ABSTRACT
Higher education is in a stage of revival in India. While higher education was a slow growing sector mostly under the public funding and management, the market-friendly reforms of the 1990s promoted proliferation of private higher education institutions leading to fast expansion and massification of the sector. The important factors influencing governance and management decisions in higher education are the state, the market, and the households. There are several regulatory bodies which mediate between the state and institutions of higher education. The autonomy enjoyed by the institutions of higher education varies. While few elite institutions have been enjoying a high degree of autonomy, a majority of the universities have been under more control by the governments. The Indian higher education system is moving towards a new system of graded autonomy based on the academic performance of institutions. This chapter analyses the governance and management challenges posed by markets and massification of higher education in India.
