This document provides an overview of the education sector. It begins by defining education as the means of transmitting cultural knowledge, skills, and values from one generation to the next, typically through schools. It then discusses the importance of education for developing skills, teaching humanity, and allowing human and social development. The document outlines different levels of education including primary, secondary, higher, technical, and open/distance learning. It also examines factors that drive the education industry such as income, costs, cultural mindsets, and government policies. Challenges to India's education system include improving quality, increasing funding, and expanding literacy. The document concludes by listing essential components for a successful education system such as standards, accountability, technology use, and updated

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TechnoFunc Presents
Overview of
Education Industry

2. Overview of Education Sector
Education in its broadest, general sense is
the means through which the aims and
habits of a group of people lives on from
one generation to the next. Generally, it
occurs through any experience that has a
formative effect on the way one thinks,
feels, or acts. In its narrow, technical sense,
education is the formal process by which
society deliberately transmits its
accumulated knowledge, skills, customs
and values from one generation to another,
e.g., instruction in schools.
Source : Wikipedia

3. Importance of Education
Why is education important?
• Education gives us Knowledge
• Education teaches us lessons of Humanity
• Education comprises good thoughts in human
being
• Education tells men how to think, how to work
properly, how to make decision.
• Education contributes to human development
• Education gives us employment and identity.
• Education highlights the human talents.
• Education leads to innovations and discoveries.
• Education develops a meaningful outlook on life.
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4. Levels in Education
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Primary
Education
Secondary
Education
Higher
education
Technical
Education
Open and
distance
learning

5. What drives the Education Industry
Demand and Supply are the two main factors which drive the direction
of the Education Industry.
The demand drivers of the education sector include:
 Household disposable income.
 Cost of education.
 Opportunity cost of education
 Cultural mindset
 Government Boost
The supply drivers of the industry include:
 Availability of qualified work force
 Government funding
 Changes in social outlook: Campus Universities VS. College Online.

6. Challenges in Indian Education System
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Improving the quality of education at all levels in
India
Increase in the expenditure on education sector
specially at Higher levels
Improve the literacy rate in India
Awareness about need of education in rural India

7. How to Improve Education System?
Essential Components of a Successful
Education System :
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Better Standards
More Accountability
More Parent Involvement
Autonomous Structure
Use of Advanced Technology
Updated Curriculum
Periodic Assessments
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