Analysing the Financial Health of a Public University in India

Analysing the Financial Health of a Public University in India

Monika Watts1, Dr. G.S. Bhalla2 and Guneet Singh Bhalla3

1 Research Scholar, University School of Financial Studies, GNDU, Amritsar

2 Professor & Dean Faculty at Guru Nanak Dev University, Amritsar

3 Assistant Professor, Department of Commerce, Government College Ajnala, Amritsar

Abstract

The education sector comprises an important part of the development of an emerging economy. The study here attempts to enquire about the financial health of a public university representative of the higher education system in India. Using secondary sources of data mainly from the published reports and other university-based files, the financial scenario of the university is being analysed. Based on the financial analysis conducted, it can be suggested that the revenue receipts from the library is quite low and measures to increase it can be undertaken. As library forms an important part of a student’s life, there must be reformation measures considered for its improvement and promoted as a new form among the students. This could help in generating more revenues from the students. The expenses based on miscellaneous sources are quite high and appropriate policies must be undertaken to keep a track of these expenses and find a permanent method for regaining it.

Keywords- Education; Students; Punjab; India; Teachers