Why India is market for USA Educational Institutions?
Why India is
market for USA Educational Institutions?
The Indian traditional belief
was “right to education” but now it has changed to “right to quality
education”. According to the report, the education market is valued to be at
$100 billion and it’s going to binate by the year 2020.
The futures prospects of the young population are booming.80% of people are between the age group of 18-40. Indian Government has recognized the forthcoming growth in the education sector, so it has allowed Foreign Direct Investment of 100%, which can be a great opportunity for the Foreign Education Institutions to invest in Indian Market.
With the advent of technology and online presence has
improved and enhanced the education. This has not only has helped the student
to go beyond the bookish ideas but also have made an impact on overall growth
and nurture them with overall progression. With the digitization
of economy, we are moving towards rewiring the Indian education system which
requires a paradigm shift and direction from the developed economy. The main
agenda is to uplift and reinforce the overall education ideology.The futures prospects of the young population are booming.80% of people are between the age group of 18-40. Indian Government has recognized the forthcoming growth in the education sector, so it has allowed Foreign Direct Investment of 100%, which can be a great opportunity for the Foreign Education Institutions to invest in Indian Market.
With a cut edge competition in terms of meeting the Global standard set by Educational Institutions in the USA, Indian Institution is still trailing.
The massive transformation in Indian Education can be initiated by making small changes in the curriculum, that will make them job ready.
According to Industry estimate,
the global corporate learning market is over $30 Billion. In the next 3years,
corporate learning market will be the biggest revenue opportunities for the
companies. Indian IT Companies are looking to re-skill engineers in data
science, big data analytics, digital marketing, Artificial Intelligence and
many more. This gives an opportunity for Global Institutions to come in grab
the market share.
Key points [Why Should Foreign Institution
Come to India]
- Huge Student Segment
- Quality Skilled Resource for Corporate
- Opportunity to expand
- Growth in economy- As it attracts the foreign companies to set up their branches in India.
- Foreign Direct Investment
- Research and Development Projects.
- Global Education Imparted
- Student Interest on practical Learning
- Quality Skilled Resource for Corporate
India
has more than 260 million students enrolled in about 799 universities and
39,071 colleges and 11,923 stand-alone universities. India has one of the
largest higher education systems in the world. There approximately is 10,345
Engineering’s Colleges in India, 4500 B- Schools, 460 Medical Colleges, 1800
Law colleges
So, this data is a
huge in number and also humongous opportunity for a Foreign University to Enter
into Indian Territory. The Student Population is increasing as the fundamental
for any family is concerned to provide education. India ranks 92 among
education among 195 countries in the world. Therefore to improve the education
Industry, we need a support of Global Institution to uplift the Indian narrow
thinking on education.
Source- MHRD.
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