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Business environment in educational system

India has amongst the largest student populations in the world over 230 million enrolled
in schooling and higher education and a low literacy rate of 65% and ranked 172 globally. Also,
there is a short supply of educated manpower which is employable. To meet existing and
emerging demand, India needs to significantly gear up its education infrastructure.
Regulatory bodies :

The National Council of Educational Research and Training (NCERT) is the apex body
for school education in India.
The state government boards
The Central Board of Secondary Education (CBSE) board.
The Council for the Indian School Certificate Examinations (ICSE) board.
The National Institute of Open Schooling (NIOS) board.
AICTE which deals with technical eduacation

The Right of children to Free and Compulsory Education Act has come into
force on, April 1, 2010.according to this act every child in the age group
of 6-14 years will be provided 8 years of elementary education. No child
shall be denied admission for want of documents; no child shall be turned
away if the admission cycle in the school is over and no child shall be
asked to take an admission test. Children with disabilities will also be
educated in the mainstream schools. The Prime Minister Shri Manmohan
Singh has emphasized that it is important for the country that if we
nurture our children and young people with the right education, Indias
future as a strong and prosperous country is secure.

India's education system is divided into different levels such as pre-primary level, primary level,
elementary education, secondary education, undergraduate level and postgraduate level.
Functioning of School:
A school is an institution designed for the teaching of students under the direction ofteachers.
Most countries have systems of formal education, which is commonly compulsory. In these
systems, students progress through a series of schools
Play school and pre school (2-5 years)
Organized pre school market is dominated by private players a few of them are kidzee, eurokids,
treehouse.The current urban market size is estimated to be Rs. 6000cr.
Elementary education (6-11 years)
Rapid improvement in enrollment rates, at least in primary schools. Social disparity which was
very high till 90s has been reduced significantly.

Secondary education (11-18years)


It helps in development of nation.The gross enrollment rate is 52%, in senior secondary level it is
28%.Number of secondary schools are lesser than the upper primary schools. Private institutions
have been focusing on the area of professional courses like engineering and medical as well as
post graduation courses like MBA.

Functioning of Colleges and Universities


India has drastically improved in the standards of quality, but now it is subject to serious strain.
Only 8% of relevant age group go to universities. There are around 348 universities, 17625
colleges and more than 5 lakh teachers with 10.5 million students, but still there is an improper
institutional autonomy plus accountability which fails to maintain its standards. Low levels of
regulation have been a catalyst in creation of quality education in developed countries, but Indian
systems are archaic and a hurdle in promotion of increase in capacity and improvement in
quality. These problems can be reduced only by improving the quality and effectiveness, proper
mobilization of financial resources, increasing access and reducing regional imbalances. It is said
that Education is the backbone of any economy,An development in the higher education sector
will indirectly lead to development of infrastructure of our economy, promote collaboration with
international community, foreign governments, institutions, etc. Private institutions have been
focusing on the area of professional courses like engineering and medical as well as post
graduation courses like MBA. So our government had to improvise the infrastructure of
educational intuitions, promote Open University Education, and increase the foreign direct
investment and eventually to increase the funds allotted for education sector.About 185,000
Indians study overseas, spend US$ 4 billion annually and some are now returning to Indian jobs.
Foreign institutions want to be in India, but there is too many restriction to enter .but now the
scenario have started to change , certain foreign institutions have entered to operate in india
Quality of faculties:
The quality of faculty in india is low when compared to developed nations. Even many of our
leading B schools get the help for foreign faculty to deliver lecture.this is because in many of our
government education institute there is no proper rule to fire out the inefficient faculty.As stated
by few ministers, it is said that the faculty of standard intuitions like IIT and IIM are not equal to
world class but the Excellency is gained only because of quality of students. Students travel to
abroad for gaining more knowledge about the subject.
Placements :
Direct campus placements are porvided by certain colleges and universities. Most the leading
MNC companies recurit students in their colleges respectively. In a recent report it is stated that
number of students recurited in placements are increaisng. This reveals that the employable skills
of the students are insreasing, but the scope for improvement in increasing the skill of students
are high.
Conclusion :

Although globally education as a business does not lend itself to corporatization, as there are
limited economies of scale, in India corporate participation in education is essential because of
the sheer number of seats that need to be created. This capacity build-up needs to be done with a
strong project execution mindset and this can probably be done by corporate India alone, as
opposed to small scattered entrepreneurial ventures or large though inefficient new government
initiatives.

Reference
http://planningcommission.nic.in/plans/planrel/apppap_11.pdf
http://www.technopak.com/Perspective/vol1/A%20Report%20Card%20on%20India's
%20Education%20Sector%20.pdf
http://www.right-to-education.org/
http://free-books-online.org/mix-books/introduction-to-sociology/functions-ofschooling/
http://www.ey.com/Publication/vwLUAssets/Edge_2011/$FILE/EDGE2011_report_India
n%20Higher%20Education.pdf
http://www.icbse.com/universities/foreign/