Since the time the new Central Government was ruled to power in 2014, hopes from them have been high. Like other sectors, the Indian education system is also expected to witness exemplary improvement. The academicians expect the Government to take important steps. They opine that the unwanted void of good universities and colleges needs to be dealt with.
As per the latest report by a company called Technopark, the Indian Education market is expected to double the present growth by the year 2020. The current market value of the India’s education globally is $100 billion and the value can be gauged at $180 billion by 2020.
Deal Value in the Private Education Sector
Investments in public and private sectors are immensely important. These investments help in improving the quality of education as every investor brings in constructive ideas.
The ‘Deal Value’ is a measure showing the importance of investments received in a sector.
The investment report and the deal value give a good insight. Year 2016 deposed minimum investment in the private education sector with 42 investments. However, a good value for deals was registered with the deal value being the second highest in the last five years. The maximum deal value was in the year 2014 at $ 243 billion.
India’s Human Resource – An Asset that can be Explored
619 million of India’s population falls in the age group 0-24 years. Out of the total workforce, 127 million are employed with the service sector. An improvement in the higher education segment will mean that more jobs need to be created. So, it is advisable that the government gears up to take forth the growth while developing jobs and education, parallely.
Digital Education on the Rise
Digital Media is on the rise and the hype is set to aid the education sector as well. The world is moving towards opportunities for practical learning. This trend can take Indian education system to new heights. While the world is working on VRX and similar learning systems, India must work even harder. This is so because India has greater workforce and young minds with brilliant ideas.
The digital learning holds market value of $ 2 billion. It is expected to touch the $ 5.7 billion mark by 2020.
Sharda University Making a Change
Sharda University has always found itself associated with positive changes. Since its inception, the University founders were determined to bring the much-needed change as India lags quality in higher education. The faculty has been trying to bring world class education to its campus so that the valuable resource, our youngsters, can stay in the country and serve the nation.
The betterment of the economy lies in the development of its work force. A developing country like India can certainly be an education hub with combined efforts from the Government, students and the social activists.
