White Paper on Education Sector| July 10, 2013|
Provides an overview of Education Sector and its critical business models, driving forces & associated challenges with respect to Bhopal market.| |
Indian Education Sector
* Anatomy of education Sector
* Investment rationale
* Private Education: next 5 Years
Rising trends in Education Spent
* Urban Centric concentrated growth
* Challenges before public policy makers
* Extensive Legislative anvil
Bhopal Education Sector
* Industry Classification
* Pre- School
* Business Model
* Key Player
* Business Model
* Key Players
* Higher Education
* Distance vs classroom teaching
* Business model
* Key regulators
* Key players
* Key Players
* Vocational training
* Drivers and opportunities
* Key Players
Role of Advertisement
* Major media Vehicle
* Media Planning Process
* Revenue spend in various segment
* Challenges Faced (Client Vs Company)
Indian Education Sector
At INR 4000bn, yearly educations spend in India is larger than that of the US at comparable prices. Estimated revenue CAGR of private entrepreneurs in education, at 18% during 2011-’15 (INR 2250bn by 2015), is also one of the world’s fastest, and is expected to be driven by a sharp rise in household spend, with median income elasticity of 2. Public policy is likely to aid incumbents but to defocus private players from K-12. Skill and vocational training are emerging as key opportunities. High growth, limited investable opportunities and the recession-proof nature of the education sector are likely to keep valuations high. I initiate coverage with a positive stance. Key Drivers:
* At INR, India’s education sector is bigger than that of the US. With INR 4000bn of yearly overall education spend at comparable prices; India’s education sector is bigger than that of the US. Even at a value of INR 5000bn by market prices, education spend in India is the 9th highest. India’s yearly growth in education spend, at 15%, is also one of the fastest.
* Private education revenue growing 19%, to touch INR 2250bn by 2015. From INR 1500bn in 2012, private education revenue is set to reach INR 2150bn by 2015. Main revenue streams: K-12 (INR 1000bn), technical education (INR 600bn), coaching (INR 400bn) & pre-school (INR 150bn).
* Over 10% of wallet. 10.4% of total consumer spend of the urban affluent (top 10% by spend) funds private education. The rural poorest (bottom 10%) spends just 1.4% of wallet on education. With median income elasticity of demand for education at near 2, a 1% rise in per capita income leads to 2% rise in spends, mostly on private education. This is a key driver for the sector.
* Public policy to defocus private players from K-12. Formal education in India is on a non-profit basis. While ongoing reforms may help incumbents, the Right to Education Act may deter private players from K-12.
* Skill enhancement: the next big thing. Shortage of trainers and ICT based interface are likely to challenge classroom-based coaching models. Private players are expected to focus on technical education and pre-schools. Also, the gulf between formal education and the market’s skill requirements is driving demand for vocational education and skill development services
Anatomy of the Indian education sector
Three key rungs of the educational system
* Formal education: This comprises school, college, university and technical/professional education. The core, or formal, education system in India is highly regulated. A key policy condition is that formal education institutes need to operate on a non-profit basis.
* Parallel education: This system is largely...
...A strong education system is the cornerstone of any country's growth and prosperity. Over the last decade, India has made great strides in strengthening its primary education system. The District Information System for Education (DISE) reported in 2012 that 95% of India's rural populations are within one kilometer of primary schools. The 2011 Annual Status of Education Report (ASER), which tracks trends in ruraleducation, indicated that enrollment rates among primary-school-aged children were about 93%, with little difference by gender.
However, behind the veil of such promising statistics, the learning outcomes of India's children show little progress. The country ranked 63 out of 64 in the latest Program for International Student Assessment (PISA) study, with some of its best schools ranked about average among those surveyed. The 2011 ASER stated that only 48.2% of students in the fifth grade can read at the second grade level. The number of students completing their primary education with inadequate numeracy and literacy skills is startling. To see this manifest in an economic sense, one may attribute India's productivity growth -- lagging behind that of East Asian economies -- to a lack of progress in the foundational elements of countrywide, high-quality education.
India's private-schooled, English-speaking urban elite may attract global attention, but they are in...
...IndianEducation is on the Crossroads: The role of Teacher-Education
Chaman Lal Banga, Assistant Professor (Education), Department of Education, ICDEOL, Himachal Pradesh University Shimla, Email: [email protected]
There is a view that the present system of education is, after all, quite reasonable and what we need is to make it a little more sophisticated, much more polished, with some modifications here and there like vocationalisation and job-orientation, and what we further need is to ensure accountability of teachers and educational institutions. It has even been prominently asked, in defence of the present system, if we ourselves are not the products of that astern and whether we are not, more or less, quite well-equipped deal with our responsibilities. t is noteworthy that the greatest representatives of the Indian renaissance, from Maharshi Dayananda Saraswati to Sri Aurobindo had perceived in the ancient Indian system of education such an uplifting and inspiring model that they had all advocated for free India a national system of education, rooted in the ancient Indian conception of education, which would, at the same time, cater to the ideals of internationalism and universality. They had all dreamt of a free India where students would relive the presence and guidance of the...
...by cultivation and humans by education’
Mr. Shantanu Prakash, Chairman and CEO, Educomp Solutions Ltd., Mr. Harpreet Singh, President, JRE Group of Institutions, Prof. Stephen Rawlinson, Academic President, JRE Group of Institutions, Mr. Siddharth Mukherjee, Director of Corporate Relations, Prof. Pankaj Gupta, Director, School of Management, Dr. Ramesh Agarwal, Director, JRE Group of Institutions, members of the print and electronic media, students of the pioneer batch of MBA Programme and their parents, distinguished invitees, ladies and gentlemen.
1. It is my pleasure to inaugurate the campus of JRE Group of Institutions, in particular the opening of JRE School of Management, which is an outcome of an academic partnership between Educomp Solutions Limited and Raffles Education Corporation Limited. I also take this opportunity to congratulate all those associated with this venture and warmly congratulate the students of the first batch (2011-13) of the JRE School of Management.
Need and importance of education
2. Education, as you are aware, is vital to the human resources development and empowerment in the stages of growth of a nation. In any education system, higher education encompassing Management, Engineering, Medicines etc., plays a major role in imparting knowledge, values, and developing skills and, in the process, increase the growth and productivity of the nation....
Subject: Sherman Alexie delivers an essay portraying his life from a yearly view-point encompassing the 1st to 12th grade.
Occasion: Indian misconceptions, mistreatments, stereotypes, and discriminations all affected Alexie on his educational highway and served as a basis for the writing of “IndianEducation”.
Audience: Alexie’s audience is primarily those interested in the lifestyle of Native Americans.
Purpose: Alexie highlights how he ultimately overcame the hardships suffered during his early years due to his Indian ethnicity and displays how Native Americans were, and continue, to suffer from discrimination.
Tone: His tone is saddened and bitter, almost as if he feels sorry for those who couldn’t achieve success alongside him.
In his essay, “IndianEducation”, published in the story collections The Lone Ranger and Tonto Fistfight in Heaven in 1993, Sherman Alexie highlights how he ultimately overcame the hardships suffered during his early years due to his Indian ethnicity and displays how Native Americans were, and continue, to suffer from discrimination. With the use of clever identically constructed sentences to contrast his academic ascendency with the decline of those around him, powerful segment conclusions to create a spatial effect...
...Essay on IndianEducation System
To strengthen the IndianEducation System, an educational policy was adopted by the Indian Parliament in 1968. Education was made an important and integral part of the national development efforts. After independence there has been an effort to spread education to all levels of Indian society. Statistics point to the fact that 99 per cent of children in age group 6-11 years have been enrolled in school. However, to bring the remaining into the ambit of universal primary education is proving difficult because some reside in inaccessible areas, there is a deep rooted prejudice against educating girls there are practical difficulties of distance and inaccessibility of schools. Moreover, the dropout rate is so high that universal elementary education (UEE) is quite an elusive goal.
Since, education is important for the growth of developing nation like India, various steps have been devised to reduce the percentage of dropouts. Non-formal education to provide educational facilities for the drop-outs and to fulfill the desire for additional education in the grown-up-drop-outs is being given a new orientation to make it purposeful and to attract a broad spectrum of the drop-out population.
In IndianEducation system, adult...
India has a long history of organized education. The Gurukul system of education is one of the oldest on earth but before that the guru shishya system was extant, in which students were taught orally and the data would be passed from one generation to the next. Now everything has changed. New method of education has taken the Indians to the next level. Thus it improved the knowledge and innovative ideas has come up in the minds of the Indians.
II. Types of Education
There are different types of education in India. Every individual has the right to choose a method (As mentioned below) for his education. Universities plays a major role in the lives of students in India. There are universities focusing on the study of medicine, arts and language, journalism, social work, business, commerce, planning, architecture, engineering, and other specialized studies. Most Indian universities teach in English Medium and conduct special language classes for those weak in English.
With 343 universities and 17000 colleges, India offers a wide spectrum of courses that are recognized globally. Apart from undergraduate, postgraduate and doctoral courses, there are many training and diploma-level institutes and polytechnics that cater to the growing demand for skill-based and vocational education. The quality education that India...
...INDIA'S GROWTH THROUGH ADVANCEMENT IN EDUCATION SECTOR
*Research scholar,sri Venkateshwara university,gajraula
**Supervisor, Maharaja agarsen college,Delhi university.
Education in India today is nothing like it was in Pre-Independence and Post-Independence Era. Education System in India today went through a lot of changes before it emerged in its present form. Presenteducation system in India is also guided by different objectives and goals as compared to earlier time. Present system of education in India, however is based around the policies of yesteryears. After independence, it was on 29th August 1947, that a Department of Education under the Ministry of Human Resource Development was set up. At that time the mission was the quantitative spread of education facilities. After, 1960’s the efforts were more focussed to provide qualitative education facilities. The present research focus on steps through which our indianeducation system had gone through. The basic moto of this research is to show that india has done serious efforts in education nd has shotremendous development but it is still lacking in comparison with developed nations. This study is an effort to suggest some measures for its improvement.
Education in every...