The education industry is booming and it is important for the country’s economic and social development. India is one of the largest education and training markets in the world with an estimated student population of 500 million. Based on current and future manpower requirements of various sectors there is a huge demand-supply gap in the education space. The education market in India is assessed to be between USD 50bn to 60bn.
There is a strong relationship between economic growth and level of education. Higher education in India has seen a significant growth over the last two decades, Universities and colleges in India have grown at a CAGR of over 6% and 7% respectively, since 1957. This growth has been powered by steady increase in enrolment. Enrolment in higher education has grown at a CAGR of approximately 6% over the past two decades, with approximately 13 million students enrolling in higher and technical education institutions in 2007-08.
Demand for graduates over the next five years is likely to be 14.8 million. But with only 14.2 million students graduating over the same period, India will face a shortfall of 600,000 graduates or may be more. There will be a shortfall of employable people. In most cases, the problem is not knowledge, but ability to communicate and implement that knowledge.
There are two possible approaches – self-development and professional mentoring. People can read newspapers, books etc to improve skills or enrol in vocational training programs.
Future Education Ltd has joined hands with top business schools and universities in India and abroad to get you the best in management education. Their programs are structured keeping in mind the global business environment and international standards.
Education system in India is on the rise from last 4 decades and also in some neighbouring countries in the Global World. In the 1970s and 1980s the educational institutions were limited and the coaching was very difficult. But recent survey shows education in India is leading and is at par with different countries which have already been developed.
The syllabus is made in such a way that even students from rural areas don’t find it difficult to solve exam papers. Of course this is applicable up to secondary education. However for higher education all students have to compete equally.
City municipal schools are providing free education particularly to girls. They are given bags, dresses, shoes and free text books for the yearly syllabus. Bright students are also given yearly scholarship which boosts their interest in studies more.
There is an introduction of online admission. Online admission is admission through computer. Students can register by filling up forms on the computer and can register with any of the colleges with their choice of subjects. But this has started very recently perhaps from last year.
The structure of education system in India is divided into three streams Commerce, Arts and Science. The students interested to take up jobs in various fields like accounting; taxation, banking etc take up Commerce stream. Students who want to take theory subjects like Political Science, Music, History, Geography etc can choose Arts. The students aspiring for Medicine and Engineering can choose the Science stream.
The students have to cross out two hurdles. First hurdle is giving SSC (10th Standard) and second hurdle is HSC (12th standard). The students who choose (MPC) (Maths, Physics, and Chemistry) opt for Engineering. Those students opt for (BPC) (Biology, Physics and Chemistry) can join Medicine. In engineering there are many fields like Civil, Electronics, Computer Science, Mechanical, Chemical etc and Medicine also spreads in various fields like Bio-technology, etc.
Computers are becoming compulsory in most of the schools, colleges and Institutions. Computer oriented courses are held to design creative projects and some animated programs. Computers can do very efficient jobs like programming, IT languages, etc.
All the results of the examination in Higher secondary, Secondary School exams and competitive exams are examined and results are computed by Computers. Computers make vast data easier to print out.
Education system as progressing in India will lead to advancement in various sectors like Industry, Factories, Oil refineries, Human resources, IT industry (which have cut throat competition with foreign Industries).
Education system leads to better communication skills and better understanding within different castes of people eliminating conservative and water tight compartment thinking.
Even students with an MBA post graduate degree volunteer to work with an NGO for an internship as the exposure and knowledge that would be gained during this tenure would help when the candidate moves to the corporate world and this is the right way in making a career move.
Gone are the days where only straight A’s got you the best job the moment you step out of your MBA institute. Practical experience of the things that you learn in the classroom is as important, because only then will you learn the real meaning behind the words that you hear your professor say. Many students today are opting to intern or work with an NGO or NPO (non-profit organization) before entering the corporate world.
Why do some intelligent and career oriented students opt to work for an NGO at the grass root level? The reason is simple students want to work at the grass root level organization because that is where their real skills are tested as there are limited resources to work with. The work experience helps to derive a practical experience of every aspect that is learnt in classrooms and also much more.