There are numerous reasons that are fueling the edtech industry in India and are helping individuals to foray into an industry worth billions. Here we present some of the reasons as to why edtech business is profitable.
The “shelf-life” of educational degrees and certificates has become very short and higher education must be able to respond more quickly to these changes and provide the requisite educational changes to handle these needs.
According to reports, less than 50 per cent of teacher trainees in India are comfortable with word processors, graphic software, blogs, social media and mobile learning applications
The Indian coaching industry is assumed to be growing at over 15 per cent per year, welcoming new educators and brands for offering coaching services to competitive exam aspirants.
The rapid transformation and innovation in the education industry are perhaps responsible behind the growing popularity of the foreign language education sector in India.
The Indian retail industry accounts for over 10 per cent of the country's Gross Domestic Product (GDP) and around 8 per cent of the employment, making India the world's fifth-largest global destination in the retail space.
Globally, the concept for STEM initiative in education is already creating a buzz. STEAM is just an advanced form of STEM education initiative that deals with Science, Technology, Engineering, Arts, and Mathematics.
STEM Education market is one of the most promising markets and is evolving rapidly. The first movers will benefit in the long run and will set firm roots in the business.
