The education market is growing in India is expected to reach an astounding U.S. to $ 50000000000 in 2015 by industry estimates. The Associated Chambers of Commerce and Industry (Assocham) in their latest study, said that over 50% of the Indian middle class families have started saving for higher education for their children.
I. With an increase of almost 20 to 25% income level, the savings rate has increased significantly resulting in a growth potential in the education market. Until recently was regarded as an expense, but the need for higher education will increasingly be felt by Indian middle class. India has one of the largest middle class in the world is estimated at 300 million dollars.
India's total market of about U.S. education will be evaluated on 25000000000 $, of which higher education contributes nearly U.S. $ 15,000,000,000th Is more than double over the next five years, as judged by Assocham forecasts expected.
II Not only is the rise of education in India spreads its wings to Canada and the United Arab Emirates as well. Canadian universities and colleges open their doors to welcome more Indian students are allowed to. India Education Council of Canada (CIEC), former Canadian Foreign Minister Pierre Pettigrew founded believes that its education system is among the best, and there is the need to build the bridge between India and Canada to promote education as a goal. CIEC will endeavor to increase education in an exclusive strategic corridor between Canada and India acting through the creation of a social presence, physical and legal in India and Canada.
III. A crisis of human resources by Kapil Sibal, HRD (Human Resources Development) Minister of India had been predicted. There is a shortage of young professionals, such as the aging of the population and is expected to strive to overcome the deficit by engaging in discussions with other countries like the United Arab Emirates.