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.
In the modern sense of university, India has the oldest university-system of education in the world: Nalanda.
India is the second largest market for e-learning, just preceded by the US
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