Yes, it is essential for the government to regulate the fee structure in education and health care institutions because –

a) Education and health care are the two main sources of formation of human capital on which the economic growth any country is dependent.

b) Education is the right of every citizen of India so it should be available at an affordable rate.

c) The private institutions in the health sector charge high fees which is not affordable by all the economic classes, so if it is left only for the private sector the health quality will decline and it will adversely affect the human capital.