Abstract

India has a young population and one of the world’s largest higher education systems. The higher education sector in India is flourishing despite the fact that it must contend with a number of challenges; yet, these challenges are not insurmountable. A country’s progress is determined by how much money it invests in its higher education system. To raise funds for higher education, which is always a challenge, it is important to follow the right steps. With its relatively low gross enrollment ratio, gender parity index, pupil-teacher ratio, and so on, the Indian higher education system continues to face challenges. In today’s knowledge-based global society, financing is a big challenge for India’s high-demand higher education institutions. India spends a smaller percentage of its GDP on education than most other developed countries, and when it comes to higher education, this percentage drops even more. An attempt was made to explain the various sources of financing for higher education in India while analyzing the financing process in the higher education sector. As a result, the government should devote a greater number of resources to improving the standard and quality of higher education in order to cultivate individuals who are knowledgeable, well-rounded, and reflective