The driving force behind the growth of the country is its youth which is almost 49 per cent of the total Indian population. According to a report published by IRIS and UNHABITAT, India is going to be the youngest nation by the year 2020. Education can be a catalyst for the socio-economic transformation of country with important attributes like knowledge and skill development. The market size of Indian education sector was INR 3.83 trillion in 2013. The public spending in the Indian education sector was 11.3 per cent in 2012 which is 3.4 per cent of the GDP.