Higher education and research have always received handsome allocation from government and receiving support from corporates in developed countries which witness a healthy congruence between high economic growth and Human Development Index (HDI). Some of the Emerging Market Economies (EMEs) have become significant manufacturing hubs by universalizing education and improving their Incremental Capital Output Ratio (ICOR). Allocational priority to sectors like education, health and sanitation and their easy accessibility and affordability to people Below Poverty Line (BPL) hold the key to inclusive growth. The paper brings out how India’s poor development records in terms of Infant Mortality
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