EDUCATION AND

TRAINING
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Table of Contents

Executive Summary……………….……......3

Advantage India………………....….….……4

Market Overview ……………….……..….....6

Recent trends and strategies…….….…….13

Growth Drivers and opportunities…..……..18

Policies and initiatives………….……..…….22

Key industry organizations...……........…….26

Useful Information……….….……….....……28
 EXECUTIVE SUMMARY

Education Industry in India1 (US$ billion) Number of Colleges in India

102.0 40,200
40,000
101.1

40,026
100.0

39,931
39,800
98.0 39,600

96.0 39,400
39,200
94.0
39,000

39,071

39,050
92.0
38,800
91.7
90.0 38,600
38,400
88.0

FY17
FY16

FY18

FY19
86.0
FY18 FY19E

▪ With approximately 28.25 per cent of India’s population in the age group of 0-14 years, India’s education sector provides great growth opportunity.

▪ According to Union Budget 2020-21, the Government allocated Rs 59,845 crore (US$ 8.56 billion) for Department of School Education and Literacy.

▪ Education sector in India was estimated at US$ 91.7 billion in FY18 and was expected to reach US$ 101.1 billion in FY19. The country has also
become the second largest market for E-learning after the US. The sector is expected to reach US$ 1.96 billion by 2021 with around 9.5 million
users.

▪ Government of India’s target of Gross Enrolment Ratio (GER) of 30 per cent for higher education by 2020 is expected to drive investments in the
education space. The Government is also planning to promote the education sector to help increase the share of overall services’ sector in the GDP
of the country.

▪ 56 institutes were represented from India in the Times Higher Education (THE) Emerging Economies University Rankings 2020.

Source: UGC, India Ratings and Research FY19 Outlook, KPMG – Online education in India, AISHE 2018-19, News sources, E- Estimated
Notes: E – expected
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 Education and Training

ADVANTAGE INDIA
 ADVANTAGE INDIA

▪ Largest population in the world with ~500 ▪ An estimated investment of US$ 200 billion is
million in the age bracket of 5-24 years needed by the Government to achieve its
presents a large opportunity in the education target of 30 per cent GER for the higher
space. education segment by 2020.

▪ India has over 250 million school going ▪ In private equity (PE) and venture capital (VC)
students, more than any other country. funding, companies in the education sector
attracted US$ 500 million by end of 2019.
▪ Huge demand supply gap with an additional
requirement of 200,000 schools, 35,000
colleges, 700 universities and 40 million seats
in the vocational training centres.

ADVANTAGE
INDIA
▪ Large English-speaking population allows
easy delivery of educational products. India ▪ 100 per cent FDI (automatic route) is
was ranked 34 out of 100 countries in allowed in the Indian education sector.
English Proficiency Index 2019. ▪ To liberalise the sector, the Government
▪ As of December 2019, internet penetration in has taken initiatives such as the National
India reached 54.29 per cent. Increasing Accreditation Regulatory Authority Bill for
internet penetration will help in education Higher Educational and the Foreign
delivery. Educational Institutions Bill.
▪ On July 29, 2020, National Education Policy 2020 was approved
by the Cabinet.

Note: GER stands for Gross Enrolment Ratio, NEP – National Education Policy, HRD – Human Resource Development
Source: Ministry of HRD, Technopak, Department of Commerce Government of India, DPIIT, TRAI, News Sources

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 Education and Training

MARKET OVERVIEW
 EVOLUTION OF THE INDIAN EDUCATION SECTOR

▪ In 1992, the National Policy on Education-1986 was revised. ▪ In 2012 the amendment of the Indian Institute of Technology
▪ In 1995 the National Programme of Nutritional Support to Act, 1961 took place which envisages inclusion of 8 new
Primary Education (NP-NPSE) was launched as a sponsored IITs.
scheme by the Centre. ▪ In 2014, Indian Institutes of Information Technology Bill,
▪ In 1995, National Council of Rural Institutes (NCRI), an 2014 was passed by both the houses of the parliament. The
autonomous body was established for the promotion of rural bill aims to bring 4 information technology institutes1 under
higher education. the control of a single authority.

1960-1990 1990-2000 2016 Onwards

2000-2010 2010-2014

▪ A new education policy is being drafted to ensure

▪ In 1964, the Kothari Commission was ▪ RMSA was launched in March 2009 with the objective to quality education in India from 2020-40.
appointed to make a detailed survey of all enhance access to secondary education.
▪ The National Testing Agency was approved by the
the education branches in India and advice ▪ In 2009 Saakshar Bharat, a centrally sponsored scheme Cabinet in November 2017 to conduct all high-stake
Government on policies for the development was launched with focus on women and other. college entrance exams in India.
of education at all stages and in all its disadvantaged groups in rural areas of low literacy
aspects. ▪ In June 2017, Government of India announced that it
▪ The RTE, became operative in 2010 according to which would replace the University Grants Commission with
every child has a right to elementary education. Higher Education Commission of India.

Notes: RTE - Right of Children to Free and Compulsory Education, RMSA- Rashtriya Msdhyamik Shiksha Abhiyan, NIT-National Institute of Technology, IISER- Indian Institutes of Science
Education and Research, 1 IIIT-Allahabad, IIIT-Gwalior, IIIT Design and Manufacturing Jabalpur, and IIIT Design and Manufacturing Kancheepuram

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 EDUCATION LANDSCAPE IN INDIA

Indian Education System

Public sector Private sector

Formal setup Non formal setup

Schools Schools Pre-schools

Central Government Higher education

Coaching classes
funded institutions institutions

State Government
funded Multimedia schools
institutions

Higher education Vocational training

institutions centers

Education material
suppliers

Source: Grant Thornton

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 SCHOOL EDUCATION

Schools In India (‘000) School Enrolment In India in FY17 (million)

1,600 200.0

1,400 180.0 189.9

1467.7
1449.1
1448.7

1445.8
1431.7

160.0
1,200
140.0
1,000
120.0
800
100.0
600 80.0
400 60.0
228.9 236.8 244.7 252.2 260.2
200 40.0
38.8
0 20.0
24.7
FY13 FY14 FY15 FY16 FY17 0.0
Elementary Secondary Higher Secondary
Elementary Secondary (Grade 1-8) (Grade 9-10) (Grade 11-12)

▪ The new policy emphasis on Early Childhood Care and Education, the 10+2 structure of school curricula is to be replaced by a 5+3+3+4 curricular
structure corresponding to ages 3-8, 8-11, 11-14, and 14-18 year, respectively.
▪ A new National Assessment Centre, PARAKH (Performance Assessment, Review, and Analysis of Knowledge for Holistic Development), will be
set up as a standard-setting body.
▪ As of 2016-17, India had 1,467,680 elementary schools with 7,606,638 classrooms and 260,155 secondary schools with 1,423,494 classrooms.
▪ Pupil Teacher Ratio (PTR) for elementary and secondary education in the country was 29 in 2018-19.

Source: United Nations Development Programme, NEP 2020

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 HIGHER EDUCATION…(1/3)

Number of Colleges in India Number of Universities in India

CAGR 8.31 %
1,200
40,200

40,000 40,026 1,000

993
39,931
39,800

903
800

864
39,600

799
39,400 600
39,200
400
39,000
39,071

39,050

38,800 200
38,600
0
38,400

FY16

FY17

FY18

FY19
FY16

FY17

FY18

FY19

▪ Number of colleges in India reached 39,931 in FY19, up from 32,974 in FY11.

▪ Number of universities in the country also increased at a fast pace from 621 in FY11 to 993 universities in FY19. Total number of agricultural
universities in the country increased from 35 in 1999 to 75 in 2017.
▪ India has 56 of the world’s best universities as per Times Higher Education (THE) World University Rankings 2020.
▪ NEP offers multiple exit options and appropriate certification within undergraduate education period and an Academic Bank of Credit will be
established for digitally storing academic credits earned from different institutes so that these can be transferred and counted towards final degree
earned.
Note: Update is expected after September 2019
Source: UGC, PWC, AISHE 2018-19, NEP 2020

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 HIGHER EDUCATION…(2/3)

Year-wise
Student Enrolment
growth ofin
students
Higher Education
enrolment (million)
(million) Year-wise
Gross Enrolment
growth of
Ratio
students
in Higher
enrolment
Education
(million)
(%)

25.0 27.0
26.5

26.4
20.0 26.0

26.3

26.3
26.0
18.6 19.0 19.2 19.2 25.5
17.4 18.2

25.4

25.4
15.0 16.7 25.0
16.0
24.5

24.5
10.0 24.0
23.5

23.5
5.0 23.0
22.5
0.0 22.0
FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19

Male Female Male Female

▪ India has the world’s largest higher education system and it ranks second in terms of student enrolment. India had 37.4 million students enrolled in
higher education in 2018-19.

▪ Online higher education may prove to be a good alternative and is expected to grow at 41 per cent CAGR between 2016-2021.

▪ NEP 2020 aims to increase the Gross Enrolment Ratio in higher education including vocational education from 26.3 per cent in 2018 to 50 per
cent by 2035. 3.5 crore new seats will be added to Higher education institutions.
▪ Central Government has increased the research fellowship of Ph.D. students and other research personnel enrolled in any area of science and
technology with effect from January 1, 2019.

Source: UGC, AISHE 2018-19; US Department of Education, NEP 2020

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 HIGHER EDUCATION…(3/3)

University Mix (2011-12) University Mix (2018-19)

Central Central
6.13% 3.49%
6.77%
4.83% 1.03%
1.77%
Deemed University - Deemed University -
Government 8.22% Government
Deemed University - Deemed University -
12.74% 38.13%
46.13% Government Aided Government Aided
Deemed University - Private 13.05%
Deemed University - Private

9.52%
Institute of National Importance Institute of National Importance

16.94%
State Private University 31.24% State Private University

State Public University State Public University

▪ There has been a significant increase in the share of the state private universities as part of total universities. In 2018-19, 31.24 per cent of
universities in the state were state private universities and 8.22 per cent were private deemed universities.

▪ There were 304 state private universities and 80 private deemed-to-be universities in India in 2018-19.

Source: AISHE 2018-19

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 Education and Training

RECENT TRENDS
AND STRATEGIES
 NOTABLE TRENDS IN THE K-12 SEGMENT

▪ Various operating models like a mix of franchisee and owned-schools are being used by private players to
Private schools adopting ensure their economic viability.
franchise models ▪ Setting up an all new education institution is very difficult and expensive franchising provides opportunities to
start a new business with less capital.

Emergence of
▪ With increasing awareness, private Indian players are collaborating with international brands to provide
international school education of international standard.
segment

▪ Schools are investing in information and multimedia education technologies to provide better education to
students.
▪ In April 2020, the Class Central (a free online course aka Massive Open Online Courses (MOOC) aggregator
from top universities like Stanford, MIT, Harvard, etc.) released the list of best 30 online courses of 2019, out
Increasing use of of which, six courses are from SWAYAM.
technology ▪ In May 2020, a new mobile app called ‘National Test Abhyas’ was launched to enable candidates to take mock
tests for upcoming exams such as JEE Main and NEET under NTA’s purview.
▪ In June 2020, Minister of Human Resource Development, Mr Ramesh Pokhriyal ‘Nishank' virtually launched
World’s first ever online Bachelor of Science (B.Sc.) degree in Programming and Data Science, prepared and
offered by the Indian Institute of Technology Madras (IIT-Madras).

▪ Enrolment rate across the senior classes is quite low, while the girls dropout rate have witnessed increase in
Key challenges comparison to that of boys at primary and secondary levels.

Source: Ministry of Human Resource Development, KPMG, UGC

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 NOTABLE TRENDS IN THE HIGHER EDUCATION
SEGMENT

▪ With more and more students opting for industry focused qualifications, the demand for specialised degrees
Specialised degrees is picking up.
gaining popularity
▪ A lot of universities are offering MBA/ Technical degrees with focus on specific sectors.

Multi campus model ▪ Many private institutions are adopting multi city campus model to scale up their operations and expand
gaining popularity across the untapped market in tier II and tier III cities.

▪ In January 2019, US universities visited India for the first US-India Knowledge Exchange (USIKE) and
interacted with institutions and Government representatives to encourage collaborative research and
innovation in various fields between the two countries.
▪ As of March 2019, the Government of India accepted seven research proposals under Scheme for Promotion
of Academic and Research Collaboration (SPARC). SPARC grants will help IIT Mandi to collaborate with
International collaboration international universities located in US, France, Germany, UK and Taiwan to undertake joint research work
and to offer short term courses to the students.
▪ In August 2019, Maharashtra International Education Board (MIEB) signed a collaboration agreement with
Google for education in India.
▪ In October 2019, IIT Madras reached an agreement with ExxonMobil Research and Engineering Company
(EMRE) for research on Energy and Biofuels.

Note: Information as per latest available data

Source: KPMG, UGC, News sources

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 NOTABLE TRENDS IN THE VOCATIONAL TRAINING
SEGMENT
▪ PE firms have become bullish on the fast-growing education sector including vocational and supplementary
training.
Increasing interest from ▪ Xseed Education Pte Ltd, a Singapore-based education company, acquired Report Bee, an education
PE/ VC firms technology firm for an undisclosed amount.
▪ In 2019, Unacademy, an educational technology company based in Bangalore, received PE investment of
US$ 50 million.

▪ With rising internet penetration in India, vocational training companies are selecting the online channel to
offer courses and increase their national reach.
Online channel gaining
▪ In June 2020, NCERT and Rotary India Humanity Foundation digitally signed a memorandum of
momentum understanding (MoU) for e-learning content telecast for class 1-12 over NCERT TV channels to make e-
learning more constructive.

▪ In a recent trend, vocational training companies have entered into agreements with corporate houses to train
their existing employees with the required skill sets.

▪ Tata Motors has tied up with Nirma University to provide B.Tech degree to its employees who are working at
Corporate partnerships
its Sanand Plant in Gujarat in order to upgrade their skills at various levels in the organisation.

▪ In February 2020, Infosys Foundation announced its support to the education department in establishing
smart classes in 1,000 Government higher primary schools in Karnataka.

▪ In July 2020, Vedantu, an edtech start-up, raised US$ 100 million as part of its Series D round, which has
doubled its valuation to US$ 600 million.
▪ On August 04, 2020, DST Global, the investment firm headed by billionaire Mr Yuri Milner, announced its
Investment in online plan to invest around US$ 400 million in Byju’s, the Indian online education start-up.
learning ▪ In May 2020, Classplus, a business-to-business (B2B) EdTech start-up, raised US$ 9 million in Series A
funding round led by early stage tech investor RTP Global.
▪ In March 2020, EdTech platform Univariety raised US$ 1.1 million from Info Edge.

Source: KPMG, Ministry of HRD, KAIZEN, News Sources

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 STRATEGIES ADOPTED

Providing online and

Offering Scholarships Joint Ventures
supplemental solutions

▪ As the Indian education ▪ In October 2019, the Ministry of Skill ▪ Domestic service providers have
industry opens to new Development and Entrepreneurship (MSDE) formed JV with foreign players. For
innovative ways of learning, signed an agreement with Indian Institute of example, Educomp has formed JV
Educomp has decided to Management (IIM) Bangalore to introduce a two- with Raffles to form Raffles Millennium
explore it by offering various year fellowship programme, Mahatma Gandhi International Colleges to offer courses
online and supplemental National Fellowship (MGNF) programme. in fashion design, fashion marketing,
solutions to help institutions interior design, product design and
▪ In January 2019, HP Inc. India came up with
leverage the most of graphic design, jewellery design.
‘’HP Udaan Scholarship’ to support more than
technology.
1300 students belonging to low income families. ▪ Indian institutions are open to strategic
▪ Dish TV has added 32 To promote education, about 50 per cent is alliances with Australian institutions as
educational channels of secured for girls. Australia is one of the preferred
Ministry of Human Resource destinations for Indian students
▪ The Government of Manipur introduced
Development on its platform. seeking quality education.
scholarship worth Rs 1 crore (US$ 138,600.14)
▪ Plastic Water Labs is building for civil services aspirants. ▪ Medvarsity partnered with
virtual reality platform to help Lecturio.com to provide enhanced
students understand science technology-based healthcare learning
and mathematics better. for medical students. The aim has
been to provide better learning
▪ WhizJuniors launched
opportunities.
WhizGoogler for students,
which will navigate them on
internet for various
technologies.

Source: Company Websites, News Sources

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 Education and Training

GROWTH DRIVERS
AND OPPORTUNITIES
 GROWTH DRIVERS

Increasing disposable income and willingness of people to spend on education is a key driver for the Indian education industry

Education in India

Formal education Informal education

Higher education K-12 Coaching institutes Pre-schools Vocational education

▪ Increasing ▪ High demand for ▪ Higher competition ▪ Franchisee models ▪ Increasing demand
awareness in India qualified for professional and increasing for skilled labour.
is driving private employees from courses. awareness in tier II ▪ Low employability
college across service and tier III cities is levels.
▪ Private coaching
enrolments. sector. set to drive the
sector stood at Rs ▪ Increasing number
sector.
51,712 crore (US$ of Industrial
7.5 billion) in 2018. ▪ Pre-school market Training Institutes
in India is expected (ITI) - as of
to grow at 23 per January 2020,
cent CAGR during there were 14,602
2017-22. ITIs in the country.

Source: Netscribes and CLSA KPMG

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 OPPORTUNITIES

Investment in education Immense growth potential Policy support

▪ 100 per cent FDI (automatic route) is allowed in ▪ India has the world’s largest ▪ The Department of School Education and Literacy
the Indian education sector. population of about 500 million launched Samagra Shiksha programme with effect
from 2018-19 for schools from pre-school to class
people in the age bracket of 5-
▪ An estimated investment of US$ 200 billion is 12th, providing quality education at all levels.
24 years and this provides a
required to achieve the government’s target of ▪ The World Bank aided SANKALP and STRIVE
great opportunity for the
30 per cent GER from the education sector by schemes were approved in October 2017 to boost
education sector.
2020. Skill India Mission. Skill India program has benefitted
▪ The Indian education sector is more than one crore (10 million) youth annually.
▪ There is a large opportunity for financial
set for strong growth, buoyed ▪ Education sector in India remains to be a strategic
institutions in the sector. Outstanding education
by a strong demand for quality priority of the Government. Skill India Mission 2015
loans in the country reached Rs 75,450.68 aimed at skilling around 400 million youths in the
education.
crore (US$ 10.80 billion) in September 2019. country by 2022.
▪ The education industry in India
▪ In February 2019, the President of India ▪ In October 2019, NCERT added in its curriculum that
is estimated to reach US$ 144 teaching at pre-schools will be in mother tongue and
announced that the Government will be setting
billion by 2020 from US$ 97.8 with no homework.
up seven IITs, seven IIMs, one NIT, four NIDs,
billion in 2016.
14 IIITs and 5,000 Atal Tinkering Labs to ▪ In May 2020, Government launched PM eVIDYA, a
improve the standard of education. ▪ As per Union Budget 2020-21, programme for multi-mode access to digital/online
education. Other initiatives to be launched include
the Government proposed Ind-
▪ Under Union Budget 2020-21, the Government Manodarpan, New National Curriculum and
SAT under scheme ‘Study in Pedagogical framework, National Foundational
proposed apprenticeship embedded
India’ to be held in Asian and Literacy and Numeracy Mission.
degree/diploma courses by March 2021 in
African countries.
about 150 higher educational institutions. ▪ On July 29, 2020, National Education Policy 2020
was approved by the Cabinet.

Source: Technopak, India Ratings and Research, PricewaterhouseCoopers, Deloitte, PTI, Government of India, News Sources

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 OPPORTUNITIES

Public Private Partnership (PPP) Opportunities for foreign investors Opportunities for innovative services

▪ Setting up formal educational institutes ▪ There are more opportunities for private ▪ With tutoring in schools expected to grow
under PPP and enlarging the existing ones. and foreign companies that are involved in from US$ 8 billion in 2011 to US$ 26 billion
academic through financial partnership with in 2020, there lies a huge market for
▪ In the case of PPP, the Government is
Indian institutions. coaching and tutoring services that can be
considering different models like basic
imparted through innovative means, mainly
infrastructure model, outsourcing model, ▪ Future opportunity of setting up campuses
the internet.
equity/hybrid model and reverse of foreign universities in India.
outsourcing model. ▪ RISE INDIA aims at training 100,000
▪ The Michael and Susan Dell Foundation
drivers over a period of 3 years and impart
▪ Institutions of national importance like NIDs announced an investment of US$ 100,074
training to 2.5 lakh drivers in the next 7
will be able to establish PPP and in Shiksha Financial Services India Pvt Ltd
years.
collaborate with research labs across the and provided loans to private schools.
country. ▪ Reliance Industries Ltd (RIL) will be
▪ A US$ 10 million Development Impact
investing Rs 1,500 crore (US$ 210 million)
Bond has been started by the British Asian
in two years in its allocated university, Jio
Trust to provide education to marginalised
Institute.
children in India.
▪ Central Board of Secondary Education
▪ On August 04, 2020, DST Global, the
(CBSE) introduced artificial intelligence as
investment firm headed by billionaire Mr
a subject in class ninth from the 2019-20
Yuri Milner, announced its plan to invest
session.
around US$ 400 million in Byju’s, the Indian
online education start-up.

Notes: PPP - Public Private Partnership

Source: Technopak, India Ratings and Research, UGC Report on “Inclusive and Qualitative expansion of Higher Education”, PricewaterhouseCoopers , Deloitte, Livemint

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 Education and Training

KEY POLICIES AND

INITIATIVES
 KEY POLICIES AND INITIATIVES…(1/2)

Union Budget ▪ The Government allocated an expenditure budget of Rs 39,467 crore (US$ 5.65 billion) for higher education and
Rs 59,845 crore (US$ 8.56 billion) for school education and literacy. Government also allocated Rs 3,000 crore
2020-21 (US$ 429.25 million) under Revitalising Infrastructure and Systems in higher education (RISE) scheme.

▪ On July 29, 2020, Union Cabinet approved the National Education Policy (NEP) 2020, with an aim to transform
National Education India into an energetic knowledge society and global knowledge superpower by making school and college
Policy, 2020 education more holistic, flexible, multidisciplinary, suited to 21st century needs and aimed at bringing out the
unique capabilities of each student.

UGC (Online Courses) ▪ In a landmark reform, higher educational institutions in the country have been allowed certificate, diploma and
Regulations, 2018 degree programmes in online mode under the University Grants Commission (Online Courses) Regulations, 2018.

Technical Education
▪ The programme started in April 2017 with funding from the World Bank to improve quality of technical education in
Quality Improvement 19 states of India would run for three years.
Programme

▪ With an aim of promoting innovation and entreprenuership among secondary school students in the country, NITI
Aayog launched Atal Innovation Mission (AIM) with 5,441 approved labs.
▪ In August 2018, Innovation Cell and Atal Ranking of Institutions on Innovation Achievements (ARIIA) was launched
Atal Innovation
Source: PricewaterhouseCoopers, Union to assess
Budget innovation
2018-19 efforts
- Government and encourage
of India, News sourcesa healthy competition among higher educational institutions in the
Mission (AIM) country.
▪ In February 2020, AIM collaborated with NASSCOM to launch artificial intelligence-based module across all Atal
Tinkering Labs.

Notes: NEP – National Education Policy, Government of India, News sources

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 KEY POLICIES AND INITIATIVES…(2/2)

▪ The Ministry of Human Resource Development (MHRD), Government of India developed a Performance Grading
Performance Index based on 70 indicators in order to boost education in all states and union territories of India.
Grading Index ▪ Chandigarh topped the country in the performance grading index 2018-19 as per the report released by MHRD in
February 2020.

▪ The scheme was approved in February 2017 with the aim to provide digital literacy to 60 million rural households in
Pradhan Mantri the country by March 2020.
Gramin Digital ▪ As per Union Budget 2020-21, Rs 400 crore (US$ 57.23 million) has been allocated for the scheme for the current
Saksharta Abhiyan fiscal year.
▪ As on February 2020, 254,897 training centers were registered in India and around 2 crore candidates have
(PMGDISHA)
completed training.

▪ The scheme was approved in February 2018 under Union Budget 2017-18 with an aim to improve the quality of
research in the country by attracting best talent.
Prime Minister’s ▪ The scheme was approved for a period of seven years beginning 2018-19 at a cost of Rs 1,650 crore (US$ 254.9
million).
Research
▪ Under this scheme, meritorious students from IITs, IIITs, NITs and IISERs, post completing their B.Tech programme,
Fellowship Scheme can straightaway get admission in PhD programmes at IITs and IISc. Fellowship of Rs 70,000 (US$ 1001.57) /- p.m.
will be given in the first two years, Rs 75,000 (US$ 1,073)/- p.m. during the third year and Rs 80,000 (US$ 1,145)/-
p.m. during the fourth & fifth year.

Source: Government of India, News Sources

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 RISING INVESTMENTS

▪ Private investments in the Indian education sector have increased manifold

over the past two decades. Merger
Year-wise
& Acquisition
growth of(M&A)
students
in Indian
enrolment
Education
(million)
Sector

▪ Under Union Budget 2020-21, for education sector, the Government

allocated Rs 99,300 crore (US$ 14.21 billion). 450

▪ Baring Private Equity Asia (BPEA) has consented to acquire 30 per cent
400
stake in software services company, NIIT Technologies Ltd, for about Rs
2,627 crore (US$ 381 million). 383
350
▪ In February 2020, a capital base of Rs 80 crore (US$ 11.45 million) was
approved by Higher Education Funding Agency (HEFA) for National Institute 300
of Technology, Karnataka (NITK).
250 273
▪ Exams preparation start-up, WiFiStudy, was acquired by Unacademy in a
stock and cash deal. 200

▪ In February 2020, Indian Institute of Technology, Delhi signed a

150
memorandum of understanding (MoU) with New Zealand universities to
establish a New Zealand Centre at the institute with an investment of US$
100
50,000 each from both parties.

▪ On July 07, 2020, Unacademy, Facebook-backed online learning platform, 50 14 13

acquired ed-tech start-up PrepLadder for US$ 50 million.
0
▪ Venture capital in ed-tech space increased to US$ 795 million in the first six 2018 2019
months of 2020 from US$ 108 million in the corresponding period last year.
Deals Value (US$ million)
▪ On August 06, 2020, BYJU’s acquired Mumbai-based education technology
(ed-tech) start-up WhiteHat Jr in an all-cash deal worth US$ 300 million.

Source: HRD Ministry, EY

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 Education and Training

KEY INDUSTRY
ORGANISATIONS
 INDUSTRY ORGANISATIONS

University Grants Commission (UGC) All India Council of Technical Education (AICTE)

Bahadur Shah Zafar Marg, New Delhi 7th Floor, Chanderlok Building
Pin:110 002 Janpath, New Delhi-110 001
EPABX Nos. 23232701/ 23236735/ 23239437/ 23235733/ 23237721/ AICTE EPABX Numbers: 91-11-23724151 to 91-11-23724157
23232317/ 23234116/ 23236351/ 23230813/ 23232485 AICTE Fax Number: 91-11-23724183
Fax. Nos. 23231797/ 23239659 Website: www.aicte-india.org
Website: www.ugc.ac.in

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 Education and Training

USEFUL
INFORMATION
 GLOSSARY

▪ CAGR: Compound Annual Growth Rate

▪ FDI: Foreign Direct Investment

▪ FY: Indian Financial Year (April to March)

▪ GER: Gross enrolment Ratio

▪ GOI: Government of India

▪ HRD: Human Resource Development

▪ AICTE: All India Council of Technical Education

▪ INR: Indian Rupee

▪ RTE: Right of Children to Free and Compulsory

▪ RMSA: Rashtriya Madhyamik Shiksha Abhiyan

▪ UGC: University Grants Commission

▪ US$ : US Dollar

▪ Wherever applicable, numbers have been rounded off to the nearest whole number

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 EXCHANGE RATES

Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)

Year INR INR Equivalent of one US$ Year INR Equivalent of one US$

2004–05 44.95 2005 44.11

2005–06 44.28 2006 45.33
2006–07 45.29 2007 41.29
2007–08 40.24 2008 43.42
2008–09 45.91
2009 48.35
2009–10 47.42
2010 45.74
2010–11 45.58
2011 46.67
2011–12 47.95
2012 53.49
2012–13 54.45
2013 58.63
2013–14 60.50
2014 61.03
2014-15 61.15
2015 64.15
2015-16 65.46
2016-17 67.09 2016 67.21

2017-18 64.45 2017 65.12

2018-19 69.89 2018 68.36

2019-20 70.49 2019 69.89

Source: Reserve Bank of India, Average for the year

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