This document discusses the emergence of private educational institutions in India. It notes that while education was previously only provided by state-run institutions, a mixed economy model allowing both public and private participation in education has emerged. Today, over 60% of arts and science colleges in Tamil Nadu and over 90% of engineering colleges are privately run. The reasons given for privatization include economic reasons, political reasons, and educational reasons such as increasing competition and accountability. However, drawbacks mentioned are that educational institutions may prioritize profits over education and poor students may be excluded.