The Indian education sector has grown manifold in terms of diverse range of programmes at all levels and demand for quality education. “In the next 10 years, India’s education sector needs an investment worth $150 billion,” says the Indian Education Franchising report 2011. India will need 1,000 more universities and 45,000 more colleges to cater to an estimated 40 million students by 2020.
To have double digit economic growth, it is necessary to build a critical mass of people in the education system so that the industries grow and touch their true potential. While the gross enrollment ratio in the US is said to be 70 per cent, China’s meets the global average of 23 per cent. India stands at only 12.4 per cent. Read more.