14th FICCI Higher Education Summit 2018

With over 720 Universities, 45 000 colleges and 31 million students (2013), the Indian Higher Education boasts of having the largest Higher Education system in the world in terms of the number of institutions and of being second-largest in terms of enrollment. Public expenditure on Higher Education is only 1.25% of GDP as compared to 3.1% of USA and 2.6% of Canada. Expenditure on higher education is likely to go up from USD 10.3 bn to USD 30 bn India is expected to be the fastest growing economy by touching a GDP of USD 10 trillion by 2030 and one of the youngest nations in the world with a median age of 27.6 years. Projections show that our country would require a gross incremental workforce of 250 million by 2030 The greying developed world is expected to face a skilled talent shortage of approximately 56 million by 2030 and India alone would provide 47 million skilled talent Given its large workforce and projected labour surplus, India is well-positioned to cater to the changes in labour market requirements. India is a potential market for global players with 144 million young population in age bracket of 18-23 years By 2020, 90% of India’s GDP and 75% of employment is expected to be contributed by the services and manufacturing sectors. Government of India has set itself an aggressive target of achieving 30% gross enrolment ratio (‘GER’) in higher education by 2020, from the current GER at 22.5% (2013-14E). The private sector plays a huge role in the addressing the growing need for quality education. The share of private sector institutions and enrolments has increased to 63.9% and 58.9% in 2012 as compared to 42.6% and 32.9% in 2001.Ficci Higher Education Summit & Exhibition 2017|Higher Educaion Exhibition|Conference|Event|B2B|New Delhi India