21st century regulation and governance reforms pushed by National Education Policy (NEP), 2020. |
Out of a total no. of 39M students, private higher education sector enrolls~22M students and accounts for 58% share of total HE enrolments in 2020 (compared to 27% in the US).
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India among top 15 countries in Employability Rankings 2020. |
Increasing demand for digital skills and non-conventional courses. |
The online education market in India is expected to grow by US$ 2.28 billion till 2025, a CAGR of almost 20%. |
Indian ed-tech market size is expected to reach US$ 30 billion by 2031, from US$ 700-800 million in 2021.
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NEP 2020 called for a spend of 6% of GDP on education, which is double the current allocation of 3%. Current HE spend to be raised from 1% to 2% of GDP
NEP 2020 called for a spend of 6% of GDP on education, which is double the current allocation of 3%. Current HE spend to be raised from 1% to 2% of GDP
High nominal education interest rates of 10-14% deter students to purse education. Need to bring the nominal rates down to ~4-5%. Also, need to build robust mechanisms to provide grants and scholarships directly to students
Many research scholars and postgrad students are not skilled enough to get equipped in the industry or corporate world. Various HEI faculties have inadequate skills and training to implement and deliver the programs effectively
Complex regulations and procedures surround setting up of a higher education institute. Need to permit all types of organizations to set up and operate schools and HEI’s .University endowment funds are not allowed to invest in alternate investment funds and other asset classes
High nominal education interest rates of 10-14% deter students to purse education. Need to bring the nominal rates down to ~4-5%. Also, need to build robust mechanisms to provide grants and scholarships directly to students
Insufficient technological infrastructure to meet increasing digitalization of higher education and shortfall in proper physical facilities such as labs and adequate classrooms in rural areas. Also, as per QS, India’s scholarly and research output is less than a third of what is produced by countries like UK in cross border research
From 3% to
6% GDP spend on Education |
From 27% to
50% Gross Enrollment Ratio by 2035 |
From 39 million to
73 million Increase in the number of students by 2035 |
From 03 institutes to
30-40 Indian HEIs in global top 200 rankings by 2047 |
From 10-14% to
4-5% Student Financing - Education interest rates |
From 28:11 to
20:1 Student Teacher Ratio |
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Student Centricity
Research and Innovation
Faculty development
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International Mobility
Digital Learning
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How policymakers could help |
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Student Centricity
Faculty Development
International Mobility
Digital Learning
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