A Report Card on India’s Education Sector

Background Enrollment in Schooling and Higher Education Faculty-wise Enrollment in Higher Education and Industry Needs Projected Growth in India’s Private Education Regulation Foreign Participation Private Sector Participation Private Equity Investment Conclusion 75 75

76 77 79 81 82 83 84

In the school going bracket. we estimate that India would see a shortfall of 4 million seats in higher education by 2015 and 7 million by 2020 Education comprises three broad segments – schooling (pre-school and kindergarten to class 12 or K-12). dropping down to 42% in classes 9 to 12. Also.3% of GDP Also. post graduate and PhD programmes) and vocational education (IT. spending . only 227 million of the eligible 304 million are in school. Mn 134 51 42 227 Gap. per student has fallen and the share of education in the five-year plans has reduced considerably. The Government of India (GoI) targets to guarantee elementary education to every child between the ages of 6 to 14 years and for this purpose. with the GoI showing a clear willingness to engage the private sector in the education sector. The enrollment ratio at primary level (class 1 to 5) is 106%.perspective | Volume 01 a quar terly repor t by Vol u me 0 1 / 2 0 0 9 Background 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% (ranked 172 globally). India needs to significantly gear up its education infrastructure. Mn (7)* 26 58 77 Enrolled Percent 106% 66% 42% 75% *Enrollment is more than 100% because a number of children entering schools in Class 1 are either older than or younger than 6 years Source: “Selected Educational Statistics 2005-06“. Mn Grades 1 – 5 Grades 6 – 8 Grades 9 – 12 Total 127 77 100 304 Eligible. This segment examines enrollment in the first two. We examine seven areas in detail below. etc. largely through increased private participation. in 1968 fixed a target of investing 6% of GDP on education by 1986. it needs to increase access to education as well as improve the quality of education. “Elementary education in India“-NEUPA / DISE 2007-08 & Technopak Analysis 75 | A Report Card on India’s Education Sector .Dept. Ministry of HRD.). there are significant opportunities for companies both in government and private schools. hospitality. India has a population of about 434 million in the age group of 5 to 24 years of which 304 million are in the school going bracket (Exhibit 1) and the remaining 130 million in the higher education age group. Given this background. the GoI has been laying greater emphasis on the quality of education. France 7%. Current spending on education in India is not more than 3. the GoI. there is a short supply of educated manpower which is employable. Enrollment in Schooling and Higher Education Based on current trends. To meet existing and emerging demand. aviation. this paper presents a report card on India’s education sector. retail. But this target was not achieved by a long distance. Also. Exhibit 1: Schooling – Enrollment Levels Enrolled. On recommendations of the Kothari Commission.5% of GDP and has never risen beyond 4. Increased demand for education has led to some growth in supply in the recent years. However. financial services. higher education (graduate. high dropout ratios at different levels and the demand supply gap. The ‘gap’ is due to a combination of reasons including children not in school. of Higher Education. the US spends 12% on education. Since the 11th Five Year Plan. Malaysia 20% and Thailand 27%. the increased capacity falls significantly short of the needs of the country. In comparison.

07 Source: University Grants Commission (2006) & Technopak Analysis Faculty-wise Enrollment in Higher Education and Industry Needs About 50% of graduates are studying Humanities & Arts. Finance and Service professionals The most popular fields / streams are Humanities and Arts. Business and Law Education Health 7% 5% 2% 5% 2% 0 Brazil China India Russia Source: Goldman Sachs Research The Gross Enrollment Ratio (GER) in higher education in India (percent of relevant age group enrolled in higher education) is estimated at 11%. 1. we estimate that India would see a shortfall of 4 million seats in higher education by 2015 and 7 million by 2020.04 0. China has more than 1/3rd of its enrolled students in engineering. Of India’s eligible population base of 105 million people in the age group of 20 to 24 years. In comparison. Medical. while the industry needs much higher numbers of Engineering. This number is expected to grow at over 5% annually. The first two streams together attract nearly 2/3rd of the students enrolled. while engineering attracts only 7%. enrollments levels are 60% in the US and 16% in China. followed by Social Science. In comparison. and the new supply of seats for higher education builds up at the current pace. Business and Law (Exhibit 3). Exhibit 3: Graduation Rates by Field 50 45% 47% 40 37% 36% 30 26% 27% 21% 20% 20% Humanities and Arts Agriculture Science Engineering.81 A Report Card on India’s Education Sector | 76 . Brazil and Russia have high enrollments in social sciences.11 0. through a combination of increasing GER and growth in population.perspective | Volume 01 a quar terly repor t by Vo l u m e 0 1 / 2 0 0 9 Enrollment Numbers (Millions) 6 4 2 0 Graduate Diploma / Certificate Post-Graduate If these trends in higher education continue. roughly 11 million (Exhibit 2) are enrolled in higher education. business and law and a significant number in education. Exhibit 2: Higher Education – Enrollment Levels 10 8 9. Manufacturing and Construction 9% 11% 7% 7% 3% 1%1% 4% 3% 4% 6% 20 12% 14% 10 3% Social Science.

5 million by 2015 and 2020 respectively. and less than 1. The future employment demand for these industries is estimated at 5 million and 6.000 seats available for fashion design notwithstanding the fact that a majority of fashion design graduates just fade away in buying houses and garment exporters’ offices doing anything but actual design.perspective | Volume 01 a quar terly repor t by Vol u me 0 1 / 2 0 0 9 There is clearly a mismatch in the faculty wise enrollment in India and industry requirements. telecommunication and manufacturing. retail & consumer goods. 77 | A Report Card on India’s Education Sector . management.) makes up 60%. if supply can keep pace) India’s private education sector currently (2008) stands at US$ 40 billion. power. What is even more worrisome is the lopsided addition of higher education capacity. a rapidly expanding availability of seats for more exotic versions such as BBA. The ten high growth industries / sectors in India are telecom. business. Close to 34% of school going children attend 20% of the schools (private schools).000 seats for industrial design. India certainly needs more engineers especially in the context of the massive investment needs in basic infrastructure including construction. a disproportionately high number is focused on IT while a very low number is available for disciplines such as civil. For an economy that is just about 7% the size of the US. This trend is set to continue. India has almost 50% more seats for MBA and even more disturbingly. bio-medical and industrial engineering.) 17%. The education sector is projected to grow at 11% (from demand perspective) over the next 10 years. and is projected to grow to US$ 115 billion in 10 years (from demand perspective. to reach US$ 70 billion by 2013 and US$ 115 billion by 2018. against a current deficit (and increasing each year) of almost 500. the number of colleges and institutes need to be increased to cater to increased enrollment levels. real estate & construction. Of the US$ 40 billion in private education.000 seats available for architecture. For example. In addition. India will have the youngest population in the world which is also the least educated.000 per year. the total intake of fresh students is less than 40. finance. etc. material.000 engineering seats available each year.6 billion to education in its budget for FY09. Projected Growth in India’s Private Education Private education is currently (2008) estimated at US$ 40 billion. of the estimated 300. engineering goods. vocational education 6% and test preparation 4%. whereas there are over 5. There is a growing shift towards private schooling. but the private sector is almost five times this amount. automotive and aviation & airlines. If the Government does not liberalize the education sector immediately. healthcare & pharmaceuticals. Almost 6 million college seats are required in the 2009 school-leaving year. tourism & hospitality. MBA. medical. The GoI allocated US$ 8. as gap in quality between public and private schools widens. and service industry professionals. the total number is below 4 million and that includes all seats irrespective of their quality and geographic clustering. There is a pressing need for re-orienting the stream wise enrollment.000 doctors. For the expected massive investment in the real estate sector over the next 20 years. Against this. etc. stationary. Yet. IT-ITES. text books. tutoring (for school children) 13%. Higher Education (largely engineering. These industries will require a much higher numbers of engineering. banking & finance. there are less than 5. Likewise. and encourage massive public as well as private investment in this sector. K-12 schooling (tuition.

other high growth areas include: Test Preparation Consumption of private tutoring for competitive exams of all levels is embedded in the Indian culture. Besides schooling and higher education. In 2008.800 6.800 8.400 2.300 70.050 240 235 3.200 1.200 14.200 1. Pre-school. IT training and E-learning. child skill development. as the requirement for quality teachers will be very high.965 17%-22% 33%-38% 33%-38% 45%-55% 10%-15% 45%-55% CAGR 2018 US$ Million 5.900 24.425 20%-25% 5%-10% 8%-13% 5%-10% 5%-10% 25%-30% 60%-70% CAGR 2013 US$ Million 3.300 8%-13% 13%-18% CAGR 2013 US$ Million 11.800 Higher Education Main Segment Higher Education Preparatory Total 2008 US$ Million 6.400 7%-12% 10%-15% CAGR 2018 US$ Million 18. Teacher training is likely to continue to grow at 40% to 50%.410 10%-15% 5%-10% 5%-10% 3%-8% 3%-8% 20%-25% 50%-60% CAGR 2018 US$ Million 5.800 3.700 1.000 2. educational CD-Roms and child skill enhancement segments are likely to continue to remain an urban phenomenon. Test preparation has been in existence for quite some time for taking any competitive exams. about A Report Card on India’s Education Sector | 78 .000 5.100 3.520 20%-25% 35%-45% 35%-45% 50%-60% 15%-20% 50%-60% CAGR 2013 US$ Million 2.000 390 320 47. Multimedia in schools.000 1.380 120 25 30.700 1.200 11.600 4. though relatively small segments in 2008 are forecasted to grow in the range of 25% to 60% and will together represent 1/4th of the sector.500 15 2. as other segments grow faster.200 3.100 5.800 43.500 30.200 21. preparatory and vocational studies. K-12 schooling and higher education will together represent about 2/3rd of the sector.100 1.000 Vocational Education & Skill Development Main Segment Child skill enhancement IT training E-learning Finishing school Vocational Teacher training Total 2008 US$ Million 740 195 45 25 1.600 1.000 2.600 8.500 Source: Market Sources and Technopak Analysis Pre-schools. Mostly the preparation starts during classes 11 and 12 for engineering and other competitive exams.perspective | Volume 01 a quar terly repor t by Vo l u m e 0 1 / 2 0 0 9 Exhibit 4: Private Education – Size and Projected Growth Schooling Main Segment Pre-School K-12 Tutorial Books Stationery Education CD-ROMs Multimedia in School Total 2008 US$ Million 1.700 1.100 140 6.100 20. with a small percentage drop in 10 years.

is regulated at both the Central and 79 | A Report Card on India’s Education Sector . Plumbing. CD-ROM on Indian Patents and the National Union Catalogue of Scientific Serials brought out by INSDOC etc. digital publishing is economical too. When compared to conventional books. equivalent to about 250. but it seems to be on the rise in the country. while as many as 270. Environmental & Allied Databases (AHEAD) published by NISCOM. Hair & Skin Care. This is not surprising given the high number of Indian students going abroad to pursue higher education. a leading technology driven K-12 education company provides education related CD ROMs. medical and management. but Indian systems are archaic and a hurdle in promotion of increase in capacity and improvement in quality Shortage of quality education institutions is a product of India’s tightly controlled regulatory structure. financial services and basic skills). Educational Material Education CD ROMs are gaining popularity. Electrical Technician. 63% of those surveyed thought that online and e-learning is equally good or better than classroom teaching. Desk Top Publishing. as compared to 52% in 2003. Some initial apprehensions about online education are now reducing. Apart from course work. Library Assistant. There is no centralized source for data on electronic publishing in India. With a significant growth projected in these sectors and a shortage of skilled manpower. the Government intends to open 250. Indian students now constitute 15% of the total US foreign enrollment. Additionally. they occupy less space and are able to store substantial information: a typical CD Rom can store 650 MB or more of information. Some institutions such as the Indian National Scientific Documentation Centre (INSDOC) and the National Institute for Science Communication (NISCOM) are playing predominant roles in bringing out various scientific publications in CD ROMs (e. some e-learning portals are also conducting mock tests for various competitive examinations like engineering. As a result. hotels. and Fruit & Vegetable Preservation Programs (basically training for airlines.000 vocational schools in India in the next five years via the Public Private Partnership (PPP) model. Secretarial Practices. Electronics. Computer Operator & Programme Assistant. retail chains. GRE and SAT exams every year.). Educomp Solutions. Online Education Online education is an emerging segment. where the private sector may play a major role.perspective | Volume 01 a quar terly repor t by Vol u me 0 1 / 2 0 0 9 320. Vocational Training Indian education has so far not given due importance to vocational education. online education in India is looking up and its scope growing as well. Education.000 pages (A4 size) of text. Vocational training courses include: Typewriting. Regulation Low levels of regulation have been a catalyst in creation of quality education in developed countries.g. a substantial number of students prepare for and take the GMAT. covered by the ‘Concurrent List’ of the Indian Constitution. As per a recent survey. amongst other tutorial products. Almost all renowned newspapers and magazines are available on the web. Cutting/Tailoring & Dress Making. Architectural Draughtsman.000 students appeared for the CAT exam.000 more than the previous year) appeared for the IIT-JEE exam. Refrigeration & Air Conditioning. Asian Health. Stenography. Apart from the above two. With the number of internet users increasing.000 students (almost 70. there remains a gap between the requirement and availability of skilled manpower.

Media reports. Exhibit 6 examines this in greater detail. Deemed University or affiliate to any Indian University State Govt. including AICTE (All India Council for Technical Education) and UGC (University Grants Commission). Regulation differs. City Municipal Dept. Haryana and Gujarat permit ‘for profit’ schools. for registration. India. Exhibit 5: Regulatory Framework in Education Segment Pre-School Authority State Dept. UGC. while Maharashtra. Ministry of Education and Human Resource Development. but there is no umbrella regulation for K-12 schools. from state to state. likely to go up to 49. DGET. AICTE. Haryana 25% for aided schools in some states – Delhi. NCVT/SCVT for affiliation Registrar of companies in a state Mandatory Recognition Yes Fee Structure Not Controlled* Not Controlled Not Controlled Not Controlled Partly Controlled Not Controlled Not Controlled Course Content Not Controlled* Controlled Profit Making Ambiguous as reasonable surplus not defined Not Allowed Quotas No quotas 25% for aided schools in some states Delhi. of Education. Society Registrar State Dept. what you can teach them and what you can charge them. For example. Haryana No quotas 22. Delhi refrains from commercialization of education. Exhibit 5 outlines the restrictions on different segments of education.5% Certain states – Tamil Nadu No quotas Primary Secondary / Higher Secondary Tutoring Higher Education Vocational Training Preparatory Yes** Yes Yes Controlled Not Controlled Partly Controlled Not Controlled Not Controlled Not allowed Allowed Yes Not Allowed Yes No Allowed Allowed *except in some states like Maharashtra **except in some states like Punjab Source: Ministry of Human Resource Development and Ministry of Education Ministry of Human Resource Development and Ministry of Education. There are considerable entry barriers: Universities can be set up only through acts of legislation. nor a uniform law for schools. Society Registrar. Respective preparatory institute’s websites A low level of regulation has been the catalyst in creation of quality education in developed countries. and accreditation systems are extremely weak and arbitrary. National Council for Vocational Training. Exhibit 6: Comparison of Regulation Across Countries Segment Pre-School India Profit motive allowed US Profit motive Allowed Profit motive Allowed Profit motive Allowed Profit motive allowed UK No regulations Korea Low regulatory barrier Low regulatory barrier (Fee hike cannot be more than inflation) Low regulatory barrier Not controlled Brazil Low regulations No government interference in fees / profitability No government interference in fees / profitability Not controlled Singapore Low regulations K-12 Non profit motive Profit making not allowed Profit making allowed (since 2004) Not controlled - Profit making allowed Profit making allowed Special policies to encourage growth - Tutoring Higher Education Vocational Preparatory Profit motive allowed Non profit motive Profit motive allowed Profit motive allowed Source: Published reports/articles. NCERT NCERT / CBSE / ICSE / State Board (for course affiliation) NCERT / CBSE / ICSE / State Board (for course affiliation) UGC/Councils for recognition and affiliation. Higher education has several regulatory bodies. Currently. approval procedures for starting new courses are cumbersome. It also has huge regulatory bottlenecks. UGC Source: CLSA Asia-Pacific Markets. syllabi revision is slow. Departments of Education of respective countries A Report Card on India’s Education Sector | 80 .5% current (for private aided & unaided).perspective | Volume 01 a quar terly repor t by Vo l u m e 0 1 / 2 0 0 9 State Government levels. sometimes radically. NCERT AICTE. City Municipal Dept. of Education. the Government regulates who you can teach. CBSE.

Lack of political will makes a change in this scenario unlikely for now Numerous foreign educational institutions have shown keen interest in coming to India. but are currently not permitted to do so. Washington DC.perspective | Volume 01 a quar terly repor t by Vol u me 0 1 / 2 0 0 9 Foreign Participation About 185. Two foreign institutions (Georgia Tech University. Foreign institutions want to be in India. However. various foreign universities are operating in India through collaborations and ‘twinning’ arrangements. along the Mumbai-Pune ‘knowledge corridor’ and also in the Mumbai-Nashik-Pune triangle. USA and Schulich School of Business. It has also called for making “a conscious effort to attract foreign students for higher education to enrich our academic milieu”. Currently. while others are planning facilities along the Mumbai-Pune expressway. foreign universities are not permitted to open campuses or confer degrees in tie-ups with Indian partners. Canada) are in discussions for acquiring land for their new campuses on the outskirts of Mumbai. About 40 international universities have sought land for their campuses. spend US$ 4 billion annually and some are now returning to Indian jobs. Several IT and software parks have come up along this 100 km stretch and new SEZs are also being promoted here. many state governments are eager to attract foreign education service providers.000 Indians study overseas. The National Knowledge Commission (NKC). Key Features of FEIB are: • Only the FEIs which are accredited in their country of origin and meet the standards set by UGC will be allowed to operate in India • Their admission process. The NKC has also suggested the setting up of an independent regulator for higher education. The American University. Manmohan Singh to open up the higher education sector. Currently. 81 | A Report Card on India’s Education Sector . “We must formulate appropriate policies for the entry of foreign institutions and for the promotion of Indian institutions abroad. to attract the largest number of foreign universities. which would also have degree-granting powers. period of operation / renewal will be regulated by UGC • They will have to be incorporated under Indian law & will be given ‘deemed to be university’ status • They can grant admission. any university or deemed institute has to seek AICTE’s approval before getting into a foreign collaboration for technical education. A Gulf-based institute wants to invest US$ 300 million in a new campus. Maintenance of Quality and Prevention of Commercialization) was introduced in Parliament in 2007 and has made little progress due to limited political will. The AICTE has recently notified such unrecognized tie-ups for technical and management education as illegal. award degrees. Maharashtra is in the race. fee structure. along with many other states.” the NKC said in its note to the PM. diplomas or certificates • Invest at least 51% of capital expenditure required • Surplus from Indian operations has to be re-invested in India Interestingly. has also urged Prime Minister (PM) Dr. is also considering a tie-up with an Indian business group. A bill to allow entry (the Foreign Educational Institutions Bill (FIEB)– Regulation of Entry and Operation. for a campus near Mumbai.

Harvard and Wharton. by Reliance Industries • Stonehill International School. coming from a very small 0. They include Stanford University (with IIM. Some examples of corporates in education are: K12 Schooling • Dhirubhai Ambani International School. Anil Agarwal. a subsidiary of Ansal API and Educomp’s subsidiary. but also as a profit venture that will also create trained manpower for their other businesses There is clearly an opportunity for private players to enter the education space.000 Indians study overseas and spend US$ 4 billion annually.001% segment of the student population. as job markets in India are more attractive. an ‘operate and manage’ model is now legally accepted and enables a ‘for profit’ model in education. political will to make required changes remains a big question.000 acres with estimated investment of more than US$ 3 billion in Orissa A Report Card on India’s Education Sector | 82 . Schooling and higher education are ‘not for profit’ ventures due to the requirements of being registered as a Trust or Society. with EBITDA levels of 30% plus and project IRRs ranging from 20% to 30% levels. especially in contrast to weak macro scenarios in the western markets. by Knowledge Tree Infrastructure. In such ventures. Amity University and the Indian School of Business. Also. Private Sector Participation Education presents a large opportunity to the private sector. Corporate participation is clearly required in building the education landscape of India. Some success stories are Manipal University. especially corporate India. However. A number of these students are now returning to India after completing their studies. Bangalore). spread across 6. Edu Infra Higher Education • Proposed Vedanta University by Mr. some have already gone ahead with tie-ups. given that about 90% of all engineering seats in the country are run by politicians. by Embassy Group • Educomp Millennium Schools. This opportunity exists in all three segments – schooling. This is almost 10% of the private spend on education. and in almost all parts of India. and Purdue University. Chairman of Vedanta Resources Plc. Ahmedabad). higher education and vocational training. are also keen on offering courses to students in India. financial returns are attractive. private sector participation is more likely to lead to the creation of thought leadership and centers of excellence in the country. About 185. While many international universities are awaiting the final clearance from the Union Cabinet. This can then support policy development and at the same time incorporate industry demands in a market based curriculum. as such firms not only bring in project management experience and financial capability. but also the mindset to achieve the right quality. and also provide a much needed boost to quality. who need to look at education not just as Corporate Social Responsibility (CSR).perspective | Volume 01 a quar terly repor t by Vo l u m e 0 1 / 2 0 0 9 Top American universities including Stanford. which is further exaggerated due to the low quality of education and capacity constraints at the premium colleges / institutions. and Europe’s INSEAD Business School. Entry of leading foreign institutions will enable some of this US$ 4 billion spend to stay in India. Columbia University (with IIM. However. There is a large demandsupply gap.

0 12.5 2.0 3.000 teachers in IT skills under their flagship program ‘Project Shiksha’ • Reliance Industries (RIL) is planning to set up a full fledged university in the state. Microsoft would be training 50. the venture capital arm of media group Network 18 Intel Capital. This can be clearly seen in the number of private equity deals that were finalized in the last two years.0 18. Published articles.0 6.5 31. Mr. Ltd Global Talent Track WLC India UEI Global HMSC Learning Deal Size (US$ Million) 5.0 7. The company is learnt to have zeroed in around 800 acres on the outskirts of Vadodara for the proposed university project • Adani Group is planning to establish an Institute of Infrastructure Management.0 Oct-2007 Oct-2007 Dec-2007 Jan-2008 Jan-2008 Apr-2008 May-2008 18. Shiv Nadar.0 Period Jan-2006 Jun-2006 Dec-2006 May-2007 May-2007 Aug-2007 Oct-2007 8. Table 6 summarizes these deals. They have been actively looking out for deals in the areas where profit is allowed. Sherpalo Ventures & Inforedge Aditya Birla Group D E Shaw Blackstone. To mark a beginning. New Vernon & Reliance (part of ADAG) Light Speed Venture Partners & Sequoia Capital Matrix Partners Capital 18.0 3. a university and an Adani Knowledge Centre Private Equity Investment Apart from Indian Corporate entering the education space. private investors have been carefully monitoring the education sector realizing the great potential that the sector has to offer. Tutorvista India Tree House 24x7 Solutions Learning Pvt.com Target Brainvisa Tutorvista Tutorvista Manipal Universal Learning Meritrac Mahesh Tutorials ICA Career Launcher Hurix Systems VETA Study Places Core Projects Excelsoft Everonn Systems Ltd.0 10. spread across 300 acres in NOIDA • Corporate India backed Indian School of Business (ISB) has announced plans for a second campus near Mohali • Microsoft India announced an investment of $20 million in the Indian education sector over the next five years. Exhibit 7: Private Equity Deals in the Education Sector PE / VC Investments in Education Companies WestBridge Capital Partners Sequoia Capital Lightspeed Venture Partners & Sequoia Capital IDFC Private Equity Manipal Education & Medical Group (HSBC Private Equity Asia) Helix Investments SAIF Partners Gaja Capital Helion Ventures SAIF Partners KPCB.perspective | Volume 01 a quar terly repor t by Vol u me 0 1 / 2 0 0 9 • Proposed multi-disciplinary University by HCL’s Founder and Chairman.3 5. considering the huge demand from consumers. www.1 10. Helion Ventures Zephyr Peacock Berggruen Holdings EMPGI Source: Media reports.indiape.5 Jul-2008 Jul-2008 Oct-2008 Jan-2009 NA NA NA 83 | A Report Card on India’s Education Sector .5 4.0 31.

Vice President I raghav. in India corporate participation in education is essential because of the sheer number of seats that need to be created.jasuja@technopak. as opposed to small scattered entrepreneurial ventures or large though inefficient new government initiatives. as there are limited economies of scale.perspective | Volume 01 a quar terly repor t by Vo l u m e 0 1 / 2 0 0 9 Conclusion Although globally education as a business does not lend itself to “corporatization”. academia-research laboratories. the demand-supply gap in education (especially so in higher education) in India is glaring. Senior Consultant I luv. public-community etc.com A Report Card on India’s Education Sector | 84 .com Luv Jasuja. for private participation to quicken. academia-industry partnerships. Associate Director I stuti. Also. publicNGOs.gupta@technopak. especially when “quality supply” is considered. rules and regulations surrounding “not for profit” need to be reviewed. will need to be the models rather than working in separate compartments Clearly.modi@technopak. This capacity build-up needs to be done with a strong project execution mindset and this can probably be done by corporate India alone. A strong product to support the brand and international collaborations with the best universities / institutions • Industry relationships to co-create curriculum and guarantee placements and increase employability dramatically • Governmental relationships to facilitate necessary approvals • Public-private-partnerships. Key success factors for private education in India include: • Creation of a strong brand which can command a premium with the student community and signal quality to employers and differentiate with other institutes • Management of regulatory environment by creating a clean for-profit structure • Strong academic partnerships to differentiate on content and its delivery. However. The big question that remains is-when will the powers-that-be act on these two critical aspects that will possibly have a very significant impact on the overall economic growth of India? Authors Raghav Gupta.com Stuti Mody. increasing competitiveness requires participation from international world class institutions in setting up campuses in India.

Sign up to vote on this title
UsefulNot useful