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Industry in Nutshell
India has a very exhaustive education system for its citizen, with over 525 universities and more than 25,500 colleges with an enrolment of 15 million students in higher education. The country is currently experiencing growing global integration and changing macro-economic trends are influencing the composition and preferences of students. These include increasing spending on education, new categories of students, willingness to pay for academic quality, increasing demand for global education and demand for employability-linked education. The Indian government has played a key role in augmenting supply in the higher education sector through enhanced funding and by setting up new institutes. Private universities and institutes are playing the major roll in higher education.

Scarcity of Talent
While there is no official estimate of the number of faculty/teachers India will require by 2020, a rough estimate by the IIT’s pegs the country’s need at around 4.2 million lecturers to teach 42 million students at the higher educational level. The country is currently facing acute shortage of faculty at the higher education level. There exists a huge demand supply gap, and the sector is currently reeling under a huge talent crisis.

WAVECO Solution
We are closely following the sector and are tuned into the challenges as well as the dynamics of operating in this sector. Given the sharp gap in demand supply ratio, institutes are gradually coming forward and seeking consultants to recruit/retain the best talent.

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