May 02, 2019
According to a report, enrolment in online degree or diploma programmes is expected to grow at 14.5 percent and reach 63.63 lakh by 2022.
As per a report from Schoolguru Eduserve (a TeamLease group company), UGC regulations for online programmes that allow Universities in India to offer online degree programmes as well as the government's initiative on improving gross enrolment ratio (GER) will boost the industry.
The enrolment in online degree or diploma programmes will witness a 14.5 percent compound annual growth rate (CAGR) and will reach 63.63 lakh by 2022.
As per the report, the enrolment growth that India will witness in the near future would be somewhere close to that of the United States of America and Europe.
During the academic year 2015-17, the online higher education enrolment in the US and Europe were 16 percent and 12 percent, respectively.
The report further noted that the total enrolment in online education is estimated at 33.6 percent CAGR and cross 2.12 crore by 2022.
The online re-skilling and certification market is expected to touch at Rs 3,333 crore by 2022.
"Online learning can provide a potent alternative for the massification of higher education thereby helping the country improve its GER rates from the current 25 percent to the targeted 30 percent," Shantanu Rooj, CEO and Founder, Schoolguru Eduserve said.
From a programming perspective, associate and bachelors' degrees are the most preferred programmes. In fact, more than two-thirds of the students in India prefer to pursue an associate or a bachelors' degree.
According to the report, some of the hindrances that the online education sector is facing are unavailability of qualified online instructors, inadequate student-faculty interactions, duration of the course, lengthy enrolment procedure and high fees.
Courtesy: Economic Times
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