How the Growing Education Sector in India fosters its Presence in the world education Industry

India holds a dominant position in the global education industry. With more than 1.4 million schools and student enrolments exceeding 227 million, the Indian education system is on a rising trend. In terms of higher education, India has more than 36000 academic institutions and there are enormous potential for further development. It is expected that by the end of 2017, India’s online education market will touch US$40 billion.  Reports published by the RNCOS ‘Booming Distance Education Market Outlook 2018’ points out that distance education market will grow at a CAGR (Compound Annual Growth Rate) around 34% by 2017-2018. The Indian government also aims to increase the current gross enrolment ratio up to 30% by the year 2020 which will heighten the growth of distance education system. Stunited believes that students from different parts of the world can pursue distance education from the Indian universities according to their interest area and academic background. The counseling team at Stunited.org will be keen to help the aspiring students regarding the educational institutes that provide distance education, the academic discipline in which such education is imparted, course duration, fee structure, mode of payment and similar other queries.

By the end of 2020 the Indian higher education system is expected to grow with presence of world’s largest tertiary-age population and 2ndlargest graduate talent pipeline.Presently the Indian education market is worth US$100 billion and the contribution of higher education is worth 59.7% of the total market size. This can be shown with the help of the following table –

 

Higher education 59.7%
School education 38.1%
Pre-school segment 1.6%
Technology, multi-media & Others 0.6%

Indian higher education system has the capacity to enroll over 70 million students, and this capacity is increased by enrollment for another 40 million students. The higher education sector observed a spending of over US$6.96 billion (INR.46.200 crore) and this figure is expected to increase at an average yearly rate of around 18% to reach US$35.03 billion (INR 232,500) in the coming 10 years.

The higher educational institutes are working in close partnership with the IT firms and establishing in-house teams to groom the right talent. The use of state of the art technology such as ICT (information and communications technology), Social Media, Mobility and Cloud technology is made to uplift the education system.

As per the information collected from the Department of Industrial Policy and Promotion, the total foreign Direct Investment (FDI) in the Indian education sector was marked at US$ 1,171.10 million from 2000 to 2015. Few of the landmark investments and development made in the Indian education sector can be enumerated as below:

Launch of the ‘School of Vocational Educational’ program by the Tata Institute of Social Sciences helps to provide vocational training courses in 20 sectors in collaboration with the training partners in 25 cities.

The Central Board of Secondary Education made it mandatory to appoint a special educator for students suffering with learning disabilities. This will help in creating an educational approach that supports involvement and children with special needs can be assimilated with other students. This practice also supports the guidelines laid down by the ‘Right to Education ‘Act.

In order to improvise the infrastructure relating to health care in West Bengal, the opening of 9 new medical colleges is proposed. 5 of these will be run by the government while the remaining 4 is intended to be established under the Public Private Partnership model.

Stunited.org appreciates the efforts of the Indian government and the educational institutions in terms of uplifting the higher education system. Stunited also believes that in years to come India will be hub of higher education with sustainable educational practices being followed for nationwide development.

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