Role of Private Sector Critical for Higher Education

The Indian education system has witnessed remarkable growth in terms of infrastructure development over the past couple of years. The enrolment of students in higher education had already surpassed the mark of 12 Million, with the number of universities and colleges surpassing 400 and 20,000 respectively. However, the current education infrastructure is insufficient to meet with the growing demand for higher education in the country, says our analytical study on Indian higher education system.

As per our report, "Indian Education Services - A Hot Opportunity", investment in higher education has been a critical issue for the viable development of higher education system in the country. The study has found that public expenditure on education is significantly lower than that of many developed or developing countries. "One of the major reasons for low education funding in India is the relatively low involvement of private sector investments. The private sector should come forward in the endeavor to ensure that higher education is of high quality and at par with the international standards", says a Sr. Analyst at RNCOS.

Considering the future potential relating to education infrastructure, the Indian government has enhanced its focus on education in the XI Five Year Plan, which aims to set up 30 central universities, 8 IITs, 7 IIMs, 10 NITs and 20 IIITs, among others. This will require huge investments that can be met through appropriate public-private partnership (PPP) model. Also, there remains high potential for growth of educational institutions funded and managed by private providers, more particularly in the educational fields of medicine, management, or certain branches of engineering, where seats in the publicly run institutions are very much limited.

"Indian Education Services - A Hot Opportunity" provides extensive research on the present status of the Indian higher education system by throwing a light over the number of universities, technical education institutions and colleges in India. It also presents reason-based analysis of the need for opening up of universities (particularly foreign) in the country in long run. We have done rational analysis of the type of courses that foreign universities can leverage as Indian universities/institutions are lacking in those particular domains.

For more information visit: http://www.rncos.com/Report/IM150.htm