...EDUCATION BUSINESS- THE BACKBONE OF DEVELOPMENT India’s education sector currently offers an estimated US$40 billion market, with a potential 16% five-year CAGR (compound Annual growth rate). Education has long been receiving the major wallet share of the Indian middle class. The Indian middle class is expected to expand significantly, from 300 million people today to 583 million people in 2025. As Indians continue to climb the economic ladder, the composition of their spending will change significantly. Spending on education is expected to grow by 11% over the next 20 years. Also, an increase in GPRS use and the introduction of 3G technology in India should also give a boost to concepts such as e-learning in the country. The Indian education market has witnessed a series of developments and changes in the last few years, which resulted in a significant increase in market size of the education industry compared to previous years. The present Indian education industry is in its development stage. With increasing per capita income, national economic growth and enhanced technology it has become necessary to develop the structure of the Indian education sector. Private players have taken several initiatives for development of education infrastructure and quality. The emergence of new segments like e-learning and V-SAT training is slowly shifting the education market towards new heights. Education today is perceived as an Investment in both Urban and rural areas, people slog...
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...Development in India The world’s second largest populated country, India, is the apple of the eye for the world now. The world economies are seeing it as their potential market. This has been going on since quite some time now, ever since 1991 reforms of liberalization, globalization and privatization. Indian markets in urban areas have grown appreciably and are on the verge of saturation, so corporates have started tapping rural markets, since more than 60 per cent of India’s population lives in rural areas. During this global meltdown and fall of exports, if the Fast Moving Consumer Goods (FMCG) sector has been able to show rising quarterly growths, it is because of the Rural Markets and their rising spending power, which have not been affected by this meltdown. If we look at the strategies followed by Rural Marketers in the FMCG sector, it is to sell many small sachets of Rs. 2 shampoo pouches, Rs. 5 Maggi packs and the Rs. 5 chota Pepsi, because here, the strength lies in volume sale, considering the large consumer base in these rural markets which won’t spend altogether at once on buying large family packs of 500ml shampoo or super saver packs of Maggi or a Pepsi pet bottle of 2 litres. Therefore, consumption trends followed by the rural Indian are considered to be the driver of future growth of companies. And this trend of tapping rural markets is visible across all sectors now, be it FMCG, IT, Banking, education etc. For example, today, India is in better state...
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...The late Nelson Mandela once said, “No country can really develop unless its citizens are educated.” Education plays an important part in the building of a nation. The Indian government realises its significance and hence has taken several initiatives and reforms over the years to impart education and instil the values of secularism, equality, respect for democracy and self-belief among its youth. According to the rankings released by Quacquarelli Symonds (QS), 17 Indian universities have made it to the list of top 300 universities in the Asian continent. Also, the topmost Indian management institute, Indian Institute of Management, Ahmedabad (IIM-A) has been globally ranked the fourth-best overall among 20 leading B-schools, according to the Economist. The education sector in India is at a vital stage of its growth. The vast diversity in ethnicities coupled with varying demographics has prompted different players to invest in the sector. Meanwhile, the upward surge in the Indian economy and consequent increase in income levels has aided the spending on education in the average Indian household. Market Size It is expected that the Indian education sector’s market size will increase to Rs 602,410 crore (US$ 100.23 billion) by FY 15 from Rs 341,180 crore (US$ 56.77 billion) in FY 12, due to the expected strong demand for quality education. The present Indian higher education system comprises of about 700 universities and over 35,500 colleges. More than 85 per cent of these students...
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...paper is “Market In The Higher Education In India” . The main objective of this term paper is to critically evaluate the presence of private sector in market of higher education in India. The structure of paper starts with first , explanation of higher education as public or private good debate . various authors views are used while discussing the nature of product the higher education . Second, the importance and increasing presence of private sector in higher education is explained. Third, the form of market structure in higher education from the perspective of the student, as well as the perspective of the providers of higher education Traditionally , higher education is regarded as a public good, benefiting not only the individuals but also the whole society by producing a wide variety of externalities or social benefits. In recent times, however, the chronic shortage of public funds for higher education, the widespread introduction of neo-liberal economic policies and globalization in every country and in every sector, and the growing presence and importance of the international law on trade in services by the World Trade Organization and the General Agreement on Trade and Services—has led to change in view of many that higher education is a public good, and introduce the concept of market by the sale and purchase of higher education, as if it is a normal commodity meant for trade. The very shift in perception on the nature of higher education from a public good...
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...many factors may combine in complex ways to create sometime surprising futures (due to non-linear feedback loops). The method also allows the inclusion of factors that are difficult to formalize, such as novel insights about the future, deep shifts in values, unprecedented regulations or inventions. Systems thinking used in conjunction with scenario planning leads to plausible scenario story lines because the causal relationship between factors can be demonstrated. In these cases when scenario planning is integrated with a systems thinking approach to scenario development, it is sometimes referred to as structural dynamics. Telecom Infrastructure Telecom services had traditionally been provided by the Public Sector. Penetration of telecom has been slow in India as compared to China which has...
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...public and private institutions, well-developed infrastructure, stable macroeconomic environment and healthy workforce that has received at least a basic education. First of all, India’s growth rate is currently struggling. Many populations in India still live in extreme poverty, such a low standard of living will result in low purchasing power, which is a negative element that prohibits economic development. High inflation, deficient institutions and closeness in India are all the issues for the deterioration in India's competitiveness. Secondly, immature infrastructure, especially transportation and electricity, hinders for the economic development in India. Thirdly, India has the lowest increasing rate of PPP in recent years among BRICs. India’s fiscal situation remains in trouble, and with the exception of 2007, India government has consistently run deficits since 2000. Moreover, the decline in business sophistication, financial market development, and goods market efficiency, stifling business regulation, weak foreign investment and a widening trade deficit lead to a weak business environment in India. Fourthly, low income workforce suffers from issues in education and healthcare, because low productivity of agruculture in India represents 18% output but nearly half employees. People still lack higher education and training, consequently, short of talents with high skills restricts the development and innovation of the country. 2. How does this deterioration affect...
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...distort Facilities Management Services Market – Facilities Management Services Market India March 2012 Executive Summary Introduction Facility Management services imply the use of a third‐party service provider to maintain part of the building facility or outsourcing the management to an organization that executes this service professionally It includes hard services and soft services and has application in retail and shopping malls, hotels, hospitals, banks, corporate houses, IT and ITES companies, manufacturing firms and others Facilities management services market in India was valued at INR c bn in 20‐‐ and is slated to grow to INR a bn in 20‐‐, at a CAGR of b% It is a highly fragmented industry with few organized players and mostly unorganized small operators Consistent economic growth has led to a booming real estate sector in India, which will strongly drive the g growth of this market in the near future Market Drivers Challenges – Shortage of manpower – Large unorganized segment Drivers & Challenges g – Boom in real estate – Rise in infrastructural development – Growth in retail sector – Growth of hospitality sector – Improving healthcare scenario Evolving project management and general contracting services Development of facilities management training and education Development of facilities management training and education Investments and M&A activity in facilities management sector Major Players Trends Co pet t o Competition ...
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...India AHEAD Ten Things for India to Achieve its 2050 Potential (BRICS estimation) >India could be 40 times bigger by 2050. > India could be 40 times bigger by 2050 than its current capacity as estimated by brics. >To achieve this, India needs to implement many changes. India needs to improve its governance, control inflation, introduce Credible fiscal policy, liberalize financial markets and increase trade With its neighbors. >It also needs to significantly raise its basic educational standards, And increase the quality and quantity of its universities. >India needs to boost agricultural productivity, improve its infrastructure And environmental quality. >Delivery of all these would ensure strong, persistent, medium to long-term Growth, allowing India to reach its amazing potential. In this project, we outline ten crucial steps that we believe India must take in order to achieve its full potential. In our latest brics analysis, India scores below the Other three BRIC nations, and is currently ranked 110 out of a set of 181 Countries. If India were able to undertake the necessary reforms, it could raise its growth potential by as much as 2.8% per annum, placing it in a very strong position to deliver the impressive growth. We highlight the ten key areas where reform is needed. In a way these are the covered ones, we consider them to be the most crucial: 1. Improve governance. Without better governance, delivery systems and effective...
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... Strong growth opportunities • The IT-BPM sector in India is estimated to expand at a CAGR of 9.5 per cent to USD300 billion by 2020. The sector increased at a CAGR of 25 per cent over 2000–13, 3-4 times higher than global IT-BPM spend • Leading sourcing destination India is the world’s largest sourcing destination, accounting for approximately 52 per cent of the USD124–130 billion market. The country’s cost competitiveness in providing IT services, which is approximately 3-4 times cheaper than the US continues to be its USP in the global sourcing market Largest pool of ready to hire talent • India’s highly qualified talent pool of technical graduates is one of the largest in the world, facilitating its emergence as a preferred destination for outsourcing Most lucrative sector for investments • The sector ranks fourth in India’s total FDI share and accounts for approximately 37 per cent of total Private Equity and Venture investments in the country Source: NASSCOM; Aranca Research Note: BPM - Business Process Management, USP - Unique Selling Proposition 2013E • Growing demand Growing demand Strong growth in demand for exports from new verticals Expanding economy to propel growth in local demand • • Global footprints IT firms in India have delivery centres across the world; as of 2012, IT firms had a total of 580 centres in 75 countries India’s IT & ITes industry is well diversified across verticals such as...
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...in, or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of the copyright owner. CII has made every effort to ensure the accuracy of information presented in this document. However, neither CII nor any of its office bearers or analysts or employees can be held responsible for any financial consequences arising out of the use of information provided herein. However, in case of any discrepancy, error, etc., same may please be brought to the notice of CII for appropriate corrections. Published by Confederation of Indian Industry (CII), The Mantosh Sondhi Centre; 23, Institutional Area, Lodi Road, New Delhi-110003 (INDIA), Tel: +91-11-24629994-7, Fax: +91-11-24626149; Email: info@cii.in; Web: www.cii.in Confederation of Indian Industry The Mantosh Sondhi Centre 23, Institutional Area , Lodi Road, New Delhi – 110 003 Tel.: 011-24621874, 24629994-97 : Fax: 011-24626149 Website:www.cii.in Edited, printed and published by: Chandrajit Banerjee, Director General, CII on behalf of Confederation of Indian Industry from The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi –110 003 Tel: 91-11-24629994-7 Fax: 91-11-24626149 email: ciico@cii.in Website: www.cii.in © Confederation of Indian Industry Contents Page A. EXECUTIVE SUMMARY B. BACKGROUND C. ECONOMIC REVIVAL 5 12 1. Fiscal Consolidation................................
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...(SDITM) Israna, Panipat, Haryana Abstract - Social entrepreneurs can help get better various issues like nutrition, education and health care and many are still blighted by unemployment and illiteracy by helping those less fortunate towards a worthwhile life. Rather than leaving societal needs to the government or business sectors, they can solve the problem by changing the system. Social entrepreneurship is expected to be the next big thing to influence India as the country juggles to achieve a balance between a growing GDP growth, ensuring inclusive growth and attempting to address issues ranging from education, energy efficiency to climate change. This paper attempts an analytical, critical and synthetic examination of social entrepreneurship in India. Key words: Social venture, inclusive growth, and social problems. I. INTRODUCTION Social entrepreneurship is the recognition of a social problem and the uses of entrepreneurial principles to organize create and manage a social venture to achieve a desired social change. While a business entrepreneur typically measures performance in profit and return, a social entrepreneur also measures positive returns to society. Thus, the main aim of social entrepreneurship is to further broaden social, cultural, and environmental goals. Social entrepreneurs are commonly associated with the voluntary and not-for-profit sectors, but this need not preclude making a profit. Social entrepreneurship practiced with a world view or international...
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...“India is a Nation of Unfulfilled greatness. Its potential has lain fallow, underused. ” -Late Lee Kuan Yew, Former prime minister, Singapore Manufacturing in India is one of the most classical cases of high potential-low on performance type of industry. 68 years and beyond India still is trying to find the right foot for its manufacturing sector. Back in 1950s, India had a great platform and could have set stage for a prosperous future. But it was marred by political instability, vicious fights for power, cultural prejudice, caste discrimination, lack of entrepreneurial vision and above all sheer will to understand the cost of success. The Indian concept of ‘jugaad’ is good but is it this what is required for the success of manufacturing industry? The story till date: Not a happy start Today manufacturing in India accounts for approximately 15 % of the GDP. In 1993 the manufacturing sector was also around 15% of RESTRUCTURING INDIA’s GDP DISTRIBUTION Saurabh Kumar Singh IMT-Ghaziabad GDP. With almost negligible percentage of growth, countries like China or even Malaysia, Indonesia and Philippines have shown significant improvement in the last decade. Since independence of India, the vision of the government never included good reforms for manufacturing industries. When it was the time for the Indian SMEs to understand that export was the key to ensuring their prosperous future, India was beleaguered by emergency and license Raj. China during this time was gathering forces...
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...A PROJECT REPORT ON IMAGINING INDIA SUBMITTED TO : SUBMITTED BY: PROF. SONIA SINGH JAVED AKHTAR- 66 IMS GHAZIABAD KRISHAN KANT- 73 MRITUNJAY MISHRA- 84 NIMISH KAPOOR- 92 PAWAN SINGH- 102 PRATEEK SANADHYA- 110 RAJAN TIWARI- 118 [pic] IMS GHAZIABAD LAL QUAN, GHAZIABAD UTTAR PRADESH ACKNOWLEDGEMENT: Any accomplishment requires the effort of many people and this work is no different. We would like to acknowledge and extend our heartfelt gratitude to the following persons who have made the completion of this project possible: First of all our professor Mrs. Sonia Singh for enlightening and guarding us in such a way that has resulted in motivating us for taking this type of volatile issue for our project report and for always encouraging us for taking new tasks and challenges. We are also thankful to those people...
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...The Indian Context and Enabling Environment Mark A. Dutz and Carl Dahlman This book focuses on how to foster increased innovative activities in India to meet the twin challenges of sustained growth and pro-poor development. India is an extreme “dual” economy.1 At one extreme, it is the world’s fourth-largest economy in purchasing power parity (PPP) terms, it is a nuclear and space power, and it is increasingly becoming a top global innovation player in certain key economic sectors––such as biotechnology, pharmaceuticals, automotive components, information technology (IT), software, and IT-enabled services (ITES). At the opposite extreme, India largely remains a subsistence economy. With an average per capita income of $720 in 2005, India is still a low-income and mainly rural, agrarian economy. About a quarter of its population lives below the national poverty line, with significant spatial variance across and within states.2 Roughly 70 percent of its population is rural, and 60 percent of the workforce is engaged in agriculture. Illiteracy rates are 46 percent for women and 25 percent for men.3 Given this dual economy, it is natural to ask what can be done both to strengthen the likelihood of sustained high growth rates and to address the unmet needs of the informal sector and the poor. To sustain growth and reduce poverty, India must leverage and improve its innovation potential. Innovation can be a critical driver of increased productivity and competitiveness and, ultimately...
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...IT from India’ to 'IT for India' Bottom of Form India has come a long way as a supplier of IT services to the world. Analysts say that India has revolutionized the services sector the same way as Japan changed the manufacturing sector. But, Indian IT sector has mainly catered to a global market, and very little was done for the local market in India in the past. India presents a very large untapped market in terms of technology adoption and usage. The scope of technology development for India as a market is at a position when the world was some 15 years ago. The major advantage is that India can start implementing technology from the point where the rest of the world is right now. It can leapfrog ahead of the rest of the world with very little legacy technology to cope with. Indian Market-India should be considered not as a country but as another world in itself. People have committed the mistake of considering it as a single big unit of similar attributes and needs or in other cases, seen little value in understanding the diversity of the country. They concentrated more on the well-off English speaking crowd of the country and never seen any true value in tapping the regional segments. FMCG, Education, Entertainment almost everyone else except IT has understood the value of tapping into the regional segments. This can be mainly attributed to the fact that IT was never meant for the Indian market. While other industries aimed to cater to local demand, IT was basically present...
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