What is the size of education market in India?
In financial year 2020, the market size of the education industry was about 117 billion U.S. dollars across India. This market value was estimated to rise up to 225 billion U.S. dollars by financial year 2025 in the country.
What is the current status of education in India?
In the 2011 Census, about 73% of the population was literate, with 81% for males and 65% for females. National Statistical Commission surveyed literacy to be 77.7% in 2017–18, 84.7% for male and 70.3% for female. This compares to 1981 when the respective rates were 41%, 53% and 29%.
What is the growth of education sector in India?
India’s education sector offers a great opportunity with ~26.31% of India’s population in the age group of 0 to 14 years. Education sector in India is expected to reach US$ 180 billion in FY20. India’s higher education segment is expected to increase to Rs. 2,44,824 crore (US$ 35.03 billion) by 2025.
How big is the online education market in India?
The online education market in India is expected to grow by a staggering 50% during 2021-2025 to reach $5 billion by the financial year 2025. The global e-learning market size is projected to grow $370 billion by 2026, from $226 billion in 2020, at a CAGR of 8.56% during 2021-2026.
Which is the No 1 education in India?
Which State has the best education system in India? Kerala is India’s most literate state, with the highest literacy rate in the country. It has constantly been regarded as having India’s best education system. It has a high ranking in all areas of education, from elementary school to doctoral degrees.
What is the present status of educational institutions?
As of 2020, India has over 1000 universities, with a break up of 54 central universities, 416 state universities, 125 deemed universities, 361 private universities and 159 Institutes of National Importance which include AIIMS, IIMs, IIITs, IISERs, IITs and NITs among others.
Is the education industry growing?
The market size of the Educational Services industry is expected to increase 6% in 2022. Has the Educational Services industry in the US grown or declined over the past 5 years? The market size of the Educational Services industry in the US has declined 0.2% per year on average between 2017 and 2022.
Is education a sunrise industry in India?
The Indian education sector is one of the largest sunrise sectors contributing to the country’s economic and social growth.
How big is the education industry?
NEW YORK, Feb. 9, 2022 /PRNewswire/ — As per the findings of Zion Market Research study, U.S. Education industry garnered revenue of about US$ 1.1 trillion in 2020 and is set to earn revenue of nearly US$ 2.3 trillion by 2028. Moreover, U.S. Education Market is prognosis to record CAGR of nearly 4.5% in 2021-2028.
Why is there no education in India?
India is a country with more than one billion people, and just one-third of them can read. Rapidly growing size of population, shortages of teachers, books, and basic facilities, and insufficient public funds to cover education costs are some of the nation’s toughest challenges.
What is the current situation of education system?
According to the All India Survey on Higher Education, the Gross Enrolment Ratio (GER) in higher education in India has increased from 20.8% in 2011-12 to 25.8% in 2017-18. Lack of access is a major reason behind the low intake of higher education. The policy aims to increase GER to 50% by 2035.