December 10, 2010
Indian Education Services – A Hot Opportunity
For India to maintain its economic growth in the global marketplace fueled by the knowledge economy, the country needs to increase student enrollments in higher education. The country’s demographic differentials reveal that India will have a distinct advantage of the younger age group (where many new opportunities can be fully optimized) over the next few years. To enroll this high number of young population in colleges, the country requires more universities and training institutes.
As per our research, the number of universities has grown manifold and a similar trend has been witnessed in the number of student enrollments (grown to ~ 14 Million) in the higher education. The annual student enrollments in higher education are expected to grow at a CAGR of nearly 8.7% during 2010-11 to 2012-13. Further, the market size of higher education will witness a CAGR of approximately 15% to cross US$ 22 Billion by 2013.
Although the country has one of the largest higher education systems in the world, our report “Indian Education Services – A Hot Opportunity” has found that there remains high growth potential for the development of higher education system in India. Economic growth will lead to a surge in demand for more engineers and management graduates. Along with the quantity of graduates, the quality of education is anticipated to be another focus area for the Indian higher education system. With the entry of foreign players, it is expected that the competition will intensify and correspondingly improve the quality of education.
To suffice the health needs of India, there is a huge requirement of nurses and doctors. The country has a nurse to population ratio of 1:1100 as compared to the developed country average of 1:150. Moreover, doctor to population ratio is approximately 1:2000. In order to increase this ratio, there is a huge requirement of nursing and medical colleges. According to our study, the number of required medical colleges should reach 295 by 2013 from 271 in 2009.
If addressed properly, there are a number of factors which can act as a catalyst for the growth of higher education in India. Availability of education loan, growing demand for skilled personnel and e-learning are few of the growth areas. The country also faces challenges like low pedagogic quality and lack of investment funds in providing quality education.
The report provides an in-depth research and rational analysis of the current status and expected position of the higher education system in India. It also gives an overview of the number of universities, technical education institutions and colleges available and required in the country. Besides, our report gives a prudent analysis of different courses that will remain in high demand over the next few years.
The report provides coherent analysis of the need for opening up of universities (particularly foreign) in the country over the next few years. In this regard, the report gives the entry and operation regulations for foreign universities/institutions providing education in India.
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