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EDUCATION

Education is the backbone of a progressive society. India holds a significant place in the global education industry thanks to its extensive, competent institutions for higher education. However, there is room for further growth and development in the Indian education system.

India's large population of about 500 million offers a great opportunity for the education sector. Since the time of Nalanda, India has placed great importance on education. In accordance to various articles of the Indian Constitution, children aged 6 to 14 have the fundamental right to free and compulsory education provided by the government. Between April 2000 and September 2019, FDI inflows in the sector stood at USD 2.69 billion.

The government of India aims at raising its current gross enrolment ratio to 30 per cent by the year 2020. This will also result in the growth of distance education in India.

1

In the modern sense of university, India has the oldest university-system of education in the world: Nalanda.
2

India is the second largest market for e-learning, just preceded by the US

The sector is expected to reach US$ 1.96 billion by 2021 with around 9.5 million users.
The country has become the second largest market for e-learning after the US.
In the year 2017-18, India had 36.64 million students enrolled in higher education.
The e-learning sector in India is expected to reach US$ 1.96 billion by 2021 with around 9.5 million users.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), the total amount of Foreign Direct Investment (FDI) inflow into the education sector in India stood at USD 2.47 billion from April 2000 to March 2019.

In August 2019, Maharashtra International Education Board (MIEB) has signed a collaboration agreement with Google for Education in India.
In July 2019, Qatar sovereign fund led an investment round of US$ 150 million in Byju's.
Singapore is going to open its first skill development centre in Assam, which will provide vocational training to youth in the region.
The Indian education sector witnessed 18 merger and acquisition deals worth USD 49 million in 2017.
The Ministry of Human Resource Development, Government of India is planning to raise around Rs 1 lakh crore (USD 15.52 billion) from private companies and high net worth individuals to finance the improvement of education infrastructure in the country.

The government of India permits 100 per cent foreign direct investment (FDI) in its education sector under the automatic route of approval.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), the total amount of Foreign Direct Investment (FDI) inflow into the education sector in India stood at USD 2.47 billion from April 2000 to March 2019.