Public Expenditure on Higher Education for Human Resource Development: A Study in North Eastern Region of India

Higher education plays very significant role in all round development of the nation, as it empowers the individuals with necessary competence for achieving important personal, social and higher level of professional goals. It also creates human capital. So government funding must continue to be an essential and mandatory requirement for support to higher education Finance from public sector includes spending by central government, state government, local bodies and foreign aid which is transferred primarily through central government budget. Expenditure on education plays an important role in expansion and growth of the educational sector. The study focused on especially in North Eastern Region of India. Though the government expenditure on education is increasing in India for Human resource development but in North eastern Region, the spending level is not up to the mark. So the paper attempts to study the level of government expenditure on education for human resource development. Most people (especially the poor) in less developed nations do not demand education for its intrinsic noneconomic benefits but simply because it is the only means of securing modern sector employment. Employment is the ultimate destination for the students of poor economic background in the state, like Assam. But in India as well as NER is facing various problems relating to higher education. So the paper also tries to study the issues regarding higher education in North East India from demand side and supply side.