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Indian Education Sector: Growth and Opportunities (June 2011)
Jun 20, 2011
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Intertwining Diaspora Wealth & Intellect with the Nation's Progress
Overseas Indian Facilitation Centre |
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ourservices
Our investment consultation and facilitation services have been steadily attracting numerous queries from Overseas Indians across geographies, round the clock. These include queries for guidance on tax, legal, investment, education, human resource (HR) services and pre-entry market exploration. Register and avail of our investment consulting and facilitation services.
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infocus
Education in India: The way forward
India has one of the largest education systems in the world. The sector estimated to be around US$ 25.0 billion, is looking at fulfilling the goals of inclusion and quality, expansion and to be accepted as one of the best on international canvas, according to the report 'Emerging Opportunities for Private and Foreign Participants in Higher Education' released in August 2010 by PricewaterhouseCoopers (PwC).
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An Interview with Mr Vijay Thadani, Member of OIFC Governing Council and CEO, NIIT Limited
"Global work alignment has led to an emergence of a new global demand. While the rest of the world has an ageing population, India has a huge demographic dividend that can substantially contribute towards bridging the global skill gap. As per the CII-BCG report, it is expected that by 2020, India will have the ability to contribute 47 million people to the global manpower pool, while the rest of the world, including European nations, China, the USA and Japan, will have workforce shortages of the order of 56 million. This creates the opportunity for Indian workforce professionals to be educated and skilled with a global validity perspective"
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Contribution from our Premium Knowledge Partner
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discussionforum
According to Shri Kapil Sibal, Hon'ble Minister of Human Resource Development "Collaboration from the Indian diaspora in the Indian education sector is important so that the country reaches its true potential."
Additionally, the government plans to increase the gross enrollment ratio of children reaching college from 12 to 30 per cent by 2020. In order to cater to the increasing number of children reaching higher educational institutes, 1,000 more universities and 45,000 more colleges are needed.
We invite you to contribute your views and thoughts on the role of Overseas Indians in expanding the education sector in India.
Let's discuss.
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investmenttrends
India's private transfer receipts, comprising mainly remittances from Indians working overseas, for the period April-December 2010-11 stood at US$ 41.3 billion, while between April-December 2009-10, private transfers receipts amounted to US$ 40.8 billion, according to the figures released by the Reserve Bank of India (RBI) in June 2011.
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yourquery
Q: Please advice on the procedure and support from the Government to start a school in India.
A: In order to start a school in any part of the country, certain steps are required to be followed. You may go through the attached document for relevant information therein.
(Answered by our Premium Knowledge Partner Everonn Education Ltd.)
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policy&newsupdates
Government Permits FDI in LLP Firms
The Government of India has reviewed the extant policy on FDI and decided to permit FDI in LLP firms, subject to specified conditions.
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As the new Chief Executive Officer of Overseas Indian Facilitation Centre (OIFC) since June 1, 2011, I would like to thank you all for your support and hope to get the same in the years to come.
Our e-newsletter 'IndiaConnect' June edition focuses on the education sector in India, which is considered as one of the largest education systems in the world. The sector driven by changing macro-economic trends, increasing spends on education, willingness to pay for academic quality, increasing demand for global education and demand for employability-linked education offers various investment opportunities, especially for private investors.
In an interview with OIFC, Mr. Vijay Thadani, Member of OIFC Governing Council and CEO NIIT Limited pointed out that, "Skills are the 'oil' of the knowledge age. Just as machines in the industrial age were driven by oil, human mind in the knowledge age is driven by skills. With its huge demographic dividend, skills development is a significant opportunity in India. The gap in capacity, multiple types of opportunities and an enabling environment, make skills development sector a preferred investment avenue."
India attracted foreign direct investment (FDI) equity inflows of US$ 1.1 billion in March 2011, while US$ 451.7 million was mobilised in the primary market through six issues, during April 2011. For more updates, do read our Economy Watch section.
Further, read our 'IndiaUpdates' section, for latest news updates covering important news trends and analysis, aimed at helping the diaspora appreciate the emerging political and economic environment in India.
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Sujata Sudarshan
CEO
Overseas Indian Facilitation Centre |
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