Of late, there is a consorted effort on the part of the Government and the private sector to revamp the education machinery by pooling investment. Read on..
Education is the primary requirement for a nation to facilitate social mobility, create awareness and empower people. The Indian education system has been evolving with the introduction of new policies and ideologies. However, the gap between an increasing population of students and shortage of teachers, as well as infrastructure, was always a causeof concern. Of late, there is a consorted effort on the part of the Government and the private sector to revamp the education machinery by pooling investment. With industry leaders joining hands in this mission, the education market is indeed flourishing to offer more conducive, effective and inclusive learning alternatives. The following are ways by which investments are enhancing the Indian education industry:
Educational institutions: Schools, colleges and universities together form the foundation of a nation’s education matrix. These establishments are the makers of the future citizens of the country. They must deliver comprehensive education, nurture students’ interest and talent, cater to their learning needs and have teaching professionals who’ll mentor them in the most effective possible way. More funding will enable a range of possibilities like:
Education and technology: Edtech start-ups have created a positive stir in the Indian education setting. They are using technology to optimise learning. The edtech firms are offering unique, standardized and interactive solutions tailored to the learning needs of niche audience or learners. They have on their platter an array of educational items like learning apps, games, online courses, web-based learning, Instructor-led courses and many more that will enable users to self-learn and enjoy the learning. This new-age education industry is attracting foreign as well as leading investors for its potential growth and revenue generation. Byju has drawn a staggering $140million investment for its innovative and highly popular offering. Edtech is currently one of the most promising fields of investments. It allows for a lot of diversity and experimentation since it can achieve educational objectives via sophisticated technology. From rendering solutions for adult learning, skill development courses to K-12 education, edtech firms can explore various alternatives and platforms like mobile learning, MOOC courses, customised webinars, interactive e-books to list a few.
Vocational training institutes:The ‘Skilled India’ campaign of the Government reinforces the significance of vocational education in our country. In the past, the emphasis was more on academic achievements than skill development. However, this mindset is changing with the proliferation of diverse specialised skill based job opportunities like Fashion Designing, Hotel Management, Hospitality etc. The area of vocational training and skill development in India has room for improvement and calls for investments. A greater number of well-equipped vocational and field specific institutions will be the wind beneath the wings for many talented students. Lovely Professional University (LPU), a private organisation,tends to blur the divide by offering both academic and vocational courses.
The education market openly welcomes offers to revolutionize how we learn and promises to make the learning enriching, engaging and fruitful. A steady flow of funds and investments will enable the education system of our country to enlighten and empower the whole nation.
This article has been authored by Vibha Kagzi, Founder and Chief Education Officer, Reachivy.com