Archive for February 2014
No of Colleges in India: India Education Statistics
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| No of Colleges in India: Source AICTE, UGC, Planning Commission |
administered by State Governments. The adjoining graph shows the growth of number of colleges since 1971 (Click on the graph to see the magnified image ).
No of Universities in India
The following table provides the data on number of universities in India. This is part of our series of posts on Education Statistics in India.
The data source is UGC, AICTE, NCTE, INC and Planning Commission. Of these 152 are Central Universities, 316 are State Universities, and balance 191 are Private Universities.
Number
of Universities In India
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FY71
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103
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FY81
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133
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FY91
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190
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FY01
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256
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FY07
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387
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FY12
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659
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The data source is UGC, AICTE, NCTE, INC and Planning Commission. Of these 152 are Central Universities, 316 are State Universities, and balance 191 are Private Universities.
Education Sector Expenditure - Budget 2014-15
In the interim budget announced today, government proposed to raise expenditure on Education sector by 9% (vs Revised Estimates for 2013-14) . Total Budgeted Expenditure on Education is Rs 81,441 Cr . This includes plan and non-plan expenditure. The breakup and comparison of expenditure is given below.
What is noteworthy is that for next year, the BE is only 9% higher than RE for current year, and is lagging overall proposed expenditure growth (at 11%) for the government. BE for 2013-14 was 18% higher than Actuals for 2012-13.
What is noteworthy is that for next year, the BE is only 9% higher than RE for current year, and is lagging overall proposed expenditure growth (at 11%) for the government. BE for 2013-14 was 18% higher than Actuals for 2012-13.
| MHRD | ||||
| Rs Cr | 2012-2013 | 2013-2014 | 2013-2014 | 2014-2015 |
| Plan - Expenditure | Actuals | BE | RE | BE |
| Department of School Education | 42822 | 49659 | 47159 | 51198 |
| Department of Higher Education | 12711 | 16210 | 14703 | 16200 |
| Total | 55533 | 65869 | 61862 | 67398 |
| Non-Plan Expenditure | ||||
| Department of School Education | 2810 | 3042 | 2977 | 3287 |
| Department of Higher Education | 7720 | 10552 | 9787 | 10756 |
| Total | 10530 | 13594 | 12764 | 14043 |
| Total Expenditure | ||||
| Department of School Education | 45632 | 52701 | 50136 | 54485 |
| Department of Higher Education | 20431 | 26762 | 24490 | 26956 |
| Total | 66063 | 79463 | 74626 | 81441 |
India GDP Growth Rate Picks Up, Despite Lower Estimate?
As predicted here, India's lowered its growth estimate for FY14 from 5% to 4.9% but it still turned out to be a positive news as India had lowered the growth rate estimate for FY13 to 4.5%. India had achieved 4.6% growth in H1 FY14 and as per current projection H2 growth would be around 5.2%, signalling positive growth momentum for India.
Predictably, the finance minister expressed satisfaction over the growth outlook and direction for the economy. Like corporate earnings, managing macro perceptions has also become a game, and is driven by managing expectations and delivering slightly better than what the market generally expects you to do. Not everyone buys into it of course,but it has its supporters.
To be true the growth rate expectation has been lowered than previously estimated, and would generally be seen as negative for the economy and for the stock market. However, since government had lowered the growth rate estimate for FY13 to 4.5% vs original estimate of 5% (by estimating size of economy in FY12 to be larger than previously thought), the implication is that economy is beginning to pick up momentum and signals that growth rate is beginning to turn around. Importantly, it means that there is a now a chance that it can pick up even more in the future. All you can say is "Well played Chidu!"
Unbelievable? Believe it...
Notes to Self: See Self Serving Bias
Tag :
India GDP Growth
Gray Matters Gets Funding From MSDF
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| MSDF |
The capital raised by MSDF will be used for developing products, building analytics framework, and will also be used to cater to the operational losses till the company hits break even, said Pradeep Sharma, chief executive officer of GMI.
The company which includes a couple of students from ISB in its top management, operated as a non-profit organisation earlier and decided to change its model to a for-profit company only a year ago. It aims to reach break-even by 2015-16.
The company aspires to reach more than 5,000 schools, 2 million students and 100,000 teachers in the next five years. At present it caters to about 650 schools. GMI plans to to increase the role of assessments and analytics in K12 education and help improve educational quality by making data actionable to schools.
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| Gray Matters India |
The foundation recently invested in LabourNet Services India Pvt Ltd along with social VC fund Acumen.
OMG Facebook! You beauty!
Facebook delighted its billion+ followers on its 10th anniversary, with a video link that provided a LookBack on their individual journeys on facebook. The individual curated, roughly 1 minute videos are personalized with the images that each person posted on their profiles through the years including the most liked photographs. Saw several people in my family gushing and happy at seeing their videos yesterday.
Congratulations Facebook. You've just made a personal connection with your billion plus users.
To see your own lookback video visit https://www.facebook.com/lookback/
PS: You need to have posted a threshold number of videos to get a video. Else you may only get a set of photographs.
Congratulations Facebook. You've just made a personal connection with your billion plus users.
To see your own lookback video visit https://www.facebook.com/lookback/
PS: You need to have posted a threshold number of videos to get a video. Else you may only get a set of photographs.
Enrollment in Higher Education in India: India Education Statistics
Here's a snapshot of Enrollment in Higher Education in India and target for 12th Five Year Plan - The target is to increase enrollment to about 36 million by 2016-17 (vs 26 million in 2011-12).
- This implies a CAGR of only 6.7% (vs 9.4% achieved in the 11th Plan.
- ~60% of the additional enrollment is planned from Private HE institutes.
Despite the lower growth target, this may turn out to be a stretch due to a number of factors including slowdown of the economy and regulatory uncertainty. The dichotomy is that Indian laws prohibit profit making from education, yet expect private enterprises to keep investing in education. The problem with current set-up is two fold
- Not all the money that would otherwise be invested in the sector would come in
- Of the money that does come in, a large proportion of money invested would be by people who believe that they can "manage" the system. The outsourcing model that this system compels, leaves not money to be reinvested back in the education system to improve quality of education besides being used to increase the number of seats.
Even if India were to achieve this, GER would still be ~25% meaning the other 75% have no access to Higher Education. We are not even planning to provide them an opportunity for this. Indian urgently needs to open up Higher Education.
12th Five Year Plan: Expenditure on Education in India
Plan Outlay (expenditure) for Education in the 12th - 5 year plan by Government of India
- Overall outlay increased to Rs 4,537 billion
- The outlay is up 66% over original outlay of Rs 2,733 billion made in the 11th Plan
- As per estimates by Planning Commission, public expenditure (centre + states) on Education during the Eleventh Plan was Rs 12,447 billion.
- Of this 43% was on Elementary Education, 25% on secondary education and balance 32% on Higher Education
- Per Capital Expenditure increased to Rs 2958 in 2011-12 (vs Rs 888 in 2004-05)
Why India's GDP growth downgrade for FY13 could be a reason to cheer?
India recently revised its GDP growth percentage for FY13 to 4.5% . This happened because the size of the GDP measured for FY12 was raised higher and on this higher base the previous estimate for FY13 thus meant lower growth.
India revises its estimates for GDP three times before settling for a final number and FY13 number could still therefore turn out to be higher. Anyhow, the first reaction to this has been that short term India's economy seems to be in a bigger hold. 5% growth estimate was anyways lowest in a decade. 4.5% growth sounds like a dooms day scenario.
Curiously, what this also means is that whatever is the GDP estimate for FY14, the growth number would be compared against FY13 and on a relative bases the growth number would look rosier than before. Eg. a 4.9% growth number would signal a moderate turnaround in fortunes (vs 4.5%) whereas earlier (vs 5%) it would have looked like a continuing downtrend in growth rates.
I am therefore left wondering if any of this is an exercise in deception (self or otherwise) but is likely to have a positive impact on markets, as GDP growth numbers are announced in the coming quarters. Macro watchers should then cheer and increase their weight-age for investments in India
India revises its estimates for GDP three times before settling for a final number and FY13 number could still therefore turn out to be higher. Anyhow, the first reaction to this has been that short term India's economy seems to be in a bigger hold. 5% growth estimate was anyways lowest in a decade. 4.5% growth sounds like a dooms day scenario.
Curiously, what this also means is that whatever is the GDP estimate for FY14, the growth number would be compared against FY13 and on a relative bases the growth number would look rosier than before. Eg. a 4.9% growth number would signal a moderate turnaround in fortunes (vs 4.5%) whereas earlier (vs 5%) it would have looked like a continuing downtrend in growth rates.
I am therefore left wondering if any of this is an exercise in deception (self or otherwise) but is likely to have a positive impact on markets, as GDP growth numbers are announced in the coming quarters. Macro watchers should then cheer and increase their weight-age for investments in India
