Indian Education Services - A Hot Opportunity

Publication Date	October 2008
Publisher	RNCOS
Product Type	Report
Pages	75
ISBN Number	not applicable
Product Code	RCS00493

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Summary

The Indian education system is seeing an impressive growth since independence. From just 0.1 Million in 1947, enrollments in the country have grown to more than 11 Million in 2005-06. The education system in the country saw a revolution with the emergence of a whole new class of education providers, including private institutes, distance education providers, self-financing courses in public institutions and foreign education providers, says our new report "Indian Education Services - A Hot Opportunity".

Despite the fact that enrollment figure has been rising over the years in higher education system, it varies widely across different states in India. These differences are not only linked to variation in government expenditure on higher education, but also to the per capita income, percentage of people below poverty line and the extent of urbanization in different states. Generally, states with higher enrollment in universities and colleges are those with higher ratio of urban population and a lower percentage of population below poverty line.

The Indian education system has its both negatives and positives (like the lack of quality institutions in India and a large student base). So both these factors are working as bait to attract foreign universities. These universities are collaborating with Indian institutes to make a confident foray into the country's education system and to fill the voids that have been left by the Indian system.

"

Indian Education Services - A Hot Opportunity" intensively examines the present trends and future prospects of the education services in India. The foci of the report are on the Indian education system, the position of government and private institutions, Indian landscape for foreign universities/institutes, and entry and operation regulations for foreign universities, among other parameters.

Other Key Findings of the Report

In future, the number of government and private aided universities and colleges is not likely to show any significant increase while the private unaided higher education institutions are showing signs of positive growth.
Nearly 30% students in higher education institutions during 2005-06 were enrolled in the private unaided institutions, which do not receive any grants from the government.
As India has all the resources and potential to become a regional hub, therefore an increasing number of students from neighbouring countries will choose the country as their preferred destination for higher education.
Foreign universities can leverage the opportunity of offering contextual courses as Indian universities/institutions are lacking in this particular domain.

Key Questions Answered in the Report

What is the scenario of higher education system in India?
How many universities, technical education institutions and colleges are there in India?
What is the enrollment status of students into higher education and technical education by stream?
What is the trend of private education expenditure in India?
Why foreign universities are looking at India as potential destination?
What are the entry and operation regulations for foreign universities/institutions providing technical education in India?
What are the opportunities and challenges for the foreign universities and other education-related sectors in India?

Research Methodology Used in the Report

Information Sources

Information has been taken from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.

Analysis Method

RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.

Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.

Content

1. Analyst View
2. India - Economy & Employment
- 2.1 Economy
- 2.2 Occupational Structure
  - 2.2.1 Demand & Supply Ratio of Quality Manpower
3. How is Higher Education System in India?
- 3.1 Level & Type of Higher Education Institutions
- 3.2 Academic Structure
- 3.3 Education Infrastructure
  - 3.3.1 Medical Colleges
  - 3.3.2 Professional Education Institutions (Engineering, MBA, MCA)
- 3.4 Enrollment
  - 3.4.1 Higher Education
  - 3.4.2 Technical Education
- 3.5 Emergence of New Class of Education Providers
  - 3.5.1 Private Institutions
  - 3.5.2 Distance Education Providers
  - 3.5.3 Self-financing Courses in Public Institutions
  - 3.5.4 Foreign Education Providers
  - 3.5.5 Non-university Sector
- 3.6 Growth Pattern Analysis
  - 3.6.1 Correlation between Per Capita State Domestic Production & Gross Enrollment Ratio
  - 3.6.2 Privatisation Trends
4. Why Foreign Universities are Looking at India?
- 4.1 Lack of Quality Institutions
- 4.2 Low Funding
- 4.3 Large Student Base
- 4.4 Government Efforts to Check Brain Drain
- 4.5 India Going Global
- 4.6 Low Cost of Setting & Running Campuses
- 4.7 Liberalisation of Education Sector
- 4.8 Regional Hub
5. Entry & Operation Regulations for Foreign Universities/Institutions Imparting Technical Education in India
- 5.1 Procedure for Registration
- 5.2 Conditions for Registration
- 5.3 Punitive Measures & Conditions for Withdrawal
6. How to Finance Higher Education in India?
- 6.1 Existing Funding Arrangements
  - 6.1.1 Overall Funding
  - 6.1.2 Public Funding
  - 6.1.3 Private Funding
- 6.2 Affordability
- 6.3 Student Loan Schemes
7. Opportunities & Challenges for Foreign Universities & Other Education-related Sectors
- 7.1 Opportunities
  - 7.1.1 Entrance Exam Coaching Industry
  - 7.1.2 Education Loan Market
  - 7.1.3 Private Education Expenditure
  - 7.1.4 Notebooks & Stationery Manufacturing
  - 7.1.5 E-learning & Online Tutorial Market
  - 7.1.6 Education Consultants
- 7.2 Challenges
  - 7.2.1 Government Regulations
  - 7.2.2 Low Affordability
  - 7.2.3 Low Confidence over Private Institutes
  - 7.2.4 Indian Conditions
  - 7.2.5 Global Value of Foreign Degree
8. Appendices
- 8.1 Regulatory System
  - 8.1.1 University Grants Commission (UGC)
  - 8.1.2 Professional Councils
List of Figures:
- Figure 3-1: India - Number of Universities (2006-07 & 2007-08)
- Figure 3-2: India - Number of Medical Colleges (Mar 2006 & Sep 2008)
- Figure 3-3: India - Government & Private Dental Colleges (%), Aug 2008
- Figure 3-4: India - Number of Degree-level Engineering Institutions (2001-02 to 2006-07)
- Figure 3-5: India - Degree-level AICTE-approved Engineering Colleges by Region (%), Jul 2007
- Figure 3-6: India - Enrollment in Institutions (in Million), 2001-02 to 2006-07
- Figure 3-7: India - Enrollment in Institutions by Stream (%), 2005-06
- Figure 4-1: India - Number of Colleges (2002-03 to 2006-07)
- Figure 4-2: India - Number of Private Universities (2000-01 & 2005-06)
- Figure 4-3: India - Enrollment of Students in Age Group of 17-23 w.r.t Other Asian Countries* (%)
- Figure 4-4: India - Population in the Age Group of 19-24 (in 000), 2000, 2005, 2010F, 2015F & 2020F
- Figure 4-5: India - Number of Students Studying in USA (2001-02 to 2006-07)
- Figure 4-6: India - Number of Students Studying in Australia (2002-2007)
- Figure 6-1: India - Centre & State Expenditure on Education by Sector (%), 2006-07E
- Figure 6-2: India - Cost-recovery through Tuition Fees by State Universities (%), 2004-05
- Figure 7-1: India - Forecast for Engineering Entrance Exam Coaching Industry (in Rs Crore), 2008-2010
- Figure 7-2: India - Outstanding Education Loan (in Rs Crore), Mar 2005* to Mar 2009F
- Figure 7-3: India - Private Education Expenditure (in Rs Crore), 2000-01 to 2006-07*
- Figure 7-4: India - Forecast for Notebooks & Stationery Industry (in Rs Crore), 2008-2010
- Figure 7-5: India - Forecast for Computer-based & E-learning Market (in Million US$), 2008-2011
- Figure 7-6: India - Forecast for Online Tutorial Market (in Million US$), 2008 & 2012
- Figure 7-7: India - Households by Disposable Income (%), 2007-08E
List of Tables:
- Table 2-1: India - GDP Growth (%), 2001-02 to 2007-08
- Table 2-2: India - Share of GDP & Employment* by Sector (%), 2007-08
- Table 2-3: India - Employment in Software & Services Sector (in Number), 2001-02 to 2007-08E
- Table 3-1: India - Number of State, Central & Deemed Universities (2006-07 & 2007-08)
- Table 3-2: India - Number of AICTE-approved Technical Education Institutions by Stream (Aug 2007)
- Table 3-3: India - Intake of Students in AICTE-approved Institutions by Streams (Aug 2007)*
- Table 3-4: India - Enrollment in Private Institutions (in Million), 2000-01 & 2005-06
- Table 3-5: India - Number of Government Institutions (2000-01 & 2005-06)
- Table 3-6: India - Enrollment in Government Institutions (in Million), 2000-01 & 2005-06
- Table 3-7: India - Number of Open Universities & Correspondence Course Institutes (2007-08)
- Table 3-8: India - List of AICTE-approved Institutions under Foreign University Regulations
- Table 3-9: India - Number of Collaborations by Type
- Table 3-10: India - Per Capita Net SDP (in Rs) & GER in Higher Education (2002-03)
- Table 4-1: India - Number of Private Aided & Unaided Colleges (2000-01 & 2005-06)
- Table 4-2: India - Number of Professional Education Institutions by Course (1999-00 & 2005-06)
- Table 4-3: India - Number of AICTE-approved Professional Education Institutions by Course (2006-07)
- Table 4-4: India - Forecast for GDP Growth (%), 2008-09 to 2011-12
- Table 4-5: India - Enrollment of International Students in Top 10 Countries (%), 2005
- Table 6-1: India - Plan & Non-plan Budgeted Expenditure (Revenue Account) by Education Departments (in Rs Crore), 2004-05 to 2006-07
- Table 6-2: India - Income from Tuition Fees as Percentage of Total Revenue (2005-06)*
- Table 6-3: India - Expenditure on Education by Major States
- Table 8-1: India - Regulatory & Statutory Bodies for Higher Education