Abstract

The present article is an attempt for exploring the theoretical understanding of political economy and its impact upon elementary and higher education in India. Political economy is one of significant parts of social science. It refers to reciprocal relationship between economy and politics. Political ideology of a government or existing political system is reflected through economic policies and propaganda. Political economy is an interdisciplinary discourse for exploring political and economic relation and social ecology in existing society. Every individual has both economic and political role and he or she is highly influenced and determined by the contemporary political and economic structure. Accordingly education is not an isolated strata and it is determined by both politics and economy. Moreover, education cannot proceed forward without realizing the inner trend of political economy. In such context of social realism an attempt is made for understanding political economy of higher education in India.

Key words: Nation –building ,inclusive, political economy, elementary , higher education etc.