The Indian Education Industry - ‘E’mpowering Lives
In terms of demographic profile, India remains one of the youngest nations in the world with 38.2% of its population in the 0-5 year age bracket. This translates into the Indian Education system being one of the largest educational systems globally with a network of more than 1.2 mn schools and around 31,000 Higher education institutes. Education, being one of the important determinants of human welfare of any nation, the GoI has accorded priority for the promotion of education especially primary & secondary education in India. Correspondingly, the government’s spend on education as a percentage of GDP stood at 3% while accounting for 11.3% as a proportion of all public expenditure. However, the GoI is faced with several hurdles in terms of penetration across all education segments viz: Pre- school, K-12, Higher education etc as well as reaching out to the students in tier-III cities and rural areas. The GoI has therefore emphasised on Public Private Partnership (PPP) in education so as to augment the literacy rate from 74% as per the Census 2011. The educational segments i.e. Pre-school, K-12, Information & Technology (ICT) in schools and Higher education form the important constituents of the Indian education. Of the same, the Pre- school market in India still remains largely unorganised and under-penetrated. However, the ease of setting-up of pre-schools as well as the growing acceptability of pre-school concept in India augurs well for the industry. The K-12 institutes in India largely remain governed by the GoI accounting for 80.2% of the total 13.5 lakh schools in India. Of late, with greater interest evinced by the private corporates/ trusts / educational societies etc, the share of private institutions in the K-12 space has grown from 18.9% in FY07 to 19.8% during FY11. The scope of ICT in schools has also gained prominence in recent times through GoI’s programmes such as Sarva Shiksha Abhiyan (SSA), ICT @ Schools etc. The penetration of ICT in schools however remains low especially owing to the slower pace of such roll-outs in the government owned or aided K-12 schools. In case of Higher education institutes, the ‘not-for-profit’ mandate coupled with the requirement of affiliation from multiple regulatory bodies such as UGC, AICTE etc proves to be a roadblock for the entry of private institutes. However, in view of the rising enrolments in higher education coupled with the growing variety of educational streams, the private sector participation is expected to grow to catch in the growing penetration levels. CARE Research expects the size of the Indian Education System at US$ 102.1 bn with CAGR of 11.2% during FY11-15. Apart from the growth of educational segments as mentioned above, CARE Research expects the other trends such as GoI’s orientation towards PPP, entry of corporates and foreign educational institutions (especially in K-12 & Higher education), growing focus on the Distance education mode of learning and growing acceptability of the vocational courses to remain the key drivers to the growth of education in India.
Beginning with a brief statement on the educational situation on the eve of independence, In spite of all that had been achieved under the British Rule, we began our Freedom on a fairly low level of attainment in education in almost all respects. We then had 17 universities and 636 colleges (With a total enrolment of 238,000 students), 5,297 secondary schools with 870,000 students, implying that not even one youth in every twenty in the age-group 14-17 was in school, 12,843 middle schools with two million pupils and 1,72,661 primary schools with fourteen million students (which implied that only one child out of every three in the age-group 6-11 was in school). Vocational and technical education was but poorly developed, both at the school and university stages,...