Global Universities Eye India's Booming Education Market

A report by Deloitte and Knight Frank indicates that foreign universities could educate 5.6 lakh students and save USD 113 billion in forex by 2040 through operations in India. The report outlines strategic opportunities and readiness in key Indian cities for these institutions.

India is poised to become a major destination for foreign universities, with a potential to serve over 5.6 lakh students and save USD 113 billion in foreign exchange by the year 2040, according to a recent report by Deloitte India and Knight Frank India.

The study, titled 'Global universities eye India opportunity', highlights the strategic opportunities and real estate demand for such institutions. It evaluates the readiness of 40 Indian cities, identifying Delhi-NCR, Bengaluru, and Mumbai as the most prepared markets for international universities.

Compelled by traditional revenue stream challenges and competitive pressures, universities worldwide are exploring India for expansion. With 53 million students enrolled domestically and the government's aim for a higher Gross Enrolment Ratio, India presents a fertile ground for globally aligned educational operations.

(With inputs from agencies.)