Entrepreneurs looking to tap pvt education space

By Isha Dalal, CNBC-TV18

India has one of the largest higher education systems in the world, with nearly 16,000 colleges and five lakh teachers. Yet, 30% of those seeking higher education are enrolling into private institutes with no government grant. It’s this big opportunity in the private education space that many entrepreneurs are now looking at tapping.

That may have been true for the rebels back in the 70’s, but in the 21^st century India has a different story to tell. The official number of illiterate people was 450 million and education was Rs 2,20,000 crore. The market is growing at over 50% annually, a market that is only getting bigger with approximately 20 million new recruits added to the workforce every year. 

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