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ET Education Leadership Summit
December 13, 2017
The Union Budget 2017-18 has pegged an outlay of Rs79, 685.95 crore for the education sector for financial year 2017-18 -a 9.9% rise YoY. Of the total outlay, almost half is for the school sector and the rest for higher education.
- With the education sector growing by at least 16%, and higher education taking up almost 50% of all the business, this is a ripe field for innovations and new business opportunities.
- The higher education segment is also set to grow by 18%, reaching Rs. 232,500 crore by 2027. But technology and multimedia segment still has only 0.6% of the market, showing massive growth potential.
- There are massive investments in FDI planned in the sector, as well as extremely encouraging opportunities for private players in technologies to meet the growing demand in education sector.
This is also driven by the need for more practical and hands on education, at all levels.