Globally, India is a significant player in the education sector. The country is equipped with the world’s largest network of secondary educational institutions. India has approximately 1.4 million schools, 850 universities, and 40,000 higher studies institutes. Also, there is an ample amount of potential in the Indian Education sector that can be tapped. The country has the world’s largest young population whose age lies between 3 to 23 years, which is the target market for the education sector.
In India, the education sector is run and managed by both private as well as government-operated institutions. The government policies, as well as schemes, highly support the education sector in India. Education is one of the most essential elements that add to the socio-economic growth of the country. At present, the Indian literacy rate stands at 76%. Even though 76% of the country’s population is literate, the country also witnessed the highest illiterate people. The Indian education sector has undergone a reform to meet the everchanging demands. IITs and IIMs are considered as the most prominent higher education institutions in India.
Pre-school, Primary, Secondary, and Higher Secondary education make up the entire Indian education sector. Further, this is followed by a technical and professional degree. Some miscellaneous parts of the education sector are- vocational training, distance education, e-learning, coaching classes, etc.
Home to the world’s largest population, India has around 500 million people whose age lies between 5-24 years. This is one of the most crucial reasons as to why India offers excellent market opportunities for investors. In the financial year 2018, the Indian education sector is estimated at US$ 91.7 billion, which is predicted to become a US$ 101.1 billion by the financial year 2019 and the US $180 billion by the year 2020.
There are around 39,050 colleges and 903 universities in India. Approximately 36.64 million higher education students are enrolled in these colleges and universities. India stands at second position after the US in terms of e-learning. The e-learning sector of India is expected to get an immense boost and reach US$ 1.96 billion by the year 2021. The Gross Enrolment Ratio (GER) is expected to reach 30 percent by the year 2020. The idea is to drive investments in the education sector. Government plans exhaustively to boost the education sector. One of such plans by the Government is to promote the education industry.
World’s 49 best universities are located in India (Times Higher Education World University Rankings 2019). The country witnesses a significant increase in the state private universities.
How can we help?
We have vast experience with clients in the education sector, which enables us to devise your financial, tax, entry strategy, entity strategy, foreign direct investment strategy and regulatory strategies in an informed manner to enable your education business to derive the desired value and results.
For our research paper on Industry opportunities and analysis please download our report: