crucial role in India’s ability to succeed in the modern global economic system. The number of institutions serving the sector and student enrollments in India have expanded very rapidly in recent decades. Enhanced educational attainments have contributed significantly to the high economic growth rates in the services sector that have buoyed India’s recent economic performance. Yet higher education institutions and their performance are plagued by many problems, and this has been a major source of policy concern. This paper will focus on two of these major issues - namely the phenomenon of 'faculty shortage' and the 'quality' of higher education.