Development of any nation solely depends on the quality of human resources; and good human resource is produced through quality education. Education provides people with an opportunity to reflect on the social, cultural, moral, economic, and spiritual issues and contributes towards the development through propagation of specialized knowledge and skills.
India, even after 70 years of its independence, is far away from the goal of universal literacy. The fact that India’s higher education system is churning out millions of graduates who are unemployable speaks of the need to improve the quality of education in the country. However, on a positive note, India is engaged in the use of higher education as a powerful tool to build a knowledge-based information society of the 21st Century. Indian professionals are considered among the best in the world and are in great demand. This signifies the inherent strength of the Indian educational system.
Going Back to the Roots
Education in India dates back to its early civilization time where teaching and learning process revolved around the ‘Gurukul System’. It was a residential concept wherein the students were educated under the guidance of a “Guru” in different areas of religion, philosophy and science. Historians speculate that these centers had a remarkable resemblance to the European medieval universities that came up much later.
The initial education system in India gradually got obscured due to subsequent invasions and disorder in the country. In the early modern age, the Islamic influences enriched the traditional learning centers and brought in the disciplines of Geography, Administration, Law, and Arabic Mathematics to India.
A major change in the design of higher education was brought by the European rulers. The British established the formal system of higher education focused on languages, literature, history, and philosophy. These learning centers were focused on generating English-speaking working-class people for the British administrative services, army and trade. The British model of University system, inspired by the University of London, continued to expand across India, leading to a rising number of higher learning centers by 1947.
The higher education system in India grew rapidly after independence. By 1980, there were 132 universities and 4738 colleges, enrolling around five per cent of the eligible age group in higher education. The number of institutions in India is four times more than the number of institutions both in the United States and the entire Europe.
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The global Higher Education Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the higher education market include Xerox Corporation, Smart Technologies, Inc., Panasonic Corporation, EduComp Solutions, Oracle Corporation, Dell, Inc., Three River Systems, Cisco Systems Inc., IBM, Adobe Corporation, Blackboard Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Higher Education Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/higher-education-market/download-sampleMarket DynamicsDue to rapidly changing technology, business owners are looking for highly qualified skilled professionals who are holding higher education qualifications.
The other notable factors that are fuelling the global market include increased preference for higher education by the students for better career prospects and future, growing applications of advanced technologies in higher education, and increased alliances between industries and institutes.
Increasing globalization and international student mobility, and growth in government funding and initiatives are further boosting the global higher education market.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
In 2018, these students contributed around US$14.9 billion to the US economy Other countries are also feeling the impact of COVID-19.
New Zealand, where Chinese students make up 45 percent of international students, can lose more than $100 million from their own travel ban.All three of these countries have experienced severe budget cuts in the higher education sector, thusmaking universities reliant on tuition paid by foreign students.
COVID-19 travel restrictions have left them financially vulnerable and incited questions on emergency preparedness and management.
Aside from paying higher tuition, international students also contribute to the local economy through spending on food, clothing, services, and other businesses in the community.
They bring social and cultural diversity to campuses, also benefiting local students in the process.
