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Huge Potential

India has the largest higher education market in the world due to its huge population. The private education sector in India is expected to grow to $45 billion by 2015, up from $35 billion currently, and education is a major employer. India has over 44,000 higher education institutes, far more than China or the US. Increased foreign investment and private sector involvement are helping to improve quality and expand opportunities in India's growing education market. However, low student employability, poor performance in international rankings, faculty shortages, and limited research continue to pose challenges.

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35 views1 page

Huge Potential

India has the largest higher education market in the world due to its huge population. The private education sector in India is expected to grow to $45 billion by 2015, up from $35 billion currently, and education is a major employer. India has over 44,000 higher education institutes, far more than China or the US. Increased foreign investment and private sector involvement are helping to improve quality and expand opportunities in India's growing education market. However, low student employability, poor performance in international rankings, faculty shortages, and limited research continue to pose challenges.

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indranil_sengupta
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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India, with its huge population, is the most exciting higher education market in the world.

The education and training sector in India is standing at $600 billion and the private education segment
alone is expected to cross $45 billion mark by 2015 from the present $35 billion, according to a research
by Investor Relation Society. This sector is named as the major employment driver in India in the Indian
Job Outlook Survey 2012. It is expected that employment opportunities will continue to grow in this
sector for the next two decades.

Huge potential
The higher education system in India has witnessed remarkable growth in the past few years. India is
definitely ahead of other developed countries in the field of education and training. The number of
institutes offering higher education is much more in India when compared to China and the US. A latest
report by Ernst & Young states that the number of institutes offering higher education in India is 44,668.
Of that, 33,668 offer various degrees and the rest offers diplomas. The total number of institutes in
China is 4,192, while in the US, the number is 6,500.
 
According to the E & Y report, the number of students pursuing higher education is also on the rise.
 
Based on this observation, several foreign institutions are foraying into India. This is expected to boost
the quality of education in the country.
 
New opportunities
Education and training sector is undergoing a sea change in the recent past with the focus shifted from
public to private sector. Private sector is also actively involved in education and its role will become
more poignant in days to come. The private sector's role in the higher education sector has been
growing at a rapid pace over the last decade and needs to further expand at an accelerated rate.
 
The education market is now thriving on the back of the workforce proving itself equal to their
counterparts elsewhere in the world in productivity. Given the predominantly young population, the
education market is bound to accelerate rapidly.
 
According to the Investor Relation Society research, skill and vocational training are fast throwing good
amount of employment opportunities in the education space in India.
 
Roadblocks
Besides low employability of students, poor performance in international ratings, shortage of trained
faculty, poor infrastructure of institutes and limited scope for research are some of the hindrances for
the education and training sector in India.
 

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