Privatization of Education: Pros and Cons

Privatization occurs when a government-owned business, operation, or property becomes owned by a private, non-government party.

Privatization in education has been a hot topic for debates over its advantages, disadvantages, and social consequences. Still, several governments worldwide have displayed their interest in the privatization of the education sector from time to time. The ever-growing need for the education sector and the government’s commitment to providing free and compulsory education to all is ultimately getting more difficult to be managed by government authorities alone; even funding education expenses through the taxpayer’s money is no longer a feasible idea.

There are several reasons for privatization, as visualized by the governments. Some of the most significant reasons are cost reduction, risk transfer, and a good source of revenue. Several other reasons, like the inefficiency of government agencies, and a willingness to improve the service level, can also be valid reasons for privatization. Below we will discuss some of the reasons for privatization briefly.

Since the past few decades, Indian economy has undergone consequential policy alteration and introduces a new model of economic reforms, commonly known as LPG i.e. Liberalisation, Privatisation and Globalization. This set of reforms was brought in to help India grow better and communize with the other bigger economies of the world. Out of all, Privatisation has brought about breakneck changes in the educational sector, which has impacted our society in both positive and negatives ways. Privatisation has enabled the private parties such as individual organisations, religious institutions and other non government bodies to acquire the education industry and encourage them to accommodate to the growing demand of education across the country.

List of the Pros of the Privatization of Education

1. Accessible Education

2. Privatization typically lowers the tax rate for each community.

3. There are increased levels of efficiency.

4. Improved Infrastructure.

5. It reduces the political influence in the school system.

6. Privatization encourages more competition.

7. Liberty to choose institution

Cons of privatizing education

1. Disparity in public and private schools

2. Tution fees is comparatively high

3. Teachers in schools don’t have to be certified

4. Schools may not have special education programs

5. Less diversity could be seen in school campus

6. Limited access of students to sporting facilities/fields unless privately owned

7. May offer less extracurricular activities to students.

Top 10 EdTech Companies in India: 2022

Edtech stands for education technology that is the technology dedicated to developing and applying the tools into the classroom to create a more engaging and individualized learning experience.

EDtech (Education Technology) companies offer online interactive sessions to students and working professionals by using social media platforms and cloud software programs through video conferences on the internet. Educational technology generally shortened as Edtech is the combined usage of PC equipment, programming, and educational( theories and practice) to work with learning. When alluded with its shortened form, EdTech, is referred to the organizations that make educational technology.
2. Unacademy
3. Vedantu
4. Classplus
5. UpGrad
6. Next Education
7. Adda247
8. Edukart
9. White Hat Jr
10. WizIQ