The education sector in India, particularly the higher education segment, is going through a very exciting phase. Not just is investment pouring in, the country's ministry of Human Resource Development (MHRD) is driving major policy changes that would have a long term impact on the overall education sector in years to come.
Sample this: While HRD minister Kapil Sibal recently indicated that India's higher education enrolment will move up to 4.4 crore from the current 1.4 crore by 2020, a Ernst & Young-FICCI report suggests that the segment will grow nearly 13% annually during this period.
The report also predicts that India's higher education spend that is currently pegged at `46,200 crore, would grow at an average rate of 12.8% to cross `150,000 crore in the next 10 years. It also highlights that the country's higher education system has the highest institution to student ratio