India's Education Sector
India's Education System: An Overview
- Composition
- 1.49 million schools
- 9.5 million teachers
- 265 million students
- Youth Demographics: 25% of the population is between the ages of 15 and 29, fuelling demand for skilled workforce.
- National Education Policy 2020: Aims to transform India's education system, focusing on holistic development and internationalization.
- Public Spending on Education: 2.9% of GDP in FY2023.
Market Size
- Estimated education sector worth: $117 billion
- Expected growth to $313 billion by FY30.
Sector Composition
- Pre-Schooling: Market expected to grow by $7.35 billion by 2028, with a CAGR of 11.2% from 2023-2028.
- K-12 Education
- 1.46 million schools
- 230 million students engaged in modern K-12 education.
- University Education
- 45,000 degree colleges
- Over ....
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