By Rob Starr, Content Manager, Big4.com
In a report released by Deloitte Touche Tohmatsu India Private Limited titled, ‘Indian Higher Education Sector: Opportunities aplenty, growth unlimited!’ success in leveraging knowledge and innovation that could contribute to hi-tech manufacturing and high value-added services is only possible with a sound infrastructure of higher education is highlighted.
The report highlights the attractiveness of the higher education sector and the excellent opportunities it provides for Indian private and foreign investment even within the existing framework. According to a Deloitte spokesperson, “The foreign education bill and other regulatory reforms when approved will be an icing on the cake. The investors need to wary about a unique set of challenges which present themselves while investing in this sector however they can be countered by innovative solutions”.
India has the third largest higher education system in the world in terms of enrolments, after China and the US. The number of students enrolled in the universities and colleges (formal system) has been reported to be 16 mn in academic year 2010-11. This does not include enrolment in higher education offered through Open and Distant Learning. India is acknowledged to have the largest higher education systems in the world in terms of number of institutes.