The late Nelson Mandela once said, “No Country can really develop unless its citizens are educated.” Education plays an important part in the building of a nation. Over the years several initiatives and reforms has been taken in India to impart education and install the values of secularism, equality and respect for democracy among the youth.
Education is an integral part of everyone's life and Education sector in India is poised at a crucial stage in its growth. The robust growth in Education Industry is primarily to be filled by private players. The network of Indian education industry today ranks amongst the largest in the world, with more than 1.4 million schools and 35,000 higher education institutes. According to the current rankings, 17 Indian Universities have made it to the list of top 300 Universities in the Asian Continent. The Education Sector in India is at vital stage of growth. The vast diversity in ethnicities coupled with varying demographics has prompted several players to invest in this sector.
It is expected that the Indian Education Sector’s market size will increase to Rs. 602,410 crore by FY’15 from Rs. 341,180 crore in FY’12 with a rapid CAGR rate of 20.87% over the last 3 years thus making it the most favourable and profitable sector for Investors.
India's demographic advantage of having a large population of youth, rising income levels, rapid urbanization, Lack of Guidance and Information coupled with increasing awareness about the importance of quality education have resulted in great demand of Education Consultant. With the increasing role of private sector in setting up educational institutes, especially in the higher education segments, the need for professional and organized education counsellors are bound to grow. The growth of the Indian economy and upward movement of income levels is boosting spend on Education, which already accounts for the second-highest share of wallet for middle-class households. At the same time, Government support for the sector has also seen a boost, with substantial reforms and increased financial outlays being announced and implemented for career counselling. These reforms aim at not only strengthening the sector but facilitating planned expansion of the sector.
The interplay of all these factors has made Education Consulting in India an attractive sector with multiple opportunities.