Indian Education Industry, Q3 2011
Credit Analysis & Research Limited, August 2011, Pages: 94
The growth in the personal disposable income of the Indians, growing contribution of the services sector to India’s GDP thereby requiring greater number of qualified youths and the increasing thrust of the GoI to improve the country’s educational system and eventually the literacy rates has resulted in manifold growth of the Indian Educational sector since the last decade. Correspondingly, the country’s literacy rate has improved from 64.8% during 2001 to 74% as per the Census 2011. With the growing penetration of educational concepts such as Pre-school, Information & Communication
Technology (ICT) in schools etc the market size of the Indian Education industry aggregated US$66.6 bn during FY11. Importantly, over the years, the role of private sector in education has increased with the setting-up of institutes especially in the K-12 & Higher education segment. Even, the GoI has emphasised on Public Private Partnership (PPP) in education so as to expand the reach and provide quality education to students in small towns & villages.
CARE Research’s report on ‘The Indian Education Industry’ seeks to answer queries such as: What will be the market size of the Indian education industry by FY15? Which educational segment, whether Pre-school, K-12 or ICT will be the revenue driver for the sector? What will be the penetration level of Pre-schools, K-12, ICT & Higher education in India by FY15?
With comprehensive data coverage spanning the various realms of education in India garnered through well-established network of primary and secondary sources and CARE Research’s outlook on the industry uptill FY15, the report is indispensable for any company in the education industry, banks/FIs, policy makers, research & academic organizations, other international & national agencies etc.
SECTION- I OUTLOOK
THE INDIAN EDUCATION SYSTEM (IES)
- Market size of the Indian Education System to cross US$100 bn by FY15
PRE-SCHOOL EDUCATION
- Penetration of Pre- school in India to reach 4% by FY15
K – 12 EDUCATION
- Total number of schools in India to aggregate 16.1 lakh by FY15
- Government schools to grow at a CAGR of 3.4% during FY11-15
- Private schools to grow at a CAGR of 8.5% during FY11-15
- Share of the government schools in total schools to decline by FY15
- Market size of K-12 education in India to nearly double by FY15
INFORMATION & COMMUNICATION TECHNOLOGY (ICT)
- Penetration of ICT in the schools to increase to 9.7% during FY15
- Market size of ICT to touch US$1 bn by FY15
HIGHER EDUCATION (HE)
- Enrolment in HE to grow to 12% by FY15
- Market size of HE to cross US$40 bn by FY15
- Comparative analysis of the HE study streams by FY15
VOCATIONAL EDUCATION
- Future GoI Targets
SECTION- II INDIAN EDUCATION SECTOR – AN OVERVIEW
OVERVIEW - INDIAN EDUCATION SECTOR
INDIAN EDUCATION V/S GLOBAL EDUCATION SCENARIO
- Government spend on Education
- Population distribution
- Gross Enrolment ratio (GER)
INDUSTRY STRUCTURE
SECTION- III PRE- SCHOOL, K – 12 & ICT
PRE- SCHOOL / PLAY SCHOOL
- Overview
- Business Models
- Characteristics
- Competitive Landscape
- Important factors for Preschools set-up
- Market Size
K-12 EDUCATION
- Overview
- K- 12 Structure
- K–12 Education: Parametric Analysis
- Growth Drivers
- Competitive Landscape
- Market size in India
INFORMATION & COMMUNICATION TECHNOLOGY (ICT) AND MULTIMEDIA
- Overview
- Operational models
- ICT Infrastructure
- Modus Operandi
- Government’s thrust to ICT
- Competitive Landscape
- Market size in India
SECTION- IV HIGHER & VOCATIONAL EDUCATION
HIGHER EDUCATION
- Overview
- Regulatory scenario
- Market Size
Bachelor of Business Administration (BBA)
- Overview
- Affiliation of BBA institutes
- Growth Drivers
Master of Business Administration (MBA)
- Overview
- Affiliation of MBA institutes
- Market Size
- Challenges
VOCATIONAL TRAINING
- Overview
- GoI’s incentives
- Achievements
- Role of private institutes
SECTION- V DISTANCE EDUCATION & COACHING CLASS INDUSTRY
DISTANCE EDUCATION
- Overview
- Benefits of Distance Education
INDIAN COACHING CLASS INDUSTRY
- Overview
TEST PREPARATORY EDUCATION
- Overview
- Business segments
SECTION - VI GOVERNMENT INITIATIVES & SWOT ANALYSIS
GOVERNMENT INITIATIVES
- The right of children to free and compulsory education bill (RTE), Act 2009
- Sarva Shiksha Abhiyan
- Mid – Day Meal Scheme
- Expenditure on elementary and secondary education
- Increase in Public Private Partnerships (PPP)
- Some Other Initiatives
SWOT ANALYSIS
SECTION- VII COMPANY PROFILE
Educomp Solutions Ltd.
NIIT Ltd.
Everonn Education Ltd.
Aptech Ltd
Compucom Software Ltd.
List of Tables
SECTION- I OUTLOOK
THE INDIAN EDUCATION SYSTEM (IES)
- Indian Education system - Market size estimates
SECTION- III PRE- SCHOOL, K – 12 & ICT
Pre- school / Play school
- Competitive Landscape
K-12 EDUCATION
- Break-up of students enrolled in the Institutions (%)
- Average annual expenditure (Rs) per student of age 5-29 years – All India
- Income Distribution of the Indian households
- India’s Literacy Rate (%): FY08
- Private spending on education per student (Rs.)
- Students availing free education (%)
- Government spend on the Elementary and Secondary education (State / UT and Centre): FY09
- Competitive Landscape
Information & Communication Technology (ICT) and Multimedia
- State-wise funds released by the government and schools approved under ICT: FY11
SECTION- IV HIGHER & VOCATIONAL EDUCATION
HIGHER EDUCATION
- State-wise Professional Colleges in India
VOCATIONAL TRAINING
- Vocational Education received by people in the age group 5- 29 years (%)
- Vocational Education – Institution-wise registration (%)
- Government Institutions & training capacity
- Private companies / Institutes in Vocational Training
SECTION- V DISTANCE EDUCATION & COACHING CLASS INDUSTRY
INDIAN COACHING CLASS INDUSTRY
TEST PREPARATORY EDUCATION
- Candidates for various examinations
- Key Player Profile
SECTION - VI GOVERNMENT INITIATIVES & SWOT ANALYSIS
GOVERNMENT INITIATIVES
- RTE Roadmap
- SSA – Progress Report
- Mid – Day Meal Scheme: Budgetary allocation & Expenditure
- Expenditure on Education as % of GDP and % of all public expenditure (Centre + States)
List of Graphs
SECTION- I OUTLOOK
PRE-SCHOOL EDUCATION
- Pre-school - Market size and Penetration estimates
K – 12 EDUCATION
- Total number of schools – Estimate
- Government schools – Estimate
- Private schools (aided and unaided) – Estimate
- Share of government & private schools
- K-12 education - Market size estimates
INFORMATION & COMMUNICATION TECHNOLOGY (ICT)
- ICT penetration in schools
- ICT in schools - Market size estimates
HIGHER EDUCATION (HE)
- Enrolment in Higher Education
- Higher Education - Market size estimates
- HE study streams – Comparative analysis
VOCATIONAL EDUCATION
- Industry-wise requirement of the skilled workers by 2015
SECTION- II INDIAN EDUCATION SECTOR – AN OVERVIEW
Overview - Indian Education sector
- Adult literacy rate (15+ years)
Indian education v/s Global education scenario
- Government spend on Education as % to GDP
- Age-wise population distribution
- Country-wise Gross Enrolment ratio
Industry Structure
- Industry Segments
SECTION- III PRE- SCHOOL, K – 12 & ICT
Pre- school / Play school
- Advantages & Disadvantages of Franchisee & Standalone Preschools
K-12 EDUCATION
- Structure of K-12 segment
- Growth of Government schools v/s Growth of Private schools
- Net Enrolment Ratio: Primary and Upper Primary Level (%)
- Literacy rates CY08 - Developing nations (%)
- Country-wise age-group distribution (%): CY10
- Indian Households - PFCE break-up at 2004-05 (current prices) (%)
- Government spend on education
Information & Communication Technology (ICT) and Multimedia
- Break-up of Government & Private ICT schools & ICT Business – Market share (%)
SECTION- IV HIGHER & VOCATIONAL EDUCATION
HIGHER EDUCATION
- Growth of Universities and Colleges
- Distribution of Universities & Distribution of colleges
- Share of Private spends on Higher Education & Distribution of central Governments spending
- Higher Education regulatory structure in India
Master of Business Administration (MBA)
- AICTE-approved MBA institutes and student intake
- Number of CAT applicants
SECTION- IV HIGHER & VOCATIONAL EDUCATION
VOCATIONAL TRAINING
- No. of ITI / ITCs & Seating capacity of ITI / ITCs
SECTION - VI GOVERNMENT INITIATIVES & SWOT ANALYSIS
GOVERNMENT INITIATIVES
- Expenditure on Elementary and Secondary education
The Indian Education Industry - ‘E’mpowering Lives
In terms of demographic profile, India remains one of the youngest nations in the world with 38.2% of its population in the 0-5 year age bracket. This translates into the Indian Education system being one of the largest educational systems globally with a network of more than 1.2 mn schools and around 31,000 Higher education institutes. Education, being one of the important determinants of human welfare of any nation, the GoI has accorded priority for the promotion of education especially primary & secondary education in India.
Correspondingly, the government’s spend on education as a percentage of GDP stood at 3% while accounting for 11.3% as a proportion of all public expenditure. However, the GoI is faced with several hurdles in terms of penetration across all education segments viz: Pre- school, K-12, Higher education etc as well as reaching out to the students in tier-III cities and rural areas. The GoI has therefore emphasised on Public Private Partnership (PPP) in education so as to augment the literacy rate from 74% as per the Census 2011.
The educational segments i.e. Pre-school, K-12, Information & Technology (ICT) in schools and Higher education form the important constituents of the Indian education. Of the same, the Pre- school market in India still remains largely unorganised and under-penetrated. However, the ease of setting-up of pre-schools as well as the growing acceptability of pre-school concept in India augurs well for the industry. The K-12 institutes in India largely remain governed by the GoI accounting for 80.2% of the total 13.5 lakh schools in India.
Of late, with greater interest evinced by the private corporates/ trusts / educational societies etc, the share of private institutions in the K-12 space has grown from 18.9% in FY07 to 19.8% during FY11. The scope of ICT in schools has also gained prominence in recent times through GoI’s programmes such as Sarva Shiksha Abhiyan (SSA), ICT @ Schools etc. The penetration of ICT in schools however remains low especially owing to the slower pace of such roll-outs in the government owned or aided K-12 schools. In case of Higher education institutes, the ‘not-for-profit’ mandate coupled with the requirement of affiliation from multiple regulatory bodies such as UGC, AICTE etc proves to be a roadblock for the entry of private institutes.
However, in view of the rising enrolments in higher education coupled with the growing variety of educational streams, the private sector participation is expected to grow to catch in the growing penetration levels.
CARE Research expects the size of the Indian Education System at US$ 102.1 bn with CAGR of 11.2% during FY11-15. Apart from the growth of educational segments as mentioned above, CARE Research expects the other trends such as GoI’s orientation towards PPP, entry of corporates and foreign educational institutions (especially in K-12 & Higher education), growing focus on the Distance education mode of learning and growing acceptability of the vocational courses to remain the key drivers to the growth of education in India.
- Educomp Solutions Ltd.
- NIIT Ltd.
- Everonn Education Ltd.
- Aptech Ltd
- Compucom Software Ltd.
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