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Future of Ed-Tech Industry in India

  • Author Redufy
Future of Ed-Tech Industry in India

With a population of over 1.3 billion people, India is the second most populated country in the world. As of 2001, India had a literacy rate of 64.8%, which is hopefully increased by now. Although this number seems not so bad for a developing country, the harsh reality is going to hit you hard. The census doesn’t count for the quality or level of literacy that a citizen has. India needs a lot of work to be done in the education sector.

In such a scenario, Ed-Tech startups are a ray of hope for Indian education systems. Over the years, such startups have been working on increasing the quality and reach of this quality education. Indian Ed-Tech startups have been working on various fronts to add value to the existing education. While some might say that the future of Ed-Tech industry is limited in India, we beg to differ. Let’s understand why the future is even brighter for this industry.

 

Need for quality

When we talk about education, quality is always better than quantity. With the increasing number of students, it’s become very difficult for institutions to cope up with the requirement for good quality education. This has resulted in constantly decreasing quality of education. Despite students going for costly private tuition, education is still not at par with the international standards. Ed-Tech startups in India have been proving that they are the beacons of light for this long-lasting problem. They have proved to be able to provide top-notch quality education and this is just the beginning. There are many folds more opportunities for the Ed-Tech in India.

 

Untapped markets

The reach of Ed-Tech in India as compared to possibilities can be described as a lake compared to an ocean. The Ed-Tech sector is definitely going to benefit from the high population of the nation. Although diversity is going to be a challenge, startups today have more opportunities than obstacles. At present, startups have mostly targeted urban areas but Indian has more rural population than the urban population. Until now tapping rural areas has been tough because of infrastructure and technological difficulties but with rapidly increasing digitalization, developing infrastructure and increased awareness in rural population, Ed-Tech is bound to reach across boundaries of urban and rural. Hence, there is so much more to come for Ed-Tech.

 

Synergy

The childhood phase of Indian Ed-Tech sector has been finished by the startups with flying colours. Calling it childhood phase because till now, supporting pillars-digital infrastructure and technologies-have been difficult to align for the best working for startups. The technological advancements made in recent years and the dedicated steps by the government to uplift the Ed-Tech sector are adding up to synergy that is going to make the sector grow exponentially. The efficiency is increasing and Ed-Tech’s growth means the growth of education in India.