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Follow on Google News | Indian Higher Education Sector: Heading towards Transformation - IntroductionThe Indian Education Industry has been growing strongly (USD 50bn) and break-up is 40% contributed equally by K-12 & Higher Education and remaining 20% by Informal Education.
By: Shruth & Smith by K-12 & Higher Education and remaining 20% by Informal Education. The Indian Education System comprises of formal and informal network of education institutes as mentioned in exhibit 1. The Indian education system comprises of formal and informal network of educational institutions. With economic growth and enhanced technology it has become necessary to develop the structure of the Indian education sector. Funds are a major concern in the market though the government has taken many initiatives for the development of education infrastructure which can be fulfilled by private players. The government has opened the doors for foreign universities by passing Foreign Educational Institution (Regulation of Entry and Operation) Bill, 2010, which will help in shaping the education industry structure specially pertaining of higher education in India. The present GER (Gross Enrollment Ratio) in higher education in India is around 12 per cent (world average 23.2 per cent, developed nations 54.6 per cent, Asian countries 22 per cent) and the government of India wants to increase this to 21 per cent by 2017. There is an interim GER target of 15 per cent by 2011-12, for which the enrolments in universities/ estimates that the share of enrolments of private, unaided higher education institutions will be around 51 per cent. It is obvious that the government of India alone will not be able to achieve GER target and will require public partnership, private investment, and participation of foreign institutions to achieve this ambitious goal. The higher education in India has experienced significant growth over the last two decades. Universities and Colleges in India have grown at a CAGR of over 5% and 6% respectively, since independence # # # The Shruth & Smith Foundation is an independent, nonprofit, nongovernmental organization committed to work towards resolving enduring problems in social, educational and rural sectors that requires sustained effort and determination. End
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