Untapped Business Opportunities in Education Sector: India, Poland Perspective
3 October 2015, 11 am
European countries are known to India for high returns and successful investment with long traditions. Investment either for profit making or human development- both ways Indian-European partnerships were well appreciated in the past, and creating new road maps for the future . In terms of doing business- Poland ranked 1st as most attractive FDI destination in Central Eastern Europe and 5th most attractive in Europe (after Germany, UK, France and Netherlands), at the same time India ranked 9th as most attractive destination in the wold (2016). India and Poland- both governed by single Party governments, and bringing successful changes in policy making mechanism on daily basis in order to minimise the barriers for foreign investors and increase foreign collaborations in the interest of national income. With such new policies and openness- trade between India and Poland has been increased up to $2.23 billion in 2015 and expected to be doubled as $5billion by 2018. But there is an identified untapped potential area which may boost this cooperation is- ‘Education’. Education as a business sector has yet to be acknowledged by both countries in order to fulfil each-others need and desires. Poland is known for well established educational system and institutions for research & development with high class study programs from centuries. But in current scenario, facing huge demography problems and struggling for survival. Many private universities are getting closed (not getting enough number of students), and public universities are depending on public funded students (from public schools). At the same time Indian is facing trouble to accommodate it’s own young people under territorial universities due to huge number of applicants and less number of universities. Growing Indian middle class is in the capacity to expand $500 - $15000 for their quality higher education abroad. Thus, Poland-India has space to work together based on ‘demand and supply’ policy.
Keywords- India, Poland, education, business, students, universities.
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