Whitepaper on Digital-Learning
Digital-Learning and online certifications open up a gamut of options for students looking to enter both traditional and non-traditional fields. This paper outlines a variety of different drivers and delivery models for students, opportunities and challenges for online education service providers, and emerging trends for the future, keeping in mind current skill gaps and imminent advances in the field of digital-learning.
Skilling the Indian Workforce
Skilling is one of India’s most critical needs today. While a lot has been said about this imperative in the recent years, it is still not enough. There have been discussions about India’s significant youth advantage, especially in the context of most developed nations (and China) facing the challenge of an aging workforce.
India Education Trends
The education sector is probably the most important sector for our country, and is also one of the most complex sectors with myriad segments and ever-evolving trends. In this document we have undertaken the ambitious and somewhat hazardous task of identifying the key trends across the sector’s various segments.
Massive Open Online Courses
Massive Open Online Courses have today become a buzzword and there are different views on their future and possible utility. We believe that MOOCs should be seen as a small part of a larger revolution, viz. the Internet. In this Outlook, we have taken up the arduous task of attempting to visualize possible areas where MOOCs can be leveraged, across the Indian Education landscape.
India’s Schooling Segment
India’s K-12 Schooling segment, valued at USD 40 billion currently, is the largest and perhaps also one of the most regulated segments of India’s USD 70 billion-worth Education market. This Outlook attempts to highlight some key insights relevant to the sector and elaborate on macro trends shaping the future of the sector.
India’s Higher Education Segment
The Indian Higher Education system is the largest in the world encompassing 20 million students and approximately 36,000 institutions. However, with the population of India expected to grow to over 1.5 billion by 2020, the capacity of higher education institutions needs to nearly double, to meet the targeted Gross Enrolment Ratio, or GER, of 30%, for the higher education segment. In this Outlook, we have tried to highlight some of the key trends and dynamics that are shaping Indian higher education, including the establishment of private universities.
Corporate Social Responsibility
The tradition of businesses contributing to society is a deep-rooted one in India, more so than in the western world. With the advent of modern management ideology and an increasing awareness of, and activism about, environmental and social issues, there is a renewed focus on corporate social responsibility. The new Companies Act, 2013, is a reflection of the sentiment prevailing in our country. CSR should not be an auxiliary activity that companies take up in good times; instead, it should become an integral part of their long-term strategy.
India’s Vocational Education and Training Segment
In this Outlook, we start the discussion on vocational education by focusing on the low productivity with which India’s labor force is grappling, and the systemic issues that create barriers to vocational training. We also discuss the enabling conditions which the government is trying to create for private participation. As the challenges and the opportunities are both huge, the encouragement from the government, for the creation of for-profit sustainable business models, presents an attractive opportunity for private players.
Family Businesses: Envisioning Growth along the Knowledge Curve
Family businesses usually appear to be a motley crowd, having varying sizes and seeming to be at different stages of evolution; with many ways of doing business and with shifting worldviews. While establishing rules of thumb about family businesses can be a hazardous exercise, there is a rather obvious need for education for the progression of the entire family business ecosystem along the knowledge curve. This Whitepaper is an excerpt of our research into assessing the need for learning as a way towards growth, from the perspective of the family business ecosystem.
The ancillary segment of India’s Education sector is currently estimated to be worth around USD 15 billion, and is expected to grow at a CAGR of 15% to touch USD 40 billion by 2020. The segment is largely unregulated and, typically, has asset-light business models. Further, it currently comprises mostly unorganized and local players. As a result, the key challenges faced by the segment are a lack of quality and standardization in the delivery of services. However, being the second largest segment in the Education sector, and having all the growth enablers present, makes it an ideal segment for private investment.