The Indian private education market currently stands at approximately $41 billion (Rs 1,79,190 crore).
K-12 schooling and higher education together represent two-third of the market.
Approximately $4 billion (Rs 17,445 crore) a year is spent by Indian students studying abroad.
A short fall of 7 million seats is expected in higher education by 2020, if current trends in schooling and graduate enrolment continue.
The demand-supply gap is exaggerated by the average quality of education being fairly low, and readily employable graduates being produced from a few institutes.
Teacher training is likely to grow at 40 to 50 per cent, as the requirement for quality teachers will be very high.
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Subscribe to this article at www.journals.uchicago.edu/toc/jcr/
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Subscribe to this article at www.journals.uchicago.edu/toc/jcr/