Edu-leaders

According to a report by the RNCOS, a market research and information analysis company, the market size of higher education in the country will rise at 15 per cent CAGR and will cross US$ 22 billion by 2013.

The repost also says that the annual student enrolment in higher education will witness a compounded annual growth rate (CAGR) of 8.7 per cent during 2011-13. It further says that various factors – availability of education loan, growing demand for skilled personnel and e-learning – can act as catalysts for the growth of higher education in India.

Currently, the Indian economy faces numerous challenges like low pedagogic quality and lack of investment to provide excellent quality education. But the rising economic growth will surge the demand for more engineers and management graduates and make the Indian higher education system lay emphasis on producing quality graduates.

The report also presents an overview of the existing and required number of universities, technical education institutes and colleges in India.