Booming Higher Education Sector Luring Educationists Diaspora

<p>For the last couple of years, the education sector of India is successful to be one of the most potential employment drivers of the nation. The sector is poised to grow exponentially in the coming decades owing to several factors, the prime of which is the population demographic comprising of more than 550 million people below the age of 25. The strengthening purchasing power of its populace in combination with the want of high career profilehas increased the fervor of Indians towards higher education. On the other hand, the industry is being reinvigorated with raised interests from business conglomerates foraying into the sector. The government policies, with an intention to decrease the gap between the standard of education in India, and its global counterparts, have liberalized the sector opening avenues for Foreign Direct Investments and more international collaborations. Education sector in India is a booming industry with burgeoning career opportunities, the reason for some of the educationists Diaspora to relocating to their motherland.<br><br>In India, the education sector is on the verge of a massive transformation. The face of education has progressed such that conventional schooling and learning have turned contemporarywith a pro-business approach. In fact, the process has already started with private entities aggressively investing in the sector. The foray of these entities brought a competitive trend to standardized education through modern technology and innovative pedagogy, ultimately benefitting the students. The sector, in contrast to what it was decades back, is on the way to grow as an industry or commercial segment. Presently, 25% of educational setups in the country comprises of private players. This transformation has substantiated an array of career opportunities in the segment apart from teaching or related to teaching.These new range of career includes marketing and management such as financial management, teacher life cycle management as well as fields like curriculum development. The industry is through a massive requirement of human resources in these domains besides core educators.<br><br>An IBEF, Indian Brand Equity Foundation, report suggests that there are more than 1.4 million schools and more than 35,000 higher educational institutes in the country. Furthermore, the online educational market has carved out a separate niche within the sector. In fact, India attracting educationists from abroad is quite conventional against the backdrop of the country being the proprietorof one of the largest higher educational system in the world. Distance education lately, is through a huge impetus with the online market, which is poised to grow into a market of 40 billion by 2017. Additionally, vocational education and training is emerging as a lucrative sector for educators.<br><br>The higher education segment is booming in the nation. Reports have suggested that educators with experience more than 7 to 12 years are gaining better traction. Most of the educationists relocating to India are in to higher education segment. Private sectors, again, in this field has been instrumental in substantiating this "Brain Gain". Indian educators residing abroad are attracted by similar opportunities and earning options in the country. Most of the private universities and institutes offer much better salary as per Indian standards that become comparable to their pay grads at foreign institutes. Hence, returning to their homeland has been much rewarding, reinforced by higher earnings. On the other hand, the prospects of venturing their own enterprises have been another lucrative aspect. As new educational setups in the nation is now the need of the hour. Experienced individuals earning good amounts can venture their own institutes, turning educationist cum entrepreneurs.<br><br>One's own country is always soughed after by mostIndian immigrants. Indians travel abroad in search of good opportunities and life style, which they could not afford living in India. However, the changed economic dynamics have enabled the country to attract these people who settled abroad in search of better career options. Now, when those opportunities are being gradually actualized in their own country, they have no reason to be tagged as immigrants in foreign lands despite of similar opportunities offered here. Moreover, professionals returning to the country aresynonymous to giving back to the nation.<br><br><em>The author, Kalpesh Banker, is founder and managing partner of EduShine Advisory Group</em></p>