India is presenting an interesting growth story in the educational sector, offering constant opportunities to the young and entrepreneurial population.
According to a report, India is considered to be a nation with around 15 crore children belonging here. With rising population, the demand for education system has certainly witnessed a rise, with many new entrepreneurs invading the sector.
The preschool education industry itself in India is currently valued at more than 15,000 crores, growing at a high CAGR of 23%.
Industrialists categorize the pre-school sector into three parts: unorganized, organized, and school feeder model. Unorganized sector usually comprises of local homegrown preschools whereas organized sector mainly constitutes the franchise model.
Some regular K-12 schools start their own preschool which comes under school feeder model. Thus, the industry has a lot to offer for those interested in the education business.
Increasing income of Indian parents
As the income of many Indian parents is gradually increasing, there is a greater emphasis on ensuring children are provided with opportunities for development and interaction in a safe environment. Investors could utilize this opportunity, satisfying the parents need by creating a safe preschool for children.
Also with the trend shifting towards double income families, parents are more inclined to spend on the early education of kids than before.
According to a report, the Indian preschool market is highly underpenetrated, with only 17 percent of children attending the school. This percentage is even lower in small towns, which the franchisors could use as an advantage. Franchisors need to highlight the professional quality education, creating awareness about how early education is beneficial for a kid’s development.
A number of innovative and professional players have made their way into preschool education, emphasizing on using researched curriculum and modern tools to create an interactive learning environment for young minds.
Entrepreneurs should get more familiar with the technologies that can boost their sales along educating the future guns of the nation.