India has world's third largest higher secondary education system with a number of institutions. The education system in India is much more improved these days and is one of the leading ones in the world. It is also one of the biggest contributors to the economic growth of the nation. Besides various government initiatives, the role of the private institutions in the development of education industry in India cannot be denied.
Growth rate:-
The Indian education market has witnessed a series of developments and changes in the last few years, which resulted in a significant increase in market size of the education industry compared to previous years. Currently, there are nearly 100,000 government schools in urban areas and 900,000 in rural areas. The government is targeting the creation of 2,500 schools under the PPP mode. However, a clear policy direction on this model is still to evolve. A large-scale partnership by the authorities with private sector companies will create a tremendous business and social impact.
GS’s Prospective:-
School systems and private institutions require enthusiastic educational leaders with training at the post-graduate level. Like the teacher shortage that experts predict for the next decade, the retirement of experienced educational leaders will create a vacuum that must be filled quickly. Most public school systems require their principals, assistant principals, and school administrators to hold at least a master's degree in educational leadership. The estimated spend on education by Indian consumers in FY08 was Rs2, 500 billion and is expected to rise to Rs6, 000 billion by 2025. With the government spending 3.7 per cent of the GDP (Rs1, 500 billion inFY07) on education, this sector is amongst the largest in India
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