SURGE OF SOUTH INDIA AS EDUCATION HUB

India is one of world’s fastest growing knowledge-based economies and ranks 2nd in terms of student enrolment in higher education in the world. With approximately 762 universities, India has the world’s largest higher education system. The Gross Enrolment

Around students 35.7 million were enrolled in higher education in India during 2016-17. The education market in India is currently valued at US$ 100 billion and is expected to nearly double to US$ 180 billion by 2020. Higher education contributes 15 % of the market size. India has managed to create additional capacity for over 40 million tudents. spending crore average, for household rural areas. corresponding 43% The Andhra have education 15.3% Tamil South and and emerged (US$ In Pradesh, It higher South Nadu 18.4% of 38%. of expenditure Indian accounts witnesses 6.93 over the figures as and India, billion). in Karnataka, total Rs the states urban Kerala 46,200 top are the in On of destinations and courses presence of sector corporates management, other investments. in of India profes for large and engineering, due sional private number financial Most too of located Kozhikode, the Bengaluru, leading in cities Cochin, institutes like Chennai, Trichy, Hyderabad, are Manipal cities premier are and educational home Vizag. to several These institutes based significant programmes. offering number industry of A these schools and offer great quality placements. education The some region of the is most also popular home to engineering colleges including reputed IITs and NITs as well as a host of top ranking private engineering colleges. Andhra Pradesh has been regarded as the leading destination for higher education both for students within the state and beyond. The government of AP is focussed to develop the state as an education and knowledge hub and is utilising infotech in a big way to achieve this goal. The state capital Hyderabad has innate advantages in terms of geographical location talent pool. and availability of Hyderabad city and surrounding areas are home to top business and engineering institutes along with being the hub of IT giants and tech companies. The Indian School of Business, Indian Institute of Technology – Hyderabad, Tata Institute of Social Science Research, Tata Institute of Fundamental Research, Birla Institute of Technology & Sciences, Narsee Monjee, ICFAI continue to drive human resource development and knowledge base. In addition, several private engineering colleges, medical colleges and business schools have sprung up in and around Hyderabad. Hyderabad now houses many institutes of global repute such as the Centre for Cellular and Molecular Biology , Indian Institute of Chemical Technology and the National Remote Sensing Agency, and a host of defence laboratories, and space institutes. The ICICI Knowledge Park and the Shapoorji Pallonji Biotech park offer lot of scope for research and entrepreneurship. They have attracted considerable talent. The rapid expansion of IT / computer technology sector has rejuvenated the engineering and management domain. As a result, several new engineering and management institutes have come up in Hyderabad. The government aims to place Andhra Pradesh among the best three states in the country by 2022 and No. 1 in utilisation of IT. Bengaluru is the leading IT/ ITeS location, boasting of the highest number and concentration of IT companies in the country. The city also boasts the highest number of startups and has an ecosystem that supports the startup culture. It has a large pool of tech talent, mentors, and venture capitalists, as well as accelerators and incubators. This city has traditionally been a technology bastion with the presence of top technology institutes and firms like IISc, ISRO, HAL, NAL and National Institute of Design. As per the latest statistics by Labour Bureau of India, the total jobs created across eight sectors (that have the ability to provide jobs to MBA graduates) has been 4.93 lacs and 1.35 lacs for 2014 and 2015 respectively. Chennai has been at the forefront when it comes to technical education. The city has evolved over the years to offer world class technical education that is in line with the contemporary needs of the industry. The presence of several auto majors in the city has traditionally propelled engineering education in Chennai. Another growing sector is the Banking, Financial Services and Insurance (BFSI) sector. In India, this sector is expected to provide jobs to an additional 1.6 million skilled workers by 2022. This means plenty of wanting financial report of departments, A sector National opportunities manpower Corporation will reveals to sector. need Skill establish in including that Development an several for (NSDC) the infusion those in corporate banking, technology future challenges. treasury, banking, and HR finance, retail to meet Skilled manpower the success and is employable of the this key sector. to Once of again, management the combination education with specialisation in Finance or engineering graduates with management degrees are best fit to fill the roles and demands of the banking and financial services industry. The leading cities of South India - Chennai, Bangalore, Hyderabad are already well poised to support the finance industry with talented human resource. With the presence of major tech companies like Microsoft, Google, IBM, Dell and Facebook in Southern Indian states; the demands for quality education has increased and South India has transformed into an education hub of India.