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January 30, 2008For Private Circulation Only - Sebi Registration No : INB 010996539June 5, 2008For Private Circulation Only - Sebi Registration No : INB 010996539
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Angel Broking
Service Truly Personalized
TM
Education
Executive Summary
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Industry
4Human Resources - Powering India’s competitiveness in Global Economy5Government initiatives to raise literacy rates in India6School Infrastructure – Not up to the mark10Public Private Partnership (PPP) – The way ahead15The role of private companies and educators16Indian IT Training Industry – Tracking the IT Industry with a lag18Corporate Training Market23Conclusion24
Companies
Educomp Solutions26Everonn Systems India46NIIT Limited60
Index
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January 30, 2008For Private Circulation Only - Sebi Registration No : INB 010996539June 5, 2008For Private Circulation Only - Sebi Registration No : INB 010996539
2
Angel Broking
Service Truly Personalized
TM
Executive Summary
"We don't need no education", sang the band Pink Floyd way back in the 70's in the famous super-hit album, "The Wall". While this may sound all right for idealistic rebels, it certainly does not apply to the current Indian scenario.
India's GDP has grown at a compounded rate (CAGR) of around 8.5% over FY2003-08, growingat over 8% in four of the five fiscals. GDP growth in FY2007 accelerated and came in at animpressive 9.6%. Even for FY2008, India logged in GDP growth of 9%, commendable by anystandards. This makes it a hat-trick for India's GDP, which has now recorded in excess of 9% GDPgrowth in each of the last three fiscals.A robust performance by the Services Sector, which has been clocking strong double-digit growthrates over the past few years, has been primarily responsible for the high GDP growth ratesrecorded. The Manufacturing Sector has also grown at a decent rate in excess of 6-7% annually.This fantastic growth rate has been achieved due to the humongous talent pool available in India,which is a subset of its entire population. The biggest asset of any country is its people. India hasa population if 108cr, the second-largest in the world. However, India's literacy rate is just 61%and it ranks a disappointing 172nd in the world on this front. Thus, there is a short supply ofeducated manpower in India. In fact, there is a huge requirement of talent in the fields ofHospitality, IT Services, Retail, Financial Services and Aviation, to name a few. We believe Indiawill have to significantly gear up its educational infrastructure to meet this demand.Education is primarily handled by the government through its school infrastructure and large UnionBudget outlays. The Indian Government targets to guarantee elementary education to every childbetween the age of 6 and 14 years and for this purpose, it expects to increase access toeducation as well as improve the quality of education being provided. It has been laying greateremphasis on the quality of education imparted in the country since the Eleventh Five-Year Plan.The quality of education has assumed importance in light of the poor academic achievement bythe students. We believe poor academic performance by students and lack of proper training insoft skills would reduce their employability post passing out of the education system.In line with this, to improve access to and taking care of the quality aspect of education, thegovernment has introduced programs like the Sarva Shiksha Abhiyan (SSA), Mid-day meal schemesand Kasturba Gandhi Balika Vidyalayas. These schemes stress on the following:
Increase the number of schools to provide access to a larger population,
Improve infrastructure of existing and new schools by building more classrooms andamenities,
Increase enrolment rates and reduce dropout rates,
Reduce gender inequality,
Recruit more teachers and train them to impart education more effectively, and
Improve the content and quality of education.The government is also looking at the private sector in its quest to further improve the quality ofeducation through Public-Private Partnership (PPP). The government targets to provide IT-basededucation to a majority of India’s student population through its PPP initiative. Private companies
Industry Overview
Education
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