Ending Soon! Save 33% on All Access

Want To Set Foot Into Indian Education? This Expert Suggests #4 Steps Don't think there is any other country globally that has the kind of demand in education that India has.

By Aashika Jain

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

The right set of marketing, infrastructure and staff requirements are important when players in the education space are looking to enter into India says Director, Education Sector Advisory Services, EY, Suchindra Kumar.

Kumar, who is advising clients across the education value chain including K12 schools, higher education, edutech, test prep & tutoring, believes one needs to understand local brands; that's where local partners come in handy for India.

Speaking to Entrepreneur, the man who has 14 years of experience in business consulting with the Big Four for Education, outlines #4 clear steps to follow which could help players enter the lucrative Indian education market.

Regulations: Meet The Demand Mis-match

The most important point to remember is that education is a not-for-profit space in India. So there are very few states, if you look at international boards, you need 3 sets of regulations to set up a school. You need a go-ahead from the department of education, department of land records and the affiliating boards says Kumar.

There are very few states who have allowed for-profit education. If there are international schools, they can be for-profit. However, it's not necessary these are the states that have the demand. Hence, the demand mismatch is something that needs to be kept in mind with respect to regulations.

Market: Identify High-growth States

In the school space, Andhra Pradesh is doing a lot. The government is giving international players a lot of sops. Maharashtra, Karnataka and Haryana always have a lot of demand, they have got a lot of potential in terms of growing the market. The demand for international education is immense in these states. Haryana has a great advantage because of Delhi being close. Delhi has a fairly bad tax regime and bad education regulations, so Haryana offers them some sort of respite.

In the current scope, Andhra Pradesh is opening all possible doors to investments in the school education space.

Quality: Proper Accreditation

One of the things we need to look at the regulatory space not purely from a private sector participation point of view is that India poor things regulated and badly accredited. Whereas the ideal situation should be that regulation should be open for everyone to come and set up as long as they are accredited properly. So you need to have quality standards which are not input-driven only, that's the case in India right now.

If you need to set up an institute in India, there is an entire set of physical infrastructure, staff and other things you look at but you don't really care about the output.

Focus: Doubling Output

The message for private players is simple – India is a great market for quality market if you were to focus on output and take inputs for what they are, they could do wonders. I don't think there is any other country globally that has this kind of demand.

We have close to 13 million people in the higher education space today. If you look at the age group of 18-25, we only have 23 percent gross enrolment ratio. In the next 10 year, if we aim at a conservative figure of 35 percent gross enrolment ratio, India still needs to double up the existing capacity so we are looking at least 30 million seats in the higher education space.

Aashika Jain

Entrepreneur Staff

Former Associate Editor, Entrepreneur India

Journalist in the making since 2006! My fastest fingers have worked for India's business news channel CNBC-TV18, global news wire Thomson Reuters, the digital arm of India’s biggest newspaper The Economic Times and Entrepreneur India as the Digital Head. 
Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

News and Trends

GenAI Could Help Indians Save 51 million Hours a Week On Routine Tasks: Report

By 2026, GenAI will be saving a big number of 4,387,000 hours per week on the time spent on promoting products, services, or programs

Business News

Here Are the Books on Bill Gates' Summer Reading List

The four books recommended by the Microsoft founder all "touch on the idea of service."

News and Trends

Soleos Solar Energy Secures INR 48.5 Cr Funding

This funding infusion will help the company in generating its working capital, global renewable energy portfolio development and establishing manufacturing facilities across the globe.

News and Trends

Miss World Manushi Chhillar Turns Entrepreneur With Swimwear Line 'Dweep'

'Dweep' aims to redefine the swimwear industry by catering to a diverse range of body types, skin tones, and personal styles