NEW DELHI : Around 38-40 per cent of Indian population, between the age group of 14 and 25, who are on the verge of entering different skill level jobs do not possess marketable skills which are an impediment in getting decent employment and improving their economic condition. To counter this challenge, they require tailored short-term courses which directly lead to employment. This need is boosting the vocational education sector and opening numerous investment opportunities to investors as well.
The major segments in vocational education and training businesses in India include the various trades related to restaurant, retail, IT training, airlines, and so on. Vocational education in India aims to develop skilled manpower through diversified courses to meet the requirements of mainly the unorganised sector. Also, the education aims to impart selfemployment skills in people through a large number of self-employment oriented courses.
Gaurav Marya, Chairman, Franchise India, “The role of vocational education in facilitating social and economic development has long been recognized by the Indian government. Vocational education improves functional and analytical skills and, in turn, opens up opportunities for persons to achieve greater access in the industry.”
There are various educational institutes participating at India Franchise Show 2013 to expand further franchisees at bigger platform. Few of them are Jaipuria, Aisect, Gras academy, Learning place and many more.
The vocational education market in India is anticipated to grow at a CAGR of around 25 per cent during 2011-2015. The current market size is of USD 4.8 billion and is forecasted to scale up to USD 7.3 billion by the end of 2015.