With approximately 28.1 per cent of India’s population in the age group of 0-14 years, as of 2015, educational industry in India provides great growth opportunity.
The country has more than 1.5 million schools with over 260 million students enrolled.
In 2015, with 34.2 million students enrolled in approximately 48,116 colleges & institutions for pursuing higher education. India’s higher education segment is the largest in the world.
Government target of Gross Enrolment Ratio (GER) of 30 per cent for higher education by 2020 to drive investments.
The education industry in India is estimated to reach US$ 144 billion by 2020 from US$ 97.8 billion in 2016.
Source: UGC Annual Report 2014-15, Technopak, Centre for Budget and Governance Accountability
With 762 universities, India has the world’s largest higher education system in the world & it ranks 2nd in terms of student enrolment in higher education
Gross Enrolment Ratio (GER) in higher education reached 24.5 per cent in 2016.
Government has a target Gross Enrolment Ratio of 30 per cent to be achieved by 2020.
Indian literacy rate is estimated to be at 75 per cent in 2016 as compared to 63 per cent in 2011.
According to the Economic Survey of Delhi 2016-17, the city has observed an increase in expenditure on education. The national capital’s total expenditure (plan and non-plan) on education, including sports, art & culture, increased from US$ 713.8 million in 2011-12 to US$ 1.59 billion in 2016-17.
Source: Census 2011, Ministry of HRD, UGC, AICTE, NCTE, MHRD and INC . ,UGC Annual Report 2013-14