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India Vocational Training Market Outlook to 2018- Driven by Rising Demand for Skilled Manpower
The Indian vocational training market has continued to evolve through government policies and regulations. Industrial cooperation and private partnerships have also been major factors contributing to the continuous growth of the vocational training.
The courses offered in the vocational training market are spread across different sectors. Some of the major sectors are English Training, Retail, Wellness & Healthcare, Hospitality and others. One of the most promising sectors for vocational training is the Wellness and Healthcare sector. The sector presently contributes 20% to the total revenue of vocational training market in India. The major reason for its growth has been the increasing demand for manpower in this sector which has led to the popularity of courses such as spa therapy and skin therapy. The Indian Wellness sector is highly influenced by the west and would continue to grow at a rapid rate in the years to come.
The inclusion of vocational training policy reforms in the twelfth five year plan by the Government of India would also lead to the growth and overall development of the vocational training market. Furthermore, the reforms also keep a check on the developments in the vocational market and helps regulating the market on the whole. Along with this, the up gradation of the different schemes employed in line with the current market trends and demand would also lead to a fast growth of the vocational training market in future times.
“It is expected that the increase in the number of public private partnerships on account of heavy investments from the government of India and the growing popularity of the wellness and healthcare sector would lead to a rise in the revenue and the coverage of the Vocational Training Market in India”, according to the report published by Ken Research.
The report titled “India Vocational Training Market Outlook to 2018- Driven by Rising Demand for Skilled Manpower” provides detailed overview of the market past and future performance of Vocational training market and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help Industry consultants, vocational Institutes, education service providers to align their market centric strategies according to ongoing and expected trends in the future.