Education is the backbone of a progressive society. India holds a significant place in the global education industry thanks to its extensive, competent institutions for higher education. However, there is room for further growth and development in the Indian education system.
India's large population of about 500 million offers a great opportunity for the education sector. Since the time of Nalanda, India has placed great importance on education. In accordance to various articles of the Indian Constitution, children aged 6 to 14 have the fundamental right to free and compulsory education provided by the government. Between April 2000 and September 2019, FDI inflows in the sector stood at USD 2.69 billion.
The government of India aims at raising its current gross enrolment ratio to 30 per cent by the year 2020. This will also result in the growth of distance education in India.