The India education space is probably one of the largest markets in Asia with a population of over 1.13 bn. With the government planning to spend around 5% of GDP in the next 5 years on education, the market could be any where worth $ 50-55 bn.
Per household, spending on education is roughly 9% which is next only to grocery. So India, having a focus towards families and children is a market hugely conducive to growth in the education sector.
Public private partnership is widely believed to be the way ahead if the huge demand for education institutions has to be fulfilled.With this there would be a proportionate demand for teachers. So a large scale and consistent teacher training would also be the need of the hour. I think there is a need to revamp the BEd degree in India and also to make the teaching career glamorous.
India Education services being taken forward by Mr. Kapil Sibal seems to be a step in the right direction. Looking forward to hearing more on this front....
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