India has the largest higher education system in the world, with 31,000 institutes compared with 6,742 in the US and 4,297 in China. So while the compound annual growth rate (CAGR) of the number of institutions in India is 11% that of student enrollments is only 6%.
According to a report by TeamLease Services, 57% of India’s youth suffer some degree of unemployability and these 82.5 million unemployable youth fall in three skill repair buckets-last mile repair, interventional and structural. The ministry of human resource development is mulling different PPP models for higher education that would likely comprise concession agreements distinct from those for other areas of physical infrastructure like ports, roads and power. Different models are also being looked at in terms of basic infrastructure, outsourcing, equity or hybrid and reverse outsourcing.