A research report revealed recently that at USD 600 billion, the education spending in India has surpassed that of the US and is growing by leaps and bounds. The report has been prepared by Investor Relation Society, affiliated to US based Global Investor Relations Network
The education spend in India is at USD 600 billion and the private education segment alone is expected to cross USD 45 billion mark by 2015 from the present USD 35 billion the report said.
The report said that skill and vocational training are fast throwing good amount of opportunities.
With an education network of more than one million schools and 20,
000 higher-education institutes, the market size of the Indian education system is estimated at USD 45 billion, Investor Relation Society president M S Anand said.
The higher education in India shall soon witness a sea change, leading to a surge in the growth of education sector. The sector may not only witness emergence of growth of small companies into gigantic organizations, but also lead to entry of new players.
The education segment in India can be broadly divided into formal and informal. While formal education constitutes schools, higher education, and professional programs, the informal education includes pre-schools, multimedia, vocational training and virtual classroom training. Informal education is completely free from regulation at present.