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Indian education sector market size to be $110 bn by FY15

The sector grew at a compounded annual growth rate of 16.5% during FY05-FY12

India Ratings expects the Indian education sector’s market size to increase to Rs 602,410 crore ($109.84 billion) by FY15 due to the expected strong demand for quality education. Indian education sector’s market size in FY12 is estimated to be Rs 341,180 crore. The sector grew at a compounded annual growth rate of 16.5% during FY05-FY12. The higher education (HE) segment was at 34.04% ($17.02billion) of the total size in FY10 and grew by a CAGR of 18.13% during FY04-FY10. India Ratings, a Fitch Group Company, said that it has a stable outlook on the Indian education ...