Engineering Education Industry: Challenges and Strategy to Overcome These
Engineering education industry is close to Rs. 54,000 crore industry in India. It was a comfortable industry, where once annual tuition fee is given by students, there is no pressure on the management to show output every month or quarter as is the case in other industrial sectors. This industry was booming till 2013 after which a decline has started and in the last 5 years students’ enrollment has decreased by 14%. This enrollment is predicted to be less in the years to come posing a great threat to engineering education industry. Already hundreds of engineering colleges have closed down and there is threat to other colleges too. Root causes of the decline in enrollment of students have been identified and strategy to tackle the same have been suggested in this paper.