It is evident that the capacity of the Government in releasing resources for human resource development is constrained due to severe resource constraint. In this context, the question arises is what supportive/complementary role the private sector can play to meet the gap between the requirements of human capital formation and the actual achievements?
The market response to human resource development/private sector participation is increasingly becoming important. In the post-liberalisation period in India, there has been proliferation of private initiative in research and development and capacity building particularly in areas such as information technology, software, business and medical education. However, the level of private initiative has not been adequate to cope up with the requirements of our society.