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Vocational Training - India
Netscribes (India) Pvt. Ltd., April 2009, Pages: 19
The vocational training market in India is worth approximately USD 1.6 bn and is estimated to be growing at 25% per annum. Demand for skilled workers across sectors ranging from manufacturing to retail and hospitality is fuelling the market for vocational training institutes. Sustained economic growth, rising trade and burgeoning domestic demand is driving the need for workers with necessary skills.
The report begins with an overview of the industry indicating market size, growth prospects and market segmentation. The role played by the public and private sector including the governing bodies has been highlighted. An analysis of the drivers explains growth factors such as demand for skilled labor across various industries, inefficiencies in the public education system and increasingly competitive business environment. The key challenges identified include the existing perception among individuals towards vocational training and the lack of support from financial institutions.
The major trends have been discussed which covers strategic associations between corporate and institutes, governments role encouraging public private partnerships, rise in demand for online correspondence courses and growing interest of PE/VC firms in vocational training market. The competition section highlights the major players in various fields (IT, retail, Airlines, Finance) including their business focus and expansion plans.
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