India Higher Education Market to Grow at 8.46% During 2024-2032, Propelled by the Demographic Dividend

July 25, 2023 | Other Reports

According to the latest report by IMARC Group, titled “India Higher Education Market Report by Type (Deemed-To-Be-Universities, Central Universities, State Universities, State Private Universities, Autonomous Colleges, Institutes of National Importance, and Others), Affiliation (University/University Level Institutions, Colleges/Institutions - Affiliated/Recognized with University, Standalone Institutions - not Affiliated/Recognized with University, and Others), Courses Offered (Graduate, Post-Graduate, Diploma, Certifications, PhD, and Others), Mode of Education (Regular, Part-Time, Distance, and Others), Gender (Male, Female), and Region 2024-2032,” the India higher education market is expected to grow at a CAGR of 8.46% during 2024-2032. Higher education refers to a level of learning that follows secondary education and is typically pursued in colleges, universities, or professional institutions. It encompasses a wide range of academic and vocational disciplines, including humanities, sciences, social sciences, engineering, business, and the arts. Higher education programs typically award bachelor's, master's, and doctoral degrees, along with various certifications and diplomas. At its core, higher education aims to provide individuals with advanced knowledge, critical thinking skills, and specialized expertise in their chosen fields. It goes beyond the foundational knowledge acquired in secondary education and delves deeper into specific subjects, fostering intellectual growth and preparing individuals for professional careers. Higher education institutions offer diverse learning opportunities, including lectures, seminars, laboratory work, research projects, internships, and collaborative learning experiences. These institutions serve as vibrant intellectual and social communities, facilitating interaction and networking among students and faculty members. Higher education plays a crucial role in society by nurturing well-rounded individuals who can contribute to the advancement of knowledge, technological innovation, cultural development, and societal progress. It equips individuals with the necessary skills and competencies for professional success, promotes critical thinking and analytical abilities, and encourages lifelong learning.

India Higher Education Market Trends:

India has a large and youthful population, with a significant proportion of college-going individuals. This demographic dividend has encouraged individuals to opt for higher education as more young people aspire to pursue advanced studies and acquire specialized skills to enhance their employability. Additionally, India's expanding middle class has increased the affordability and accessibility of higher education. Rising incomes and aspirations have led to a greater willingness to invest in quality education for their children, escalating demand for higher education institutions. Other than this, the growing emphasis of the Government of India on enhancing skills and increasing job opportunities for employees has created a demand for higher education programs that align with industry needs. Students seek programs that provide practical skills, job-oriented training, and industry internships, making them more attractive to employers. Besides this, the rising start-up culture in India has fueled the demand for entrepreneurship-focused programs in higher education. Many students are now also becoming inclined toward courses that nurture their entrepreneurial skills, fostering innovation and job creation. In line with this, rapid advancements in technology have transformed the higher education landscape in India. E-learning platforms, online courses, and digital learning tools have gained popularity, enabling greater access to education, especially in remote areas. Moreover, the integration of technology in teaching and learning methods has enhanced the overall educational experience, making it more flexible.

Market Summary:

  • Based on the type, the market has been segmented into deemed-to-be-universities, central universities, state universities, state private universities, autonomous colleges, institutes of national importance, and others.
  • On the basis of the affiliation, the market has been divided into university/university level institutions, colleges/institutions-affiliated/recognized with university, standalone institutions-not affiliated/recognized with university, and others.
  • Based on the courses offered, the market has been classified into graduate, post-graduate, diploma, certifications, PhD, and others.
  • On the basis of the mode of education, the market has been categorized into regular, part-time, distance, and others.
  • Based on gender, the market has been segregated into male and female.
  • Region-wise, the market has been segmented into North India, West and Central India, South India, and East India.
  • The competitive landscape of the market has also been examined, along with the detailed profiles of the key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units INR Trillion
Segment Coverage Type, Affiliation, Courses Offered, Mode of Education, Gender, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
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India Higher Education Market to Grow at 8.46% During 2024-2032, Propelled by the Demographic Dividend
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