Indian Higher Education sector set to grow at 13 % CAGR
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Indian Higher Education sector set to grow at 13 % CAGR

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Indian higher education sector will surge at a CAGR of 15% by 2013 with increase in investment and ample opportunities, RNCOS acknowledged. According to a research report, “Indian Education Services – A Hot Opportunity”, education is the most crucial investment and an essential element for the development of India's economy. There exist ample opportunities for growth, diversification, and investment in the education sector. Moreover, with the increasing investments by both public and private players, we expect that, the annual student enrollments in higher education will 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. Our ongoing analysis found that, there are numerous 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, such as low pedagogic quality and lack of investment funds in providing quality education. Additionally, economic growth will result into 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. Further, our report also presents an overview of the number of universities, technical education institutions, and colleges available and required in the country. The report has bifurcated the entire education sector into four main segments: Engineering education, Medical education, Management education, and Vocational education. Our report presents a prudent analysis of all these courses and concludes that they will remain in high demand during the next few years. Our report “Indian Education Services – A Hot Opportunity”, has analyzed numerous factors, which can act as a catalyst for the growth of higher education in India. The report facilitates current industry status and forecast for higher education segments, with focus on potential students' enrollments, and college's requirements during 2011-2013. Besides, it provides coherent analysis of the need for opening up of universities (particularly foreign) in the country during the next few years. In this regard, the report presents the entry and operation regulations for foreign universities/institutions providing education in India.

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