EDUCATION AND

TRAINING
For updated information, please visit www.ibef.org September 2020
Table of Contents

Executive Summary……………….……......3

Advantage India………………....….….……4

Market Overview ……………….……..….....6

Recent Trends and Strategies…….….…….13

Growth Drivers and Opportunities…..……..18

Policies and Initiatives………….……..…….22

New Developments………...……........…….26

Key Industry Organisations...……........…….29

Useful Information……….….……….....……31
 EXECUTIVE SUMMARY

Education Industry in India1 (US$ billion) Number of Colleges in India

102.0 40,200
40,000
101.1

40,026
100.0

39,931
39,800
98.0 39,600

96.0 39,400
39,200
94.0
39,000

39,071

39,050
92.0
38,800
91.7
90.0 38,600
38,400
88.0

FY16

FY17

FY18

FY19
86.0
FY18 FY19E

 With approximately 28.25 per cent of India’s population in the age group of 0-14 years, India’s education sector provides great growth opportunity.

 According to Union Budget 2020-21, the Government allocated Rs 59,845 crore (US$ 8.56 billion) for Department of School Education and Literacy.

 The country has also become the second largest market for E-learning after the US. The sector is expected to reach US$ 1.96 billion by 2021 with
around 9.5 million users.

 Government of India’s target of Gross Enrolment Ratio (GER) of 30 per cent for higher education by 2020 is expected to drive investments in the
education space. The Government is also planning to promote the education sector to help increase the share of overall services’ sector in the GDP
of the country.

 56 institutes were represented from India in the Times Higher Education (THE) Emerging Economies University Rankings 2020.

Source: UGC, India Ratings and Research FY19 Outlook, KPMG – Online education in India, AISHE 2018-19, News sources, E- Estimated
Notes: E – expected
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 Education and Training

ADVANTAGE INDIA
 ADVANTAGE INDIA

 Largest population in the world with ~500  The edtech market in India is expected to hit ~
million in the age bracket of 5-24 years US$ 3.5 billion by 2022; investments in 2020
presents a large opportunity in the education are expected to reach >US$ 1.1 billion.
space.  Between January 2020 and August 2020,
 India has over 250 million school going venture capital investors invested ~US$ 1.19
students, more than any other country. billion across 36 deals, against the ~US$ 409
million across 43 deals between January 2019
 Huge demand supply gap with an additional and August 2019.
requirement of 200,000 schools, 35,000
colleges, 700 universities and 40 million seats
in the vocational training centres.

ADVANTAGE
INDIA
 Large English-speaking population allows
easy delivery of educational products. India  100 per cent FDI (automatic route) is
was ranked 34 out of 100 countries in allowed in the Indian education sector.
English Proficiency Index 2019.  To liberalise the sector, the Government
 As of December 2019, internet penetration in has taken initiatives such as the National
India reached 54.29 per cent. Increasing Accreditation Regulatory Authority Bill for
internet penetration will help in education Higher Educational and the Foreign
delivery. Educational Institutions Bill.
 On July 29, 2020, National Education Policy 2020 was approved
by the Cabinet.

Note: GER stands for Gross Enrolment Ratio, NEP – National Education Policy, HRD – Human Resource Development
Source: Ministry of HRD, Technopak, Department of Commerce Government of India, DPIIT, TRAI, News Sources

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 Education and Training

MARKET OVERVIEW
 EVOLUTION OF THE INDIAN EDUCATION SECTOR

 In 1992, the National Policy on Education-1986 was revised.  In 2012 the amendment of the Indian Institute of Technology
 In 1995 the National Programme of Nutritional Support to Act, 1961 took place which envisages inclusion of 8 new
Primary Education (NP-NPSE) was launched as a sponsored IITs.
scheme by the Centre.  In 2014, Indian Institutes of Information Technology Bill,
 In 1995, National Council of Rural Institutes (NCRI), an 2014 was passed by both the houses of the parliament. The
autonomous body was established for the promotion of rural bill aims to bring 4 information technology institutes1 under
higher education. the control of a single authority.

1960-1990 1990-2000 2016 Onwards

2000-2010 2010-2014

 A new education policy is being drafted to ensure

 In 1964, the Kothari Commission was  RMSA was launched in March 2009 with the objective to quality education in India from 2020-40.
appointed to make a detailed survey of all enhance access to secondary education.
 The National Testing Agency was approved by the
the education branches in India and advice  In 2009 Saakshar Bharat, a centrally sponsored scheme Cabinet in November 2017 to conduct all high-stake
Government on policies for the development was launched with focus on women and other. college entrance exams in India.
of education at all stages and in all its disadvantaged groups in rural areas of low literacy
aspects.  In June 2017, Government of India announced that it
 The RTE, became operative in 2010 according to which would replace the University Grants Commission with
every child has a right to elementary education. Higher Education Commission of India.

Notes: RTE - Right of Children to Free and Compulsory Education, RMSA- Rashtriya Msdhyamik Shiksha Abhiyan, NIT-National Institute of Technology, IISER- Indian Institutes of Science
Education and Research, 1 IIIT-Allahabad, IIIT-Gwalior, IIIT Design and Manufacturing Jabalpur, and IIIT Design and Manufacturing Kancheepuram

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 EDUCATION LANDSCAPE IN INDIA

Indian Education System

Public sector Private sector

Formal setup Non formal setup

Schools Schools Pre-schools

Central Government Higher education

Coaching classes
funded institutions institutions

State Government
funded Multimedia schools
institutions

Higher education Vocational training

institutions centers

Education material
suppliers

Source: Grant Thornton

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 SCHOOL EDUCATION

Schools In India, 2018–2019 Number of Students, 2018–2019

5.5% Government Government

11.1%
3.6% 3.2%
21.0%
Private Private

1,550,006 247,853,688 51.8%

33.9%

Aided Aided
69.9%

Others Others

 The new policy emphasis on Early Childhood Care and Education, the 10+2 structure of school curricula is to be replaced by a 5+3+3+4 curricular
structure corresponding to ages 3-8, 8-11, 11-14, and 14-18 year, respectively.
 A new National Assessment Centre, PARAKH (Performance Assessment, Review, and Analysis of Knowledge for Holistic Development), will be
set up as a standard-setting body.
 As of 2018-19, India had 1,550,006 schools; government schools accounted for the largest share at ~70% to the total number of schools in India.
 Pupil Teacher Ratio (PTR) for elementary and secondary education in the country was 29 in 2018-19. NEP 2020 aims to achieve a pupil-teacher
ratio (PTR) of under 30:1 at every level of the school; For areas having large numbers of socio-economically disadvantaged students, the
programme aims for a PTR of under 25:1
Source: United Nations Development Programme, NEP 2020

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 HIGHER EDUCATION…(1/3)

Number of Colleges in India Number of Universities in India

CAGR 8.31 %
1,200
40,200

40,000 40,026 1,000

993
39,931
39,800

903
800

864
39,600

799
39,400 600
39,200
400
39,000
39,071

39,050

38,800 200
38,600
0
38,400

FY16

FY17

FY18

FY19
FY16

FY17

FY18

FY19

 Number of colleges in India reached 39,931 in FY19, up from 32,974 in FY11.

 Number of universities in the country also increased at a fast pace from 621 in FY11 to 993 universities in FY19. Total number of agricultural
universities in the country increased from 35 in 1999 to 75 in 2017.
 India has 56 of the world’s best universities as per Times Higher Education (THE) World University Rankings 2020.
 NEP offers multiple exit options and appropriate certification within undergraduate education period and an Academic Bank of Credit will be
established for digitally storing academic credits earned from different institutes so that these can be transferred and counted towards final degree
earned.
Note: Update is expected after September 2019
Source: UGC, PWC, AISHE 2018-19, NEP 2020

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 HIGHER EDUCATION…(2/3)

Year-wise
Student Enrolment
growth ofin
students
Higher Education
enrolment (million)
(million) Year-wise
Gross Enrolment
growth of
Ratio
students
in Higher
enrolment
Education
(million)
(%)

25.0 27.0
26.5

26.4
20.0 26.0

26.3

26.3
26.0
18.6 19.0 19.2 19.2 25.5
17.4 18.2

25.4

25.4
15.0 16.7 25.0
16.0
24.5

24.5
10.0 24.0
23.5

23.5
5.0 23.0
22.5
0.0 22.0
FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19

Male Female Male Female

 India has the world’s largest higher education system and it ranks second in terms of student enrolment. India had 37.4 million students enrolled in
higher education in 2018-19.

 Online higher education may prove to be a good alternative and is expected to grow at 41 per cent CAGR between 2016-2021.

 NEP 2020 aims to increase the Gross Enrolment Ratio in higher education including vocational education from 26.3 per cent in 2018 to 50 per
cent by 2035. 3.5 crore new seats will be added to Higher education institutions.
 Central Government has increased the research fellowship of Ph.D. students and other research personnel enrolled in any area of science and
technology with effect from January 1, 2019.

Source: UGC, AISHE 2018-19; US Department of Education, NEP 2020

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 HIGHER EDUCATION…(3/3)

University Mix (2011-12) University Mix (2018-19)

Central Central
6.13% 3.49%
6.77%
4.83% 1.03%
1.77%
Deemed University - Deemed University -
Government 8.22% Government
Deemed University - Deemed University -
12.74% 38.13%
46.13% Government Aided Government Aided
Deemed University - Private 13.05%
Deemed University - Private

9.52%
Institute of National Importance Institute of National Importance

16.94%
State Private University 31.24% State Private University

State Public University State Public University

 There has been a significant increase in the share of the state private universities as part of total universities. In 2018-19, 31.24 per cent of
universities in the state were state private universities and 8.22 per cent were private deemed universities.

 There were 304 state private universities and 80 private deemed-to-be universities in India in 2018-19.

Source: AISHE 2018-19

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 Education and Training

RECENT TRENDS
AND STRATEGIES
 NOTABLE TRENDS IN THE K-12 SEGMENT

 Various operating models like a mix of franchisee and owned-schools are being used by private players to
Private schools adopting ensure their economic viability.
franchise models  Setting up an all new education institution is very difficult and expensive franchising provides opportunities to
start a new business with less capital.

Emergence of
 With increasing awareness, private Indian players are collaborating with international brands to provide
international school education of international standard.
segment

 Schools are investing in information and multimedia education technologies to provide better education to
students.
 By 2024, ~47% learning management tools are expected to be enabled by AI capabilities.
 In April 2020, the Class Central (a free online course aka Massive Open Online Courses (MOOC) aggregator
Increasing use of from top universities like Stanford, MIT, Harvard, etc.) released the list of best 30 online courses of 2019, out
of which, six courses are from SWAYAM.
technology
 In May 2020, a new mobile app called ‘National Test Abhyas’ was launched to enable candidates to take mock
tests for upcoming exams such as JEE Main and NEET under NTA’s purview.
 In June 2020, Minister of Human Resource Development, Mr Ramesh Pokhriyal ‘Nishank' virtually launched
World’s first ever online Bachelor of Science (B.Sc.) degree in Programming and Data Science, prepared and
offered by the Indian Institute of Technology Madras (IIT-Madras).

 Enrolment rate across the senior classes is quite low, while the girls dropout rate have witnessed increase in
Key challenges comparison to that of boys at primary and secondary levels.

Source: Ministry of Human Resource Development, KPMG, UGC

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 NOTABLE TRENDS IN THE HIGHER EDUCATION
SEGMENT

 With more and more students opting for industry focused qualifications, the demand for specialised degrees
Specialised degrees is picking up.
gaining popularity
 A lot of universities are offering MBA/ Technical degrees with focus on specific sectors.

Multi campus model  Many private institutions are adopting multi city campus model to scale up their operations and expand
gaining popularity across the untapped market in tier II and tier III cities.

 Higher education institutes in India are focussing on creating online programmes due to the increasing
Shift towards online demand from consumers.
learning  In India, online education market is forecast to reach ~US$ 1.96 billion by 2021.

 The government of India is focussing on developing the quality of higher education and increasing the student
Increase in student enrolments.
enrolment  Between 2017 and 2019, there were ~724 students per institution. By 2030, every institute is projected to
have ~1,400 students.

Note: Information as per latest available data

Source: KPMG, UGC, News sources

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 NOTABLE TRENDS IN THE VOCATIONAL TRAINING
SEGMENT
 PE firms have become bullish on the fast-growing education sector including vocational and supplementary
training.
Increasing interest from  Xseed Education Pte Ltd, a Singapore-based education company, acquired Report Bee, an education
PE/ VC firms technology firm for an undisclosed amount.
 In 2019, Unacademy, an educational technology company based in Bangalore, received PE investment of
US$ 50 million.

 With rising internet penetration in India, vocational training companies are selecting the online channel to
offer courses and increase their national reach.
Online channel gaining
 In June 2020, NCERT and Rotary India Humanity Foundation digitally signed a memorandum of
momentum understanding (MoU) for e-learning content telecast for class 1-12 over NCERT TV channels to make e-
learning more constructive.
 In a recent trend, vocational training companies have entered into agreements with corporate houses to train
their existing employees with the required skill sets.

 In September 2020, LinkedIn and National Skill Development Corporation (NSDC) partnered to provide free
Corporate partnerships access to LinkedIn Learning resources to upskill young professionals in the country and create a future-ready
digital workforce.

 In February 2020, Infosys Foundation announced its support to the education department in establishing
smart classes in 1,000 Government higher primary schools in Karnataka.

 In India, the edtech market is expected to reach ~US$ 3.5 billion by 2022; received investments worth ~US$
1.1 billion in 2020.

Investment in online  Between January 2020 and August 2020, venture capital investors invested ~US$ 1.19 billion across 36
deals, against the ~US$ 409 million across 43 deals between January 2019 and August 2019.
learning
 From January 2020 to September 2020, BYJU’s was at the top in the edtech sector, with a raised capital of
~US$ 1.12 billion in four branches from investors including Silver Lake, Tiger Global, General Atlantic, Owl
Ventures and DST Global.

Source: KPMG, Ministry of HRD, KAIZEN, News Sources, RedSeer and Omidyar Network India Report

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 STRATEGIES ADOPTED

Providing online and

Offering Scholarships Joint Ventures
supplemental solutions

 As the Indian education  In October 2019, the Ministry of Skill  Domestic service providers have
industry opens to new Development and Entrepreneurship (MSDE) formed JV with foreign players. For
innovative ways of learning, signed an agreement with Indian Institute of example, Educomp has formed JV
Educomp has decided to Management (IIM) Bangalore to introduce a two- with Raffles to form Raffles Millennium
explore it by offering various year fellowship programme, Mahatma Gandhi International Colleges to offer courses
online and supplemental National Fellowship (MGNF) programme. in fashion design, fashion marketing,
solutions to help institutions interior design, product design and
 In January 2019, HP Inc. India came up with
leverage the most of graphic design, jewellery design.
‘’HP Udaan Scholarship’ to support more than
technology.
1300 students belonging to low income families.  Indian institutions are open to strategic
 Dish TV has added 32 To promote education, about 50 per cent is alliances with Australian institutions as
educational channels of secured for girls. Australia is one of the preferred
Ministry of Human Resource destinations for Indian students
 The Government of Manipur introduced
Development on its platform. seeking quality education.
scholarship worth Rs 1 crore (US$ 138,600.14)
 Plastic Water Labs is building for civil services aspirants.  Medvarsity partnered with
virtual reality platform to help Lecturio.com to provide enhanced
students understand science technology-based healthcare learning
and mathematics better. for medical students. The aim has
been to provide better learning
 WhizJuniors launched
opportunities.
WhizGoogler for students,
which will navigate them on
internet for various
technologies.

Source: Company Websites, News Sources

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 Education and Training

GROWTH DRIVERS
AND OPPORTUNITIES
 GROWTH DRIVERS

Increasing disposable income and willingness of people to spend on education is a key driver for the Indian education industry

Education in India

Formal education Informal education

Higher education K-12 Coaching institutes Pre-schools Vocational education

 Increasing  K–12 edtech  Higher competition  Franchisee models  Increasing demand

awareness in India market is for professional and increasing for skilled labour.
is driving private estimated to grow courses. awareness in tier II  Low employability
college from ~US$ 265 and tier III cities is levels.
 Private coaching
enrolments. million in 2019 to set to drive the
sector stood at Rs  Increasing number
~US$ 1.7 billion by sector.
51,712 crore (US$ of Industrial
due to increased
7.5 billion) in 2018.  Pre-school market Training Institutes
internet penetration
in India is expected (ITI) - as of
and rise in usage
to grow at 23 per January 2020,
of regional
cent CAGR during there were 14,602
language apps.
2017-22. ITIs in the country.

Source: Netscribes and CLSA KPMG

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 OPPORTUNITIES

Investment in education Immense growth potential Policy support

 100 per cent FDI (automatic route) is allowed in  India has the world’s largest  The Department of School Education and Literacy
the Indian education sector. population of about 500 million launched Samagra Shiksha programme with effect
from 2018-19 for schools from pre-school to class
people in the age bracket of 5-
 An estimated investment of US$ 200 billion is 12th, providing quality education at all levels.
24 years and this provides a
required to achieve the government’s target of  The World Bank aided SANKALP and STRIVE
great opportunity for the
30 per cent GER from the education sector by schemes were approved in October 2017 to boost
education sector.
2020. Skill India Mission. Skill India program has benefitted
 The Indian education sector is more than one crore (10 million) youth annually.
 There is a large opportunity for financial
set for strong growth, buoyed  Education sector in India remains to be a strategic
institutions in the sector. Outstanding education
by a strong demand for quality priority of the Government. Skill India Mission 2015
loans in the country reached Rs 75,450.68 aimed at skilling around 400 million youths in the
education.
crore (US$ 10.80 billion) in September 2019. country by 2022.
 The education industry in India
 In February 2019, the President of India  In October 2019, NCERT added in its curriculum that
is estimated to reach US$ 144 teaching at pre-schools will be in mother tongue and
announced that the Government will be setting
billion by 2020 from US$ 97.8 with no homework.
up seven IITs, seven IIMs, one NIT, four NIDs,
billion in 2016.
14 IIITs and 5,000 Atal Tinkering Labs to  In May 2020, Government launched PM eVIDYA, a
improve the standard of education.  As per Union Budget 2020-21, programme for multi-mode access to digital/online
education. Other initiatives to be launched include
the Government proposed Ind-
 Under Union Budget 2020-21, the Government Manodarpan, New National Curriculum and
SAT under scheme ‘Study in Pedagogical framework, National Foundational
proposed apprenticeship embedded
India’ to be held in Asian and Literacy and Numeracy Mission.
degree/diploma courses by March 2021 in
African countries.
about 150 higher educational institutions.  On July 29, 2020, National Education Policy 2020
was approved by the Cabinet.

Source: Technopak, India Ratings and Research, PricewaterhouseCoopers, Deloitte, PTI, Government of India, News Sources

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 OPPORTUNITIES

Public Private Partnership (PPP) Opportunities for foreign investors Opportunities for innovative services

 Setting up formal educational institutes  There are more opportunities for private  With tutoring in schools expected to grow
under PPP and enlarging the existing ones. and foreign companies that are involved in from US$ 8 billion in 2011 to US$ 26 billion
academic through financial partnership with in 2020, there lies a huge market for
 In the case of PPP, the Government is
Indian institutions. coaching and tutoring services that can be
considering different models like basic
imparted through innovative means, mainly
infrastructure model, outsourcing model,  Future opportunity of setting up campuses
the internet.
equity/hybrid model and reverse of foreign universities in India.
outsourcing model.  RISE INDIA aims at training 100,000
 The Michael and Susan Dell Foundation
drivers over a period of 3 years and impart
 Institutions of national importance like NIDs announced an investment of US$ 100,074
training to 2.5 lakh drivers in the next 7
will be able to establish PPP and in Shiksha Financial Services India Pvt Ltd
years.
collaborate with research labs across the and provided loans to private schools.
country.  Reliance Industries Ltd (RIL) will be
 A US$ 10 million Development Impact
investing Rs 1,500 crore (US$ 210 million)
Bond has been started by the British Asian
in two years in its allocated university, Jio
Trust to provide education to marginalised
Institute.
children in India.
 Central Board of Secondary Education
 On August 04, 2020, DST Global, the
(CBSE) introduced artificial intelligence as
investment firm headed by billionaire Mr
a subject in class ninth from the 2019-20
Yuri Milner, announced its plan to invest
session.
around US$ 400 million in Byju’s, the Indian
online education start-up.

Notes: PPP - Public Private Partnership

Source: Technopak, India Ratings and Research, UGC Report on “Inclusive and Qualitative expansion of Higher Education”, PricewaterhouseCoopers , Deloitte, Livemint

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 Education and Training

KEY POLICIES AND

INITIATIVES
 KEY POLICIES AND INITIATIVES…(1/2)

Union Budget  The Government allocated an expenditure budget of Rs 39,467 crore (US$ 5.65 billion) for higher education and
Rs 59,845 crore (US$ 8.56 billion) for school education and literacy. Government also allocated Rs 3,000 crore
2020-21 (US$ 429.25 million) under Revitalising Infrastructure and Systems in higher education (RISE) scheme.

 On July 29, 2020, Union Cabinet approved the National Education Policy (NEP) 2020, with an aim to transform
National Education India into an energetic knowledge society and global knowledge superpower by making school and college
Policy (NEP), 2020 education more holistic, flexible, multidisciplinary, suited to 21st century needs and aimed at bringing out the
unique capabilities of each student.

NEP 2020  Gujarat aims to become the first state to implement NEP 2020 with a task force to create a road map for
Implementation implementing the new policy and adding changes from primary to secondary and higher education.

 In September 2020, the Union Cabinet approved the establishment of a new All India Institute of Medical Sciences
Establishment of new (AIIMS) at Darbhanga, Bihar, under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).
AIIMS in Bihar  The establishment of new AIIMS will serve the dual purpose of providing super specialty healthcare to citizens and
creating a large pool of doctors and other health workers in the state.
 To ensure that skilling fulfils the aspiration of the people at local level including Panchayat level, the Ministry of
Skill Development and Entrepreneurship is laying foundation to empower the District.
 To strengthen resource support at the District-level, the Ministry introduced the Mahatma Gandhi National
Fellowship (MGNF), where fellows will be posted in the districts for two years will work with the district
Partnerships with administration to create specific ‘State Skill Development Plans’.
Source: PricewaterhouseCoopers, Union Budget 2018-19 - Government of India, News sources
International Agencies  Ministry of Education is implementing the ‘Scheme of Vocationalisation of School Education’ under the umbrella of
‘SamagraShiksha–an integrated scheme for school education’.
 The National Skill Development Corporation, under the Ministry, signed MoUs with eight countries—Japan, UAE,
Sweden, Saudi Arabia, Sweden, Russia, Finland and Morocco for cooperation in the field of vocational education
and training.
Notes: NEP – National Education Policy, Government of India, News sources

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 KEY POLICIES AND INITIATIVES…(2/2)

Revolutionary
 National Commission for Indian System of Medicine and the National Commission for Homoeopathy is planning to
revamp in Medical revamp the medical education of Indian system of medicine and homoeopathy.
education
 The scheme was approved in February 2017 with the aim to provide digital literacy to 60 million rural households in
Pradhan Mantri the country by March 2020.
Gramin Digital  As per Union Budget 2020-21, Rs 400 crore (US$ 57.23 million) has been allocated for the scheme for the current
Saksharta Abhiyan fiscal year.
 As on February 2020, 254,897 training centers were registered in India and around 2 crore candidates have
(PMGDISHA)
completed training.

BharatNet  In the Budget 2020, the government allocated Rs 6000 crore (US$ 812.7 million) to BharatNet programme to boost
programme digital connectivity across India

 To ensure equal access to online/digital education, the government of India has taken the following initiatives:

Quality education • Under the flagship Initiative, SWAYAM-Prabha, Ministry of Education is providing 34 educational TV channels,
covering educational contents for schools and higher educational institutions.
for vulnerable
• Extensive use of radio, community radio and CBSE Podcast – ShikshaVani.
groups • Special e-content for visually and hearing impaired was developed on Digitally Accessible Information System
(DAISY) and in sign language on NIOS website/ YouTube.

 To engage students at home amid the coronavirus pandemic through educational activities, an alternative academic
calendar for students, parents and teachers for all Classes I–XII has been developed by the NCERT under the
guidance of the Ministry of Education.
Alternative
 Alternative Academic Calendar (AAC) for four weeks and the next eight weeks for primary and upper primary stages
Academic Calendar had been released.
(AAC)  The AAC Calendar provides guidelines to teachers on the use of various technological tools and social media tools
available for imparting education in fun-filled and interesting ways. However, it has taken into account, the varying
levels of access to such tools — mobiles, radio, television, and various other social media platforms.
Source: Government of India, News Sources
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 RISING INVESTMENTS

 Private investments in the Indian education sector have increased manifold

over the past two decades. Merger
Year-wise
& Acquisition
growth of(M&A)
students
in Indian
enrolment
Education
(million)
Sector

 Under Union Budget 2020-21, for education sector, the Government

allocated Rs 99,300 crore (US$ 14.21 billion). 450

 Baring Private Equity Asia (BPEA) has consented to acquire 30 per cent
400
stake in software services company, NIIT Technologies Ltd, for about Rs
2,627 crore (US$ 381 million). 383
350
 In February 2020, a capital base of Rs 80 crore (US$ 11.45 million) was
approved by Higher Education Funding Agency (HEFA) for National Institute 300
of Technology, Karnataka (NITK).
250 273
 Exams preparation start-up, WiFiStudy, was acquired by Unacademy in a
stock and cash deal. 200

 In February 2020, Indian Institute of Technology, Delhi signed a

150
memorandum of understanding (MoU) with New Zealand universities to
establish a New Zealand Centre at the institute with an investment of US$
100
50,000 each from both parties.

 On July 07, 2020, Unacademy, Facebook-backed online learning platform, 50 14 13

acquired ed-tech start-up PrepLadder for US$ 50 million.
0
 Venture capital in ed-tech space increased to US$ 795 million in the first six 2018 2019
months of 2020 from US$ 108 million in the corresponding period last year.
Deals Value (US$ million)
 On August 06, 2020, BYJU’s acquired Mumbai-based education technology
(ed-tech) start-up WhiteHat Jr in an all-cash deal worth US$ 300 million.

Source: HRD Ministry, EY

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 Education and Training

NEW DEVELOPMENTS
 SEPTEMBER 2020 NEW DEVELOPMENTS IN THE
EDUCATION AND TRAINING INDUSTRY (1/2)

 In September 2020, Unacademy raised ~US$ 150 million in a new financing round to reach ~US$ 1.45 billion
New Valuation
in valuation. The financing round was led by SoftBank Group—through its Vision Fund 2.

 On September 4, 2020, Avanse Financial Services, launched an educational loan for children who plan to
Product Launch
pursue their higher education, take up teacher training courses and teachers who aim for up-skilling courses.

 In September 2020, to help the administration implement policies for human resource development, Jammu
Research and Training
and Kashmir Lt Governor inaugurated the State Council of Education, Research and Training (SCERT) on
Initiative the lines of NCERT.

 In September 2020, EduAuraa, an online application education platform, was launched with an aim to
Online Education App democratise online education in India. Through a strategic partnership with OTT platforms such as ZEE5, a
yearly ZEE5 premium subscription of Rs. 999 (US$ 13.62) will grant a free subscription to Eduauraa services.
Launch
 To empower >310 million students in India, Eduauraa introduced Ranveer Singh as its brand ambassador.

 In September 2020, Asian Hockey Federation (AHF) announced plans to organise another set of online
Online Workshop
workshops for Hockey India coaches to provide technical expertise to the participants.

Source: HRD Ministry, EY

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 SEPTEMBER 2020 NEW DEVELOPMENTS IN THE
EDUCATION AND TRAINING INDUSTRY (2/2)

 In September, NASSCOM FutureSkills and Microsoft collaborated to promote skilling as a national priority
and launched AI skilling initiatives in India. This programme aims to skill 1 million students in AI by 2021.
 On September 2, 2020, Indian Institute of Technology (IIT) Delhi established an independent ‘School of
AI Skill development
Artificial Intelligence (ScAI)’ on its campus to offer postgraduate and PhD courses. This new school aims to
become the one-stop centre for industry participants or the government for AI
innovations/funding/collaborations.

AI-based learning  In September 2020, GoLearn, India's first AI-powered English Language Teaching and Learning (ELTL)
platform platform, was launched to meet the growing demand for English teachers.

 In September 2020, Union Education Minister awarded AICTE - Visvesvaraya Best Teachers Award 2020 to
12 faculty members of AICTE approved institutes
AICTE - Visvesvaraya
Best Teachers Award  Union Minister of Education, Shri Ramesh Pokhriyal ‘Nishank’ said that the aim was to recognise the
meritorious faculties on the Engineer's Day at a National-level, encourage them to update themselves to the
2020
ever changing needs of higher education at a global-level and thereby, become an effective contributor
towards the society.

 In September 2020, UGC issued new guidelines for distance learning courses. As per norms, no university
UGC issues new
whether central, state, private or deemed to be university, can offer its programmes by franchising
guidelines for distance
agreements with private coaching institutions to admit learners and conduct courses through open and
learning courses distance learning and online mode.

Source: HRD Ministry, EY

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 Education and Training

KEY INDUSTRY
ORGANISATIONS
 INDUSTRY ORGANISATIONS

University Grants Commission (UGC) All India Council of Technical Education (AICTE)

Bahadur Shah Zafar Marg, New Delhi 7th Floor, Chanderlok Building
Pin:110 002 Janpath, New Delhi-110 001
EPABX Nos. 23232701/ 23236735/ 23239437/ 23235733/ 23237721/ AICTE EPABX Numbers: 91-11-23724151 to 91-11-23724157
23232317/ 23234116/ 23236351/ 23230813/ 23232485 AICTE Fax Number: 91-11-23724183
Fax. Nos. 23231797/ 23239659 Website: www.aicte-india.org
Website: www.ugc.ac.in

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 Education and Training

USEFUL
INFORMATION
 GLOSSARY

 CAGR: Compound Annual Growth Rate

 FDI: Foreign Direct Investment

 FY: Indian Financial Year (April to March)

 GER: Gross enrolment Ratio

 GOI: Government of India

 HRD: Human Resource Development

 AICTE: All India Council of Technical Education

 Rs: Indian Rupee

 RTE: Right of Children to Free and Compulsory

 RMSA: Rashtriya Madhyamik Shiksha Abhiyan

 UGC: University Grants Commission

 US$ : US Dollar

 Wherever applicable, numbers have been rounded off to the nearest whole number

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 EXCHANGE RATES

Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)

Year Rs Rs Equivalent of one US$ Year Rs Equivalent of one US$

2004–05 44.95 2005 44.11

2005–06 44.28 2006 45.33
2006–07 45.29 2007 41.29
2007–08 40.24 2008 43.42
2008–09 45.91
2009 48.35
2009–10 47.42
2010 45.74
2010–11 45.58
2011 46.67
2011–12 47.95
2012 53.49
2012–13 54.45
2013 58.63
2013–14 60.50
2014 61.03
2014-15 61.15
2015 64.15
2015-16 65.46
2016-17 67.09 2016 67.21

2017-18 64.45 2017 65.12

2018-19 69.89 2018 68.36

2019-20 70.49 2019 69.89

Source: Reserve Bank of India, Average for the year

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