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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. As of 2018, the education sector in India was estimated at USD 91.7 billion in the fiscal year of 2018.

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 the 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 education sector in India is expected to reach USD 101.1 billion in the fiscal year of 2019.
  • 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.
  • 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 improvement of education infrastructure in the country.
  • Indian education start-ups received close to USD 700 million funding in the year 2018.

  • 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.

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