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Education spend in India reaches $600 billion mark

Source : University World News
May 25, 2012

 Date: 25th May 2012

Education spend in India is at US$600 billion and the private education segment alone is expected to cross the $45 billion mark by 2015 from the present $35 billion, according to research by Investor Relation Society, affiliated to the US-based Global Investor Relations Network, reports the Press Trust of India.

The report said that skills and vocational training are fast producing opportunities. With an education network of more than one million schools and 20,000 higher education institutions, the Indian education system has a market size estimated at $45 billion, Investor Relation Society president MS Anand said.

A little over 200,000 Indian students migrate overseas every year for higher studies. These students alone contribute as much as $5 billion every year to foreign universities. Based on this observation, several foreign institutions are venturing into India. This is expected to boost the quality of education in the country, the report said.


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