Over the last two decades more than 70 million students have enrolled in Indian higher education system.
Higher Education has seen a major success in Indian education industry. Many institutes have started over the last few years and are attracting suitable candidates for the same. Over 1.4 lakh students of age group 18-23 year enrolled for higher education in India and the rate is rising every year. IIT’s, IIM’s, AIIMS, NIT and other institutes of India are able to emerge themselves in most reputed institutes globally.
As higher education system provides ample amount of opportunities to grow over the next decade, many investors might be attracted towards it.
In 2030, it is estimated that higher education system in India would be:-
Indian government and report from EY-FICCI has stated their vision that they have regarding the higher Education System.
As per Sanjay Padode Secretary of Centre for Developmental Education(CDE), IFIM Institutions quoted "Indian Economy is expected to be a USD 10 Trillion economy by 2030. Presently we are the fastest growing economy and it is expected that we will average a growth rate ranging between 7.5 to 8.50 percent every year till 2030. India is also poised to benefit from the demographic dividend expected from its 1.3 billion citizens. To harness this dividend India will have to build a robust tertiary/vocational education system which is able to educate/train more than 350 million students in 2030. The only way this could be achieved is by liberalizing education and bringing in reforms that will encourage the private sector to invest into education.
Education will resolve the issue of literacy and to some extent employability however it will not create employment. Thus it is important for India to make radical changes in curriculum to make our students innovative thinkers and entrepreneurs. Graduating entrepreneurs will enhance employment opportunities and hence provide employment opportunities to the students being churned out by our education system."
As per Jaideep Gupta,CEO & Founder of Univariety quoted "I foresee a promising future for India’s education sector. India, having one of the largest populations in the world will contribute over one-fourth of the students falling into the higher education age bracket in 2030. One out of four graduates around the world would have passed out from the Indian education system. The stronger emphasis will be on the quality of learning rather than the marks or grades. Employment will become ultra competitive and companies will employ students on the basis of their skills.
There will be an enormous change in the kinds of pedagogy utilised in schools. Teaching will happen in equal part, from experienced faculty as much as from machines, algorithms and simulations. A larger part of the learning will be online and therefore "anywhere" and "anytime", and the regular physical infrastructure of universities and colleges will be used as a gathering place to collaborate and transform together. Learning will not be focused on knowledge or employability, but rather it would be a lot more on a much broader range of qualities and characteristics. Additionally, age will be just a number, learners from varied age groups would participate and not just the typical college age students that are prevalent today."
Initiatives and investments in education sector will only be able to fulfil all these visions that we see for our future education sector.