India Ratings and Research Pvt. Ltd, a part of the Fitch Group,

New Delhi: India Ratings and Research Pvt. Ltd, a part of the Fitch Group, on Wednesday maintained a stable outlook for the Indian education sector citing improved enrolment in schools and higher education, more government investment and better job prospects.

The rating agency estimated the Indian education market to be worth Rs.5.9 trillion in 2014-15 as against Rs.3.33 trillion in the 2011-12 financial year.

“India’s young demographic would continue to benefit the sector even as protracted infrastructure upgrades and regulatory issues delay timely benefits,” said India Rating in its FY15 outlook for the sector. India has at least 250 million students in schools and some 27 million in higher education. The country has some 1.4 million schools and over 36,000 colleges.

Sunil Sinha, director of India Ratings, said that in the last five years, the higher education sector has expanded significantly but the quality and promise of some of them some colleges have not been up to the mark. In school education, some of the benefits of flagship schemes like right to education and model-school scheme in public-private-partnerships haven’t come through, he said.