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.
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.