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Private Participation To Enhance The Indian Education Sector
BUSINESS ECONOMICS
|June 1-15, 2018
Private Participation To Enhance The Indian Education Sector
India holds an important place in the global education industry. The country has more than 1.5 million schools with over 260 million students enrolled and about 850 universities and 35,539 colleges. India has one of the largest higher education systems in the world. However, there is still a lot of potential for further development in the education system.
India has become the second largest market for e-learning after the US. The sector is currently pegged at $2 billion and is expected to reach $5.7 billion by 2020. The distance education market in India is expected to grow at a Compound Annual Growth Rate (CAGR) of around 11% during 2016-2020. Moreover, the aim of the government to raise its current gross enrolment ratio to 30% by 2020 will also boost the growth of the distance education in India.
Government initiatives
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