India, April 7 -- India Ratings and Research (Ind-Ra) on Tuesday retained a stable outlook on the Indian education sector for 2020-21, driven by sustained rise in enrolments for higher studies.
Although the nationwide lockdown will adversely impact the household income, especially of the ones at bottom of the pyramid and may lead to school dropouts, Ind-Ra believes the government's ongoing initiatives like the Mid-Day Meal Scheme, Samagra Shiksha and Mahatma Gandhi National Rural Employment Guarantee Scheme would support the sector.
According to the report, the education market is likely to expand by 5-6 per cent in FY21, driven mainly by growing enrolments in higher education which increased by 2.07 per cent annually in FY19.
Ind-Ra exp...