Premium Essay

Education Industry

In:

Submitted By akhil13
Words 1364
Pages 6
Brief Introduction
The late Nelson Mandela once said, “No country can really develop unless its citizens are educated.” Education plays an important part in the building of a nation. The Indian government realises its significance and hence has taken several initiatives and reforms over the years to impart education and instil the values of secularism, equality, respect for democracy and self-belief among its youth.
According to the rankings released by Quacquarelli Symonds (QS), 17 Indian universities have made it to the list of top 300 universities in the Asian continent. Also, the topmost Indian management institute, Indian Institute of Management, Ahmedabad (IIM-A) has been globally ranked the fourth-best overall among 20 leading B-schools, according to the Economist.
The education sector in India is at a vital stage of its growth. The vast diversity in ethnicities coupled with varying demographics has prompted different players to invest in the sector. Meanwhile, the upward surge in the Indian economy and consequent increase in income levels has aided the spending on education in the average Indian household.
Market Size
It is expected that the Indian education sector’s market size will increase to Rs 602,410 crore (US$ 100.23 billion) by FY 15 from Rs 341,180 crore (US$ 56.77 billion) in FY 12, due to the expected strong demand for quality education.
The present Indian higher education system comprises of about 700 universities and over 35,500 colleges. More than 85 per cent of these students are enrolled in bachelor's degree programmes and about one-sixth of all Indian students are enrolled in Engineering/Technology degree programmes.
To increase the percentage of students going for higher education to 30 per cent by 2020, India will need 800 more universities and another 35,000 colleges, according to the Ministry of Human Resource Development (HRD).

Similar Documents

Premium Essay

Education Industry in Singapore

...Global trend in education industry This report is on the global trend of internationalization of higher education and its impact on education industry in Singapore in general, especially the Private Education (PE) sector. In the last two decade or so, educational institutions as well as governments having recognized the enormous potential of overseas market for education have been internationalizing education, especially higher education. Also, in the recent time universities and institutions around the globe including Singapore have been experiencing a decrease in public-funding and also corporatization. These developments have placed the institutions under constant pressure to restructure to become more entrepreneurial and globally competitive. This report also examines the policies that helped in growth of the education industry in Singapore and the role being played by foreign universities in achieving the ambition of Singapore to be a ‘Global Education Hub’. Analysis of the global trend The global trend of internationalization of higher education, especially among universities in industrialised developed nations has been consistent in the last two decades or so and it has manifested itself by way of exchange of faculty, students and curricula. Universities in the developed nations like USA, UK, Australia and some countries in Europe have been seeking much greater number of students to their campuses as well as established collaborative links with developing and transnational...

Words: 1108 - Pages: 5

Premium Essay

The Impact of Technology on the Education Industry

...The Impact of Technology on the Education Industry by I. Wiggan September 27, 2011. Technology is the development over time of systematic techniques for making and doing things (Britannica Encyclopedia, 2001). According to the oxford dictionary; education is the process of training a person’s mind so that they can acquire knowledge. The combination of education and technology has been considered the main key to human progress. Education feeds technology, which in turn forms the basis for education (Fodje, 2006). The acquiring of knowledge allowed man to develop technological aid to make life easier. To date this same technology has impacted on the education industry in Jamaica. Technology has made a mark on Jamaica over the years; it is the fuel that drives Jamaica’s education industry at every level. Jamaica’s education model has four levels through which an individual can access or receive a formal education: Early Childhood Education; Primary Education; Secondary Education and Tertiary Education. At each stage of learning, technology has made a mark on students’ educational pursuits. At the Elementary stage of education, children between the ages of 2 – 6 years old are taught using audio visual aids. These are referred to as educational software; examples leapfrog and ‘my baby can read.’ These technological tools allow children to respond to audio and visual educational material. These mechanisms are tailored to gain the attention of children so that they learn prescribed...

Words: 1261 - Pages: 6

Free Essay

Information System in Education Industry

...Industry: Education Information System: Student Management The System In every education industry there is a big role of information system. When we talk about Education Industry, it means Schools, Colleges, Universities and other source of education provider. They use information system to keep log of student information such as, course registration, fees, grading, online learning and communication. Lets take an example of our school Stratford University. Stratford has a very large and effective information system that controls all the student and teacher’s data. The system has many layers on which it performs the specific tasks. The Input Information system at Stratford takes input in various forms. There are departments in school that have access of the specific part of the system and it lets the department to enter the information. Below are some input types: * Initial application entry with basic new student information * Detail information of student with accepted application. * Registration for Quarter * Fees Payment * Registration for Courses * Attendance and Online learning * Personal web portal space for Student All above inputs follow a procedure and a flow. That means you cannot register for courses unless you have been registered for the current or upcoming quarter, and so and so forth. The Process Once the first set of information added into the system, the system generates a unique student ID for the record...

Words: 551 - Pages: 3

Free Essay

Labor Studies

...industrial nation as seen in steep declines in national industry so far as in manufacturing, resource collecting, and other goods producing labor. An explanation of how work has changed in Canada due to globalization, politics, and technology is seen to have guided service sector employment to the fore front of Canadian society. Higher education will be seen as a key factor to future “good” employment. BODY Industrialization refers to the technical aspects of the accumulation and processing of a societies resources. Industrialism is defined as a social or economic system built on manufacturing industries (Oxford Dictionary). Has Canada become a post-industrial society? I would sure have to say so! Canada of course still has aspects of manufacturing and resource processing across its vast provinces, but technology is quickly creating a new society of higher educated workers selling their knowledge of computers, not just the hardware and circuitry, but also the software and 01010’s that comprise the interfacing with the hardware. Of course that just scratches the surface of technology but at least you are now pointed in the general direction of where and how work will be done. To understand fully where we are today let’s look at the characteristics of an Industrial society and that of a post-industrial society, one that is leaving and entering a new age, much as industry did to agriculture. An industrial society utilizes technical...

Words: 997 - Pages: 4

Free Essay

Multigenerational Workforce in Difference Industries

...Multigenerational Workforce in Difference Industries Lingwen Meng Lee University Abstract The multigenerational diversity in workforces in different industries is getting larger in the last decade. Not only there are a major shifting of young workforce to professional industries and non-professional industries, but there is a growing in size of elder workforce in the most popular industries. This fact is creating many changes and challenges in communication between different generations at work. Keywords: multigenerational workforce, business communication Definition According to Department for Professional Employees, the young workforce is defined as people aged 20 through 34 who are working at the moment. On the other hand, the elder workforce is the people aged above 35 who are working. In 2013, young people were estimated to be twenty-seven percent of the professional workforce. Research On a macro scale, according to Bureau of Labor Statistics, in 2013, the total number of young workers in all industries was 49 million people out of 144 million employees in the U.S, which is 34 percent of the total workforce. The total number of elder workers in all industries was 95 million people out of 144 million employees in the U..S, which takes 64 percent of the total workforce. The amount of elder workers was nearly double the amount of young workers. Young workers with less education than associated degree are moving...

Words: 1540 - Pages: 7

Premium Essay

Ecos

...rate of 3 %, a level that is mediocre by international standards and is still below what is deemed necessary for supporting a lasting transition to democracy and correcting the historical injustices of apartheid. Numerous policies have been implemented to correct these faults and increase growth but have seen little success. A combination of poor economic reasoning and implementation may account for this. But a recurring problem with historical and current policies is that they are contradictory and at times conflicting. The 2008 OECD report highlighted this in AsgiSA, which focuses on employee training but offers little to improve basic education. Therefore, correcting these faults and achieving increased growth calls for complementary policies to create a virtuous cycle for success. The following essay looks at the labour market, industry, trade and public-private partnerships as areas of focus for constructing a democratic developmental state. Policies suited for each of these focus areas are discussed whilst highlighting how they complement each other to achieve a virtuous cycle. The labour market A lack of skills and employment creation is one of South Africa’s fundamental economic weaknesses. High levels of structural unemployment, due to a lack of skilled labour, emphasize poverty and...

Words: 1837 - Pages: 8

Premium Essay

Study of Sweden

...and construction industry. There is a lot of prospect in manufacturing sector, retail sale of no-durable goods. Top 5 Products exported by Sweden | Refined Petroleum (6.2%), Telephones (5.2%), Packaged Medicaments (4.4%), Cars (3.6%), and Vehicle Parts (3.3%) | Top 5 Products imported by Sweden | Crude Petroleum (7.9%), Cars (4.8%), Refined Petroleum (4.0%), Vehicle Parts (3.4%) and Telephones (2.4%) | Top 5 Export destinations of Sweden | Germany (9.9%), United Kingdom (6.7%), Denmark (6.7%), Norway (6.7%) and United States (6.3%) | Top 5 Import origins of Sweden | Germany (18%), Denmark (7.9%), Norway (7.4%), Netherlands (6.2%), and United Kingdom (5.9%) | Sweden is ranked 2nd with an Economic Complexity Index (ECI) of 1.98292 Sweden has direct competition with Finland and Denmark. Competitive Country: Finland Finland provides an environment for business through its financial aiding and has policies which aid the work flow. The education level is being raised in Finland to become a technological and innovation based platform for business enterprise. There is a huge skilled workforce who is ready to adopt any change in work environment and adapt any changes. Industries: Energy, Agricultural and manufacturing. Denmark Denmark is known strongly for its innovative capacity. Denmark its follows a flexicurity system which is the most efficient in labor markets and it has strong social safety net. Industries: Manufacturing, shipping...

Words: 722 - Pages: 3

Premium Essay

Agenda Foe Economica Revival

...Economic Revival June 2012 June 2012 © Confederation of Indian Industry Copyright © 2011 by Confederation of Indian Industry (CII), All rights reserved. No part of this publication may be reproduced, stored in, or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of the copyright owner. CII has made every effort to ensure the accuracy of information presented in this document. However, neither CII nor any of its office bearers or analysts or employees can be held responsible for any financial consequences arising out of the use of information provided herein. However, in case of any discrepancy, error, etc., same may please be brought to the notice of CII for appropriate corrections. Published by Confederation of Indian Industry (CII), The Mantosh Sondhi Centre; 23, Institutional Area, Lodi Road, New Delhi-110003 (INDIA), Tel: +91-11-24629994-7, Fax: +91-11-24626149; Email: info@cii.in; Web: www.cii.in Confederation of Indian Industry The Mantosh Sondhi Centre 23, Institutional Area , Lodi Road, New Delhi – 110 003 Tel.: 011-24621874, 24629994-97 : Fax: 011-24626149 Website:www.cii.in Edited, printed and published by: Chandrajit Banerjee, Director General, CII on behalf of Confederation of Indian Industry from The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi –110 003 Tel: 91-11-24629994-7 Fax: 91-11-24626149 email:...

Words: 19794 - Pages: 80

Premium Essay

Continue

...ENHANCING STUDENT EMPLOYABILITY: Higher Education and Workforce Development Ninth Quality in Higher Education International Seminar in collaboration with ESECT and The Independent. Birmingham 27th-28th January 2005 The Competencies for Next Generation Employability Eamonn McQuade, Deirdre Hogan, John O’Donoghue, Theresa Maguire, Eamonn Murphy. Programme for the University Industry Interface, University of Limerick Conference Theme 3: Working with employers Abstract It is generally accepted that employees will need to broaden their knowledge, skills and competencies through a lifetime of learning if they are to remain employable, and if enterprises are to maintain their competitiveness in a knowledge-based global economy. However, identifying and developing skills and competencies for next generation employability in Ireland is a challenging task. The Programme for University Industry Interface (PUII) is an action research project, established in 2003, to determine the skills and competencies required by Irish Industry and to develop learning models that will facilitate their delivery. This paper presents the outcomes of an action research methodology based on a Community of Practice model (COP), which addressed the issues surrounding competencies for next generation employability. It proposes a competency framework which integrates the four key categories of skills: Business, Technical, Interpersonal, Intrapersonal, and presents a set of recommendations...

Words: 6540 - Pages: 27

Free Essay

Productivity Is Difficult to Improve in the Service Sector

...harder to achieve than in goods producing industries. There is no exact data about this but only some notion of hypothesis by the economists and business men support Baumol that it is hard to improve productivity in service sector due to some reasons. Service industry means one is offering their service using a platform and most commonly used platform till today is the labour force. The first reason that leads to the difficulty in improving productivity of a company is because service industry typically needs the intensity in their labour force to compare to the manufacturing industry. This is because the labour will deliver their service to the customer. They tend to involve a significant amount of customization or customer interaction, so their operations rely heavily on these labours. The more services to be delivered or the more customers to be reached, the more labour force will be required which then, costly per each labour salary they need to pay. For example, Hotel industry is labour-intensive since they need to hire more labours to satisfy their customer since they are delivering intangible goods to the customers and the only important platform of delivering that service which is the labour, must be qualified and enough. Talking about the importance in delivering the service to satisfy the customer, this is said to be the other reason for its harder to improve the productivity in service industry. Usually in manufacturing industry, the marketer will find out first what...

Words: 933 - Pages: 4

Premium Essay

America

...Information Technology has been one of the fastest growing industries in the last three decades. With a growth rate of 5.6%, information technology sector is now more than a $1.6 trillion (Nasscom) industry from what was merely an industry of few millions in 1980s. Today almost all electronic devices have a chip programmed to run the device efficiently. Information technology does not just support the internet and computers; it has grown to almost every sector today, from computers to mobile phones, from banking to automobiles, from education systems to Business process, information technology is involved in improving the system performance everywhere. Information technology played an important role in improving process and performance of businesses. Globalisation had an important role in kicking off the demand for information technology. But this was not the only reason for high demand of software products and services, strong technological advances were being pursued in all sectors. Heeks and Nicholson (2004) identified that According to them the developed economies had significant growth in the sector since the 1970 after which the world saw rise of three countries, Israel, Ireland and India, who were then called the ‘first followers' in the industry and later came to be known as world leaders (Heeks and Nicholson, 2004). Outsourcing has been an important mode of business in information technology industry and most developed countries today outsource, from low level...

Words: 5459 - Pages: 22

Free Essay

Organizational Group Dynamics

...most classical cases of high potential-low on performance type of industry. 68 years and beyond India still is trying to find the right foot for its manufacturing sector. Back in 1950s, India had a great platform and could have set stage for a prosperous future. But it was marred by political instability, vicious fights for power, cultural prejudice, caste discrimination, lack of entrepreneurial vision and above all sheer will to understand the cost of success. The Indian concept of ‘jugaad’ is good but is it this what is required for the success of manufacturing industry? The story till date: Not a happy start Today manufacturing in India accounts for approximately 15 % of the GDP. In 1993 the manufacturing sector was also around 15% of RESTRUCTURING INDIA’s GDP DISTRIBUTION Saurabh Kumar Singh IMT-Ghaziabad GDP. With almost negligible percentage of growth, countries like China or even Malaysia, Indonesia and Philippines have shown significant improvement in the last decade. Since independence of India, the vision of the government never included good reforms for manufacturing industries. When it was the time for the Indian SMEs to understand that export was the key to ensuring their prosperous future, India was beleaguered by emergency and license Raj. China during this time was gathering forces which sky-rocketed their growth in the late 1980s. For example, the textile sector in India was a flourishing industry and the labour cost in India is almost half that of China, yet...

Words: 1287 - Pages: 6

Premium Essay

Aviation Sector

...the 3rd largest aviation market by 2020 2. The Indian aviation sector is likely to see investments totaling USD 12.1 Billion during 2012-17; USD 9.3 Billion is expected to come from the private sector. 3. Although Indian aerospace industry is in nascent stage contributing to mere 0.25% to the global industry, it has shown tremendous growth over the years growing at nearly 20% per year since 2004. India‘s total exports for the sector stood at US$ 1.5 billion in 2010, out of which more than 96% of the contribution was from aircraft parts. 4. 100% FDI is allowed under the automatic route in the auto and aircraft components sector, subject to all the applicable regulations and laws. 5. India is fourth largest producer of steel in the world and Cost of making steel significantly lower than competitive nations. 6. India is an emerging global hub for sourcing auto and aerospace components. 7. India has the third largest pool of scientists and technicians in the world. Skilled manpower is available in abundance in Semiconductor Design and Embedded Software. So, strong design and R&D capabilities in the field of auto electronics and industrial electronics can be achieved. Specific manufacturing processes in aviation industry: Aviation industry has six core manufacturing processes: 1. Design Engineering 2. Component Manufacturing (Tier -3) like castings, forgings, sheet metal components, power & electronic components 3. Component Manufacturing (Tier-2) like hydraulic...

Words: 613 - Pages: 3

Premium Essay

Manufacturing

...Manufacturing: A brief global look by ??? April 9, 2011 Manufacturing is a key component of any country’s economy and many comparisons have been made between the United States (U.S.) and other countries. Since World War II the U.S. has been the leader of the manufacturing sector due mainly to the fact that the U.S. industrial plants were not devastated by the destruction of war as where most of Europe and Asia. This paper is a team effort and will give a brief look at the state of manufacturing and some of the incentives each government has used to entice the growth of manufacturing within their respective countries. The countries to be examined are the United States, China, Germany and Japan. You hear it on the news, read it in the newspapers and see the results in the stores that manufacturing is dead in the (U.S.); however, if you do a little research you find the U.S. is still the leader in manufacturing production. As Stephen Manning of the Associated Press acknowledged in a rare “just the facts” story in mid-February, the U.S. “by far remains the world’s leading manufacturer,” producing goods valued at a record $1.6 trillion in 2007 — nearly double the $811 billion produced a decade earlier. Indeed, the AP writer noted, “For every $1 of value produced in China’s factories [in 2007], America generated $2.50.” Not bad for a country that doesn’t produce anything anymore. Some other facts about U.S. manufacturing are: •The United States is the world’s...

Words: 4474 - Pages: 18

Premium Essay

A Study of Socio-Economic Impacts of Industrialization in Hazira Belt

...A GROUP PROJECT REPORT ON “A STUDY OF SOCIO-ECONOMIC IMPACTS OF INDUSTRIALIZATION IN HAZIRA BELT” AT HAZIRA , BHATPOR, SUVALI AND MORA SUBMITTED TO : DEPARTMENT OF RESEARCH METHODOLOGY & INTERDISCIPLINARY STUDIES IN SOCIAL SCIENCES (DRMISSS) VNSGU, SURAT SUBMITTED BY: SANDIP.B.GOHIL (ROLL NO 40) INDRAJIT.D.MAHIDA (ROLL NO 61) JIGNESH .B.CHAUHAN (ROLL NO 21) TUSHAR .V.JAYPAL ( ROLL NO 46) MHRD (1ST SEMESTER) ACKNOWLEDGEMENT We gohil sandip, mahida indrajit, jaypal Tushar and chauhan jignesh , students of MHRD 1st semester DRMISSS,VNSGU,SURAT wish to express our sincere thanks to Mrs Falguni jani medam our project mentor , who has given us the opportunity to do this project. Again we wish to express our heartfelt gratitude to our project guide Mrs Falguni jani medam whose constant help and support at all stages of this project has enabled us to complete it on time. This project could never been submitted without the major contribution of several people. We would like to thank our librarian for providing all the reference material regarding our project topic We would like to thank all the people out there in hazira and surrounding area who helped and cooperated us during the research work, without whom we could’t been able to complete our project. Last but not least, we thank all those who have helped us directly or indirectly during the course of this project. DECLARATION We, Gohil Sandip, Mahida Indrajit, Chauhan Jignesh...

Words: 4822 - Pages: 20