There are 110 Metric schools are in the market for sale in Tamil Nadu.
Of this one group of Institution near Namakkal Tamil Nadu is on sale (with Engineering college) is expecting a price of 650 Crore.
The share of government schools in the total number of schools in India appears to be declining, with the growing interest amongst corporate entities
and organisations to enter the K-12 education space (primary and secondary), given the huge target market and profit potential(on February 14, 2014)
With a median age of 25 years, India has over 550 million people below the age of 25 years. According to Census figures, over 32 per cent of the 1.1 billion population is between the age group 0–14 years. This means that the number of people in India needing primary and secondary education alone exceeds the entire population of the US. Since these students will be seeking higher education in India over the next decade, it illustrates the sheer size of the Indian education market.
The private education sector is estimated to reach US$ 115 billion by 2018, according to consulting firm Technopak. Technopak sees enrollments in Kindergarten-12th grade (K-12) growing to 351 million, requiring an additional 34 million seats by 2018.
According to a report ‘Education in India: Securing the demographic dividend’, published by Grant Thornton, the primary and secondary education, or K-12 sector is expected to reach US$ 50 billion in 2015 from US$ 24.5 billion in 2008, growing at an estimated compound annual growth rate (CAGR) of 14 per cent.
Further, according to the report ’40 million by 2020: Preparing for a new paradigm in Indian Higher Education’ released by Ernst & Young, the higher education sector in India is expected to witness a growth of 18 per cent CAGR till 2020. At present, the sector witnesses spends of more than Rs 46,200 crore (US$ 7.68 billion), which is estimated to grow over Rs 232,500 crore (US$ 38.69 billion) in 10 years.”
A report has identified that the slow rollout of government schools as compared to private schools could be due to tight government finances.
With the growing disposable income of Indian households, education from private schools appears to be the preferred medium as compared to government schools, according to a study on ‘Indian Education Industry – Expanding reach and growing awareness to fuel industry growth’ by Care Research.
Rising income levels, rapid urbanisation, coupled with increasing awareness about the importance of quality education have resulted in the robust growth of the Indian educational industry. The report states that the network of Indian education industry ranks amongst the largest in the world, with more than 1.4 million schools and 35,000 higher education institutes.
With the increasing role of private sector in setting up educational institutes, especially in the K-12 and higher education segments, the market size of the Indian education industry was estimated at ₹3,83,310 crore during FY 2013.”
How come the sudden interest in Indian Education?
The market size.
Government’ encouragement of the private sector at the cost of the Public sector(Government schools).
The changes in Educational Policy in respect of giving room to Private Sector will not be visible unless you read between the lines.
First Rajiv Gandhi, then Narasimha Rao and Manmohan Singh followed it up.
Uniform system of Education system was abolished.
Setting up of Navodaya type of Schools was encouraged.
The National Policy on Education (NPE) is a policy formulated by the Government of India to promote education amongst India’s people. The policy covers elementary education to colleges in both rural and urban India. The first NPE was promulgated in 1968 by the government of Prime Minister Indira Gandhi, and the second by Prime MinisterRajiv Gandhi in 1986. It emphasizes three aspects in relation to elementary education:
- universal access and enrolment,
- universal retention of children up to 14 years of age, and
- a substantial improvement in the quality of education to enable all children to achieve
- Revival of Sanskrit and other classical languages for contemporary use.
..Based on the report and recommendations of the Education Commission (1964–1966), the government of Prime Minister Indira Gandhi announced the first National Policy on Education in 1968, which called for a “radical restructuring” and equalise educational opportunities in order to achieve national integration and greater cultural and economic development. The policy called for fulfilling compulsory education for all children up to the age of 14, as stipulated by the Constitution of India, and the better training and qualification of teachers. The policy called for focus on learning of regional languages, outlining the “three language formula” to be implemented in secondary education – the instruction of the English language, the official language of the state where the school was based, and Hindi, the national language. Language education was seen as essential to reduce the gulf between the intelligentsia and the masses. Although the decision to adopt Hindi as the national language had proven controversial, the policy called for use and learning of Hindi to be encouraged uniformly to promote a common language for all Indians. The policy also encouraged the teaching of the ancient Sanskrit language, which was considered an essential part of India’s culture and heritage. The NPE of 1968 called for education spending to increase to six percent of the national income. As of 2013,the NPE 1968 has moved location on the national website’
What remains vague is the watering down of Compulsory education at Government schools, citing poor resources, opening up the private sector.
Then why the scramble to sell off these schools which touted as he best and are the ones that produce 100 % results and state ranks?
It is ironical that he Tamil Nadu top Ranks in Public examinations are secured by Small Government run schools.
The Government indirectly encourages private schools at the primary level by not opening sufficient number of KG sections, thus forcing the children to go to private schools where the standard of education varies(CBSE etc)
Onec children get settled there they go later to only private schools, thus forcing the Government schools languish .
Yet the schools want to sell.
These Institutions are/were stated mainly Politicians and others to convert Black Money into white and once the job is dome they want to get out.
Second they,underestimating the capacity to pay have invested very heavily on these schools.
Once reality dawns they want to sell off.
Where are you ?