Education Industry India

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Education is the base for economic growth as well as social transformation for any country. Among all the key indicators of socio-economic development like the economy's growth rate, literacy rate, birth rate, death rate and infant mortality rate (IMR), the literacy rate of the country is one of the most vital ones as the rise and fall of others largely depend upon the country's literacy rate. In India, a high literacy rate leads to a low birth rate as well as low IMR and it also increases the life expectancy rate. So, the importance of the education industry in India can be understood.

The education system in India is much more improved these days and is one of the leading ones in the world. It is also one of the biggest contributors to the economic growth of the nation. Besides various government initiatives, the role of private institutions in the development of the education industry in India cannot be denied.

However, there are also some glooming statistics as well. Despite such rising investment in the education industry, 40% of the country's population is still illiterate. Only 15% of the students can go to the next level to reach high school.

The Higher Education

India has the world's third-largest higher secondary education system with several institutions. More and more students are going for higher education these days. The result gets reflected in the number of students enrolling on higher education. The number of institutions is also increasing day by day. India has got following numbers of educational institutions (as of December 31, 20020):

InstitutionQty (in no.)
Central University49
State University318
Private State Universities185
Deemed to be Universities129
Institutes of National Importance51
Central Universities funded by UGC40
Prominent Institutions

Several Indian universities/colleges/institutions have crafted their name in the world of education through their quality of education and infrastructure. Many of those have won awards. Some of the prominent institutions that have won awards are listed below:

World's Top 200 Universities (Times Higher Education)
  • Indian Institute of Technology Bombay
  • Indian Institutes of Technology Delhi
  • Indian Institute of Science
Top 20 Science and Technology Schools in Asia (Asiaweek)
  • Indian Institutes of Technology
  • Birla Institute of Technology and Science
  • University of Roorkee

Top MBA Colleges in India

Medical Research and Treatment
  • All India Institute of Medical Sciences (AIIMS)
Major Players
  • There are a number of major players in the education industry in India.
Educomp Solutions
It is India's one of the fastest-growing education solutions companies. Educomp offers end-to-end solutions to government as well as private schools. Educomp is currently growing at a great pace.

Educomp Solutions has got the following features:
  • It is the market leader in SmartClass and Instruction and Computing Technologies (ICT) segment.
  • Well-developed content
  • Strong Sales Team
Everonn Systems
Everonn Systems is into ViTELS business. It's also a leader in the government schools business. With the growth rate that the company is going through.

Following are the features of Everonn Systems:
  • A leader in Institutional Education and IT Infrastructure Services (IEIS) business
  • Focus on content development
  • Less prone to economic cyclicality
  • Highly depends on government business
NIIT Limited
NIIT Limited is the largest training company in India. The top-line and the bottom-line of the company are expected to grow at CAGRs of 21.5% and 36.4% respectively from FY2007 to FY2010 (Estimated).

Features of NIIT Limited:
  • Have strategic initiative to shift to a 'Global Talent Development Corporation'
  • Scalability of new businesses
  • Strong hold in domestic IT training market in India
IT Training Insitutues

IT has brought major growth to the Indian education industry. It has also given India much-needed visibility and recognition in the global market. The overwhelming success of the Indian software industry has also helped India to build a strong economy. And for all these, the IT training industry played a major role.

Following are the list of leading players in IT training in India.

CompanyFY2020 Revenues (in crore)
Jetking Infotrain1995.54
CMS Computers23
SQL Star15