Indu Bhusan Nath's Blog

The higher education industry in India is large and is growing significantly. The industry is poised for a substantial change in the future. The higher education industry in the country is the third-largest in the world, behind China and the USA, in terms of the number of students. According to the available data, the number of students enrolled in higher education in India is more than 35 million. Typically, higher education refers to the education after 10+2, in colleges, universities, professional institutions, and research institutions. There are 903 universities, 39,050 colleges, and  10,011 standalone institutions in India, according to the data published by the Ministry of Human Resource Development of the Government of India.  In India, around 144 million people are within the higher education receiving age of 18-23 years, and approximately 32% of the 1.1 billion population in the country is under the age of 14 years; who will seek higher education in the coming year...

Despite economic reforms in the Indian economy from time to time, one problem has stayed intact, untouched by the reforms, and that is—the trade deficit, which is the excess of imports over exports. If the recent economic initiatives are brought to the focus, it shows tremendous emphasis by the Government of India to invigorate the production landscape of the country. Measures involving Goods and Services Tax (GST) implementation, infusing capital to public sector banks, services sector incentives, efforts to ease doing business, and impetus to domestic production, say a lot about the government’s intent to tame the trade deficit by boosting exports and reducing imports. However, there has been no correction in the trade deficit scenario in India. An analysis shows that the  trade deficit in India  has grown at a CAGR of 3.5 percent from FY10 to FY20, which underscores the need to actuated impactful measures to reverse the trend to benefit the country.       ...