According to an industry chamber study, the size of the education sector is expected to double to US$ 50 billion by 2015 with the rise in government expenditure along with an increase in middle-class income, according to the study. According to the report, the size of the education sector currently is pegged at US$ 25 billion, with higher education market estimated at US$ 15 billion. The government is planning to spend about five per cent of gross domestic product (GDP) in the next five years on education, as per the study. The education sector in India is witnessing growth in private equity (PE) investment, according to HDFC. The company plans to foray into the sector, which according to Keki Mistry, Vice Chairman and Chief Executive Officer, HDFC, has touched US$ 190 million in 2010. The education sector is also witnessing increase in hiring activities as per the employment indices of online job portals Naukri.com and Monster India. In the month of June 2010, the indices for ...
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