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The Budget has pegged an outlay of Rs 79,685.95 crore for the education sector for financial year 2017-18, up from Rs 72,394 crore in 2016-17—a 9.9 per cent rise.
The e-Learning sector is expected to reach $1.29 billion ($40 billion by some uber-optimistic estimates) by 2018, growing at 17% CAGR.
A startup data tracker Tracxn has reported that over $9.86 billion (roughly Rs. 67,496 crores) has already been invested in EdTech since 2006.
India and Germany have signed an agreement on vocational education and skill development with a budget of US$ 3.37 million, which will help create and improve cooperative workplace-based vocational training in India’s industrial clusters.