The importance of education can be realized from the fact that all modernised societies tend to emphasise on universalisation of education as a mode for sustained economic development. There is a huge demand for upgradation of education as India is expected to have a surplus of 47 million people in the working age group by 2020. As a result, both the formal education sector (including K-12 and higher education) as well as informal sector (including coaching institutions, pre-schools and vocational institutions) are witnessing rapid growth in India.
The Indian education sector is at a crucial stage in its growth phase. The country’s demographic advantage of a large young population coupled with low gross enrolment ratios (GERs) presents a huge opportunity to players in the education sector. The Indian education system, considered as one of the largest in the world, is divided into two major segments of core and non-core businesses. While, schools and higher education for the core group, the non-core business consists of pre-schools, vocational training and coaching classes.
Lunawat’s core cross-functional team comprises professionals from various fields including assurance, tax, regulatory, corporate finance and strategy who analyse client problems in a more holistic and detailed manner to enable us to provide need based services to clients in this sector.