The Indian Education Industry

• Industry Scenario: India’s education and skills market will grow double this decade, from $180 Bn in 2020 to $313 Bn in 2030,
while creating 5 Mn incremental jobs and impacting 429 Mn learners. CAGR: 21%(Edtech)

Major Players Growth & Trends

I. K-12 Education
• Increasing Enrollment Rates: The gross enrollment ratio (GER) for
National Chains primary education has increased from 80.3% in 2011-12 to 98.4%
in 2019-20. (Source: Ministry of HRD)
• BYJU's: According to a report by KPMG and Google, It was valued at
over $22 billion in 2021, making it one of the world's most valuable
• EdTech Boom: The Indian edtech market is expected to reach $30
edtech companies.
billion by 2026, according to a report by KPMG and Google.
• Vedantu: The platform claims to have over 60 million students and
20,000 teachers.
• Government Initiatives: The NEP 2020 aims to increase the GER
Regional Chains & Boards for higher education to 50% by 2035.

• DPS (Delhi Public School): A chain of private schools with a strong

presence across India.
• CBSE (Central Board of Secondary Education) and ICSE (Indian
Interesting Facts
Certi cate of Secondary Education): National boards followed by many
schools in India.
• The country has achieved 100% Gross enrolment ratio (GER) at
II. Higher Education the primary level, comparable to developed nations.

Public Universities Private Universities • 10 Indian Institutes in the Top 500 in QS World University Rankings
• IITs (Indian Institutes of Technology) • Manipal Academy 2024
• IIMs (Indian Institutes of Management) • Amity University
• AIIMS (All India Institute of Medical Sciences) • SRM Institute • Deakin University becomes First foreign university to set up its
International Branch Campus in India at the GIFT City.
III. Vocational Education
• India has a demographic advantage as there is a huge market for
• Skill India Mission: In the 2024 budget speech, the Union government education with over 580 Mn people in the age group of 5 to 24 years.
claimed that 14 million individuals were trained under the Skill India 68% of India’s population is young and 55% of its population is in the
Mission. age group of 20-59 (working population)
• Reference: thewire.in
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 The Indian Education Industry
• Industry Scenario: India’s education and skills market will grow double this decade, from $180 Bn in 2020 to $313 Bn in 2030,
while creating 5 Mn incremental jobs and impacting 429 Mn learners. CAGR: 21%(Edtech)

Challenges
Regulatory Bodies
• Infrastructure Development: According to the National
Sample Survey Organization (NSSO), 25% of primary schools • Ministry of Human Resource Development (MHRD): The
and 40% of secondary schools lack basic facilities like toilets, primary government body responsible for education in India. It
drinking water, and electricity. sets policies, regulations, and standards for the education
sector. NIRF (Ranking Framework)
• Teacher Quality and Training: A study by the National • University Grants Commission (UGC): Responsible for
Council of Educational Research and Training (NCERT) found coordinating and funding higher education in India. It regulates
that 40% of primary school teachers in India are not quali ed. universities and grants a liation.
• All India Council for Technical Education (AICTE): The apex
• Accessibility and A ordability: Private schools often charge body for technical education in India.
high fees, making education inaccessible to many students. • National Council of Educational Research and Training
(NCERT): An autonomous organization responsible for
curriculum development, teacher training, and educational
research.
• National Assessment and Accreditation Council (NAAC): A
peer review body that assesses and accredits higher
educational institutions.
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 Future of Service Industry: India
Promising Sectors
• IT and BPO: India's share of the global IT services market is estimated
to be 10%. (Source: Nasscom)
• Healthcare: The Indian healthcare market is expected to reach $357
billion by 2025. (Source: KPMG)
• Education: The Indian education market is projected to grow at a CONCLUSION
CAGR of 10% between 2021 and 2026. (Source:Research and Markets)
• Financial Services: India's digital payments market is one of the
fastest-growing in the world, with a transaction value of $1.3 trillion in • India is a unique emerging market in the globe due to its
2023. (Source: PwC) unique skills and competitive advantage created by
• Tourism: India is the world's third-largest tourism destination, attracting knowledge-based services. The Indian services industry
10.9 million international visitors in 2022.(Source: World Tourism is supported by numerous government initiatives like
Organization)
Smart Cities, clean India and digital India that is
fostering an environment that is strengthening the
Challenges & Opportunities services sector. The sector has the potential to open up a
multi-trillion-dollar opportunity that might stimulate
symbiotic growth for all nations.
• Skill Development: According to a report by the World Bank, India
needs to train 400 million people by 2022 to meet the demands of the
labor market.
• Infrastructure: Investments in infrastructure are crucial for supporting
the growth of the services sector. The government has allocated $1.4
trillion for infrastructure development under the National Infrastructure
Pipeline.
• Regulatory Environment: A conducive regulatory environment is
References
essential for attracting investment and fostering innovation. The • Government Reports: MHRD Annual Report, NEP 2020
government has taken steps to improve the ease of doing business in • News Articles: The Economic Times, Mint, Business Standard, Wire
India. • Government Websites: MHRD
• EdTech Reports: KPMG and Google, McKinsey & Company