The India higher education market size reached INR 5.3 Trillion in 2023. Looking forward, IMARC Group expects the market to reach INR 11.1 Trillion by 2032, exhibiting a growth rate (CAGR) of 8.46% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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INR 5.3 Trillion |
Market Forecast in 2032
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INR 11.1 Trillion |
Market Growth Rate 2024-2032 | 8.46% |
Higher education refers to a stage of formal learning occurring after the completion of secondary education. It consists of all training, post-secondary education, and research guidance at educational establishments that have been approved by state authorities. Higher education is delivered at various educational institutes, including universities, colleges, etc., as well as through certain college-level institutions, such as vocational and trade schools. It also includes activities on research, teaching and social services that aid in personal development, career specialization and preparation, improving self-esteem and confidence, identifying new skills, and developing critical thinking.
The improving literacy rate coupled with the growing number of student enrolments is primarily driving the India higher education market. This can be attributed to the inflating demand for employees with higher education degrees that can assist them in adapting to the rapidly changing business environment in the country. Additionally, the increasing penetration of digitalized solutions in the education sector coupled with the rising per capita expenditures of consumers are positively influencing the demand for higher education. Moreover, the emerging prominence of e-learning solutions and the introduction of massive open online courses (MOOCs) are also stimulating the regional market. Apart from this, the elevating levels of globalization along with the widespread adoption of intercultural and international dimensions by several Indian universities for improving the quality assurance of the entire education system are augmenting the demand for higher education. Furthermore, the implementation of supportive government policies, such as the National Accreditation Regulatory Authority Bill for Higher Education, Unnat Bharat Abhiyan, SWAYAM Prabha, etc., aimed at promoting higher education in India is acting as another significant growth-inducing factor. Additionally, the rising integration of various advanced technologies, including artificial intelligence (AI) and Internet of Things (IoT), with higher education systems to automate personalized adaptive learning and improve language affinity is anticipated to fuel the India higher education market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the India higher education market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, affiliation, courses offered, mode of education and gender.
Breakup by Type:
Breakup by Affiliation:
Breakup by Courses Offered:
Breakup by Mode of Education:
Breakup by Gender:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | INR Trillion |
Segment Coverage | Type, Affiliation, Courses Offered, Mode of Education, Gender, Region |
Region Covered | North India, West and Central India, South India, East India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the India higher education market to exhibit a CAGR of 8.46% during 2024-2032.
The rising penetration of digitalized solutions, along with the increasing integration of AI and IoT in higher education systems to automate personalized adaptive learning, increase language affinity learning ability, and improve learning pace, is primarily driving the India higher education market.
The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of e-learning solutions and the introduction of Massive Open Online Courses (MOOCs) for higher education classes to upgrade their knowledge and skills, during the lockdown scenario.
Based on the mode of education, the India higher education market can be bifurcated into regular, part-time, distance, and others. Currently, regular mode exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India currently dominates the India higher education market.