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The demand of education sector is in-flexible; that is, no matter what, the education sector is not going to collapse. This sector needs to improve the quality of education due to rising demand. The education sector is a group of institutions which provide education to children and others. India holds an important position in the global education industry and has one of the largest networks of higher education institutions in the world. India has become the second largest market for e-learning after the US.
Road Ahead in 2030, it is estimated that India's higher education will :
Adopt transformative and innovative approaches in Higher Education
Have an augmented Gross Enrolment Ratio of 50 percent
Emerge as a single larger provider of global talent, with one in four graduates in the world being a product of the Indian higher education system.
Be amongst the top five countries in the world in terms of research output.
Have more than 20 universities among the global top 200.
The education sector has witnessed a lot of reforms and improvements in recent years that helps in transforming a country. With human resource increasingly gaining significance in the overall development of education infrastructure is expected to remain the key focus in the current decade. The government has also taken several steps in allocating educational grants for research scholars in most government institutions and also the higher education sector in India is set for some major changes and developments in the years to come.
The government is actively encouraging private participation in vocational education- both through private enterprises and public private partnerships. The government has also announced incentives including financial assistance for public private participation in training institutes. There is also a vast opportunity for provisions of innovative services. Given regulatory constraints ,lack of infrastructure and severe competition for quality education, there is a large and rapidly growing market for coaching and tutoring services imparted through new and innovative means, particularly the internet.In addition corporates are increasingly outsourcing skill training activities to specialized institutions.
