New Delhi
The EdTech (education technology) sector in India is growing rapidly, and according to a recent report, the sector could grow from $7.5 billion by 2024 to $29 billion by 2030. This report was released during the 19th edition of India Digital Summit. It has been prepared by Internet and Mobile Association of India (IAMAI) and consultancy firm Grant Thornton.
Will the contribution of EdTech increase in economic development?
According to the report, the edtech sector is going to contribute significantly to India’s economy. By 2029, the sector is expected to contribute 0.4% to India’s gross domestic product (GDP). This contribution was just 0.1% in 2020, which shows that the influence of this sector is growing rapidly.
What are the innovations and opportunities in the EdTech sector?
The report said that the edtech sector is driving innovation in India and creating new opportunities. Technological changes in the field of education are creating new possibilities for students and teachers. Especially after COVID-19, online education has shown tremendous growth, and edtech companies are achieving great success due to it.
Growing popularity of EdTech in India
Interest towards digital education is increasing rapidly in India. Various online education platforms such as Byju’s, Unacademy and Vedantu have given new opportunities to students to pursue education at their convenience. Along with this, many companies are also providing online education facilities for adults and professionals, due to which people of every section are benefiting.
New direction of education sector in India
It is also clear from this report that the level of education in India can improve even more through EdTech. The growing impact of digital education, especially in rural areas, can bring revolutionary changes to India’s education sector.
