COMPARATIVE ANALYSIS OF EDUCATION FUNDING AS A MACROECONOMIC INDICATOR: STRATEGIES FOR RESILIENT GROWTH IN INDIAN HIGHER EDUCATION COMPARED TO GLOBAL MODELS

AbstractThis paper examines education funding as a macroeconomic indicator and its role in fosteringeconomic resilience, innovation, equity, and sustainable development, with a particular focus onIndian higher education. By synthesizing insights from over 100 academic papers and leveragingcomprehensive data analysis, this study investigates the interplay between public and privateinvestments in education, disparities in resource allocation, and the potential of green educationinitiatives. A comparative analysis of global leaders in economy and education provides criticalinsights into best practices and innovative funding models. The study also explores theimplications of the National Education Policy (NEP) 2020 for education funding andgovernance. Findings highlight the transformative potential of education funding in drivingsocio-economic growth while underscoring the need for equitable and sustainable fundingmodels. Policy recommendations advocate for integrated approaches to education financing thatprioritize inclusivity, innovation, and alignment with global green goals.