Delhi, Delhi India (PressExposure) January 25, 2008 -- The leading name in the field of market research, RNCOS, has recently released its report "Education Services Market in India (2007)" on the thriving education market of India that has historically been a world famous education center. The report intensively examines the present trends and future prospects of the education services in India. The foci of the report are on the Indian education system, the position of government and private institutions, Indian landscape for foreign universities/institutes, and entry and operation regulations for foreign universities, among other parameters.
The system of higher education in India has seen an impressive growth since independence. The total enrollment increased from a meager 0.1 Million in 1947 to phenomenal 10.5 Million in 2005-06. The education system in the country saw a revolution with the emergence of a whole new class of education providers, including private institutes, distance education providers, self-financing courses in public institutions, foreign education providers etc.
Despite the fact that enrollment figures in higher education system over the years have been rising, it varies widely across different states in India. These differences are not only linked to variation in government expenditure on higher education, but also to the per capita income, percentage of people below poverty line and the extent of urbanization in different states. Generally, states with a higher enrollment in universities and colleges are those with higher ratio of urban population and a lower percentage of population below poverty line.
The number of private institutes has increased in the country impressively whereas the number of public institutions - both government and aided institutions - has increased only marginally. Nearly 30% enrollment is in private unaided institutions, which do not receive any grants from the government. The growth has been predominantly in institutions offering professional courses.
Indian education system has its both negatives and positives (like the lack of quality institutions in India, large student base etc. So both these factors are working as bait to attract foreign universities to India. These universities are collaborating with Indian institutes to make a confident foray into the country's education system and to fill the voids that have been left by the Indian system.
Key Issues and Facts Analyzed in the Report - What is the scenario of higher education system in India? - Why foreign universities are looking at India? - What are the entry and operation regulations for foreign universities/institutions providing technical education in India? - What are the different modes of financing higher education in India? - What are the opportunities and challenges for the foreign universities and other sectors related to education in India?
Research Methodology Used
Information has been complied from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
The analysis methods applied ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.