Education Loans Augmenting Growth of Indian Education Sector

According to our latest research report, “Indian Education Services - A Hot Opportunity”, India posses one of the largest higher education systems in the world. But still, there exists a lot of potential for the development of higher education system in India. Economic growth is leading to a surge in the demand for more engineers, management graduates, computer engineers, and many other professionals. One of the major constraints hindering the growth of higher education sector in India has been the high course fee. Having understood the importance and potential of higher education in the country, the banking sector has come forward in offering financial aids in the form of education loans. The outstanding education loan was INR 342 Billion in FY 2010. This market was expected to surge to a value of nearly INR 440 Billion in FY 2011.

 

According to the findings of our study most of the education loans sanctioned for professional courses are within the country. The average ticket size of a domestic education loan ranges from INR 0.2 - 0.3 Million, while that of an overseas one is INR 1 Million.

 

Further, to obtain better education and exposure, over 2.64 Lakh Indian students spend around US$ 5.5 Billion annually on higher education abroad.

 

Our report provides an in-depth research and rational analysis of the current status and expected position of the higher education system in India. It also presents an overview of the number of universities, technical education institutions, and colleges available as well as required in the country. Besides, it also presents a prudent analysis of different courses that will remain in high demand during the next few years.