EdTech: India’s New Growth Catalyst for the Education Industry

It is estimated that the Indian EdTech industry received $16.1 billion in venture capital funding, up $500 million in 2010. The K-12 and upskilling sectors are driving the industry’s growth.

Several panel discussions, fireside chats, and keynote addresses were placed at Express Computer’s recently arranged ‘Digital Technology Senate 2021 – Education Track.’ A two-day online conference was organized on June 9, 2021, and June 10, 2021, to study the repercussions of the changing educational environment and to look for technological advances to better our digital learning platforms.

On the second day of the conference, Dr. Ajeenkya D Y Patil, Chairman of Ajeenkya D Y Patil University, delivered a keynote address titled “Setting benchmarks using cutting-edge technology in education.” He underlined that access to a good education remains a privilege for many people.

Ed-Tech: India’s New Growth Catalyst for the Education Industry

Covid-19 Pandemic And Ed-Tech:

In India, the pandemic has had the greatest impact on the education sector. Traditional classrooms are no longer the only place where education takes place. New-age pedagogies have been made possible by the constraints and strict safety procedures of the government.

During these unprecedented times of great uncertainty, the EdTech industry rescued governments, educational institutions, parents, and students with disruptive technologies. Technology advancements in education Various governments, development organizations, and industry actors have collaborated for some time.
Updating current digital infrastructure in a synchronized manner, developing learning solutions, and creating fresh content for the public to use.

How Ed-Tech Is Helpful?

EdTech has the potential to close the learning gap due to technology’s capacity to remove geographical barriers. While educators acknowledge the importance of digital adoption, they also want to keep some of the unique benefits of a traditional classroom setting, such as peer dialogue, one-on-one aid from educators, and the opportunity to work on group collaborative assignments.

Growth In Ed-Tech:

The Indian education system is estimated to be worth more than $ 100 billion dollars, with School Edtech being a $ 15 billion opportunity.

The Indian EdTech industry is estimated to have received $16.1 billion in venture capital funding, a significant increase from $500 million in 2010. The K-12 and upskilling sectors are driving the industry’s growth.

Because of the growing popularity of Massive Open Online Courses (MOOCs) and distance education, India’s EdTech industry is predicted to reach $30 billion in the next ten years.

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