By 2020, India needs 40 million university places- an increase of 14 million – and 500 million skilled workers. India has made remarkable pace towards ensuring education for all, as per EFA global monitoring report. While access is now close to universal, the quality of education remains a major challenge.
Magnitude of planned reforms by Modi Government will result into demand for higher education and skill development. Over next ten years India will provide the largest opportunity in the world for international higher education institutions and education businesses.
As per British Council report In the next decade, India will experience enormous growth in its middle classes: from 50 million now, to 500 million by 2025. By 2020, India will be the world’s third largest economy. The relationship between economic growth and growth in the tertiary enrollment ratio is particularly strong for economies with lower levels of GDP (purchasing power parity) per capita. As India’s economy continues to grow, a huge number of first generation learners will demand access to higher education. In ten years’ time, 25 million households across India will have an income equivalent to $15,000 and will be able to pay fees for higher education, an increase of 15 million on today’s enrollment rates.
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