Foreword • The growth of Indian education market is being fueled by a blend of demographic, technological, and economic factors With over ~ 600 M people under the age of 25 , India has one of the largest youth populations globally, driving a robust demand for quality education . The rapid advancement of digital technology has facilitated the transition to online and hybrid learning Ashish Dhir models, enhancing accessibility, particularly in rural areas where traditional institutions are limited . This shift is further supported by increased investment Senior Director, in Ed - tech startups that provide personalized learning experiences, skill development, and exam preparation . Consumer & Retail • Government initiatives like the National Education Policy (NEP) 2020 aim to elevate educational quality and inclusivity, emphasizing vocational training and holistic education . Growing awareness amongst parents regarding the significance of early childhood education and lifelong learning is also contributing to higher enrollment rates in various educational programs Moreover, the entry of international players into the Indian market introduces diverse curricula and expertise, enriching the educational landscape . Praneet Singhal • This report offers a detailed analysis of the current state and future potential of the education market, highlighting trends, and opportunities for stakeholders . Director, It includes a comprehensive overview of both the global and Indian education Technology & Internet markets, detailing market sizes, growth trajectories, and key growth drivers . By examining major initiatives undertaken by the Indian government and leading economies to advance education, the report aims to equip stakeholders with valuable insights to navigate and capitalize on the ongoing innovations in the sector as of September 2024 • We, at 1 Lattice, look forward to continuing the discussion with our friends across sectors and exchanging notes
Foreword The Indian education sector is experiencing transformative growth, driven by its vast youth demographic, increasing internet penetration, and supportive policy and economic frameworks With over 600 million individuals under 25 and more than 820 million internet users, India is uniquely positioned to lead in educational innovation The Hemant Sahal widespread adoption of mobile devices has democratized access to learning, enabling online and hybrid models to bridge gaps between rural and urban learners Founder and CEO, Digii Digital transformation is at the heart of this evolution, with AI - powered platforms revolutionizing the sector across various segments From personalized learning in K - 12 education to AI - driven test preparation, career guidance, student management systems and professional upskilling, technology is enhancing the quality, efficiency, and reach of education Virtual labs, gamified content, blockchain - enabled document management, and immersive technologies like AR and VR are creating engaging and effective learning experiences These advancements are addressing challenges of accessibility, inclusivity, and scalability across diverse educational contexts The government is playing a critical role in amplifying this wave of transformation through favorable policy changes and strategic initiatives Landmark programs such as the National Education Policy (NEP) 2020 are redefining the education framework, emphasizing holistic, multidisciplinary, and skill - based learning while promoting Jyothi inclusivity and innovation Initiatives like PM eVIDYA , DIKSHA, and SWAYAM are SVP - Business Operations leveraging digital platforms to enhance accessibility and equity, bringing quality education to the most underserved regions Additionally, vocational education reforms and Partnerships, Digii and skill development programs are aligning education with industry needs, ensuring readiness for future job markets This report delves into the current state and future potential of India's education market, offering actionable insights into the roles of digital transformation, AI innovation, and government support in shaping a modern, equitable, and dynamic education ecosystem We invite readers to engage with this analysis and collaborate in unlocking the immense potential of this sector, empowering millions of learners, educators, and institutions across the nation
Product in Spotlight - 1nsights Powered by 1nsights , our comprehensive report " Education: Embracing tomorrow’s learning landscape", delves into the transformative trends shaping the education sector. It highlights the emergence of new - age learning platforms, the integration of AI - driven tools, and the growing emphasis on personalized, lifelong learning experiences. This report explores key themes, including the shift towards hybrid education models, the role of technology in bridging learning gaps, and projected growth trends in EdTech markets globally and in India. It sheds light on innovations like adaptive learning systems, gamified education, and AI tutors that are revolutionizing how we learn. 1nsights , our advanced market intelligence platform, equips you with actionable insights, data analytics, and growth projections. Navigate challenges like digital accessibility and rising costs while capitalizing on opportunities to align education with tomorrow’s demands.
Executive summary (1/2) Adoption of technology in Education • During study hours, K - 12 & higher education have adopted 75% tech, using AI & AR apps with 3D models for self learning, while Embibe & upGrad platforms enhance test prep. • In after - study programs, higher education & professional training have embraced 75% tech, offering VR courses & labs for skill training, along with a virtual campus hiring process. • Deeptech in education enhances document management , career guidance , gamification , grading & personalized learning through AI & blockchain . It improves accessibility, real - time assistance & solves language barriers in content delivery. Abroad education landscape • India's abroad education consulting offers career guidance , admission support , financing , and post - admission services like visas, accommodation & job assistance. • The number of Indian students studying abroad is projected to double to 2M by 2027 , growing at a 16% CAGR from 1M in 2023 • In 2023, USA saw the highest outflow of Indian students at 285K , while Australia & New Zealand are projected to lead with a 17% CAGR by 2027. • The rise in Indian students migrating abroad, from 4.4L in 2021 to 7.6L in 2023 , is driven by easier admissions, higher salary prospects, and unique courses offered by top destinations like the USA , Canada , and UK. Source(s): Industry reports, company reports, 1Lattice analysis
(2/2) Education market size • The global education market is anticipated to grow to US$ 8.0T by 2030 at a CAGR of ~3.8% , driven by global demand for education and technological advancements. • India's education sector is expected to grow to US$ 313B by 2030 at a CAGR of ~8% , driven by a massive youth population of 580M , expanding internet access with over 820M users & strong government support through various initiatives. Government initiatives • NEP 2020 transforms Indian education by promoting holistic learning , skill development , & inclusivity for marginalized groups while enhancing quality & accessibility for all students. – PM eVIDYA boosts online learning with SWAYAM & DIKSHA. SWAYAM Prabha offers 200 DTH TV channels & 13,000+ content pieces . DIKSHA has 8,740+ e - courses , with ~40L students registered for SWAYAM in 2023. – PARAKH standardizes assessments across Indian school boards, implements a Holistic Progress Card , facilitates student transfers, and offers teacher workshops , all aligned with international standards. – Samagra Shiksha has upgraded over 97K+ schools , enhanced digital access in 122K+ schools & introduced vocational education in 8.5K schools, promoting equitable access to quality education for marginalized groups.
Agenda Indian Education landscape Government initiatives undertaken Tech adoption in Education Study abroad landscape in India Case studies Way forward
Indian education landscape Overall, Education in India can be classified into 18 themes across 5 key segments 10 Early learning (Below 5 years) K - 12 (5 - 18 years) 1 2 3 4 5 6 7 8 9 Test prep (Above 16 Supplementary years) education & Supplementary Educational After school Gamified New age After school Career Pre - schools education kits & toys learning curriculum learning learning learning guidance providers • Coaching • Kindergarten, • Learning habits • One - stop • Extracurricular • Tuition for • Adaptive, • Co - curricular • Extracurricula • Post school classes for playgroups, additional to provider of activity classes course personalize activity - based r activities like career competitive Montessori school skill for sports, curriculum d and multi - learning like sports, martial planning and schools, K - 12 • E.g., phonics, development music, art and through e - featured coding, arts, dance, • E.g., college school chains interactive • Related to craft etc. tutoring (live and learning in a abacus, etc. music, yoga selection, professional exams consisting of activities, motor, recorded) gamified • Homeschooling etc. admission, • E - tutoring via preschool games, language, • Curriculum format with open fees, recorded and grades language study, social, planning and study application, live classes story reading, thinking, world textbooks and resources courses etc. etc. skills, etc. tests with doubt - solving B2B services Higher education (18 - 25 years) 11 12 13 14 15 16 17 18 Job ready courses Upskilling and Degree / diploma Extra - Career support Financial Education IT Corporate with placement professional service courses curricular and job search Aid software learning support courses • In demand skills • Courses pursued • Higher education • Extracurricular • Career support for • Financial • Business IT • On the job certification after graduation, and upskilling activities 18+ age group like support solutions for learning programs either having a duration of courses for college including internship leads, job (e.g., educational programs for individually 1 - 3 years in specific students (UG / PG) photography, application tips, education institutions like employees of subscribed or subjects for attaining and white - collar music, design, advice etc. loans) to learning a particular through institute general / working DIY, marketing, • Includes job pursue management organisation collaborations professional degrees professionals entrepreneurship vacancies, company higher software, library, to upgrade • Hybrid learning • Ex: Data science, , art, etc. reviews, interview education SMS automation, skillset courses including programming, preparation and tips etc. pay after placement Microsoft excel etc. for job seekers Source(s): Tracxn, Secondary Research, Company Websites, 1Lattice analysis © 1Lattice | 9
Indian education landscape Global education market is expected to be US$ 8T by CY30, with the Indian education market expected to grow to ~US$ 300B by FY30 Indian Education market is expected to grow at a Robust demand for learning & strong infrastructure technology CAGR of 6.8% to reach US$ 300B by FY30 will drive the growth of the education market in India Growth Global education market Description drivers (US$ T, CY22 - 30P) • Largest population in the world in the age bracket of 5 - 24 years with 580M people creating demand for quality CAGR 3.7% education 8.0 CAGR Increasing young 6.2 6.0 3.3% population • India, the second - largest English - speaking country , ranked 48th out of 112 in the English Proficiency Index 2021 • High - speed internet & widespread use of smartphones Strong creates favourable environment for technology - driven CY22 CY23 CY30P educational solutions technology infrastructure • 2nd largest Internet user market with 820M+ users Indian education market (US$ B, FY22 - 30P) • India had ~46M students pursuing higher education in CY23 Rising higher 313 CAGR education • Rising awareness & aspirations to pursue quality higher 8% education CAGR 198 14% 152 • Transformation of Indian education through favourable government policies like National Education Policy (NEP) 2020, Sarva Shiksha Abhiyaan, Rashtriya Ucchatar Government Shiksha Abhiyan initiatives • Addition of more students under digital learning umbrella FY22 FY24 FY30P through initiatives like eVIDYA and e - Basta Source(s): Population census, UNICEF, IBEF, Govt. data, secondary research, 1Lattice analysis © 1Lattice | 10
Indian education landscape Illustrative Education landscape in India [1/2] Pre - K K - 12 Physical Play schools Schools Online Day Care schools Language classes Story Reading & Supplementary Listening education Educational Out of school learning Games / Kits Outdoor learning Assessment Activities Test preparation Career guidance Gamified learning Sports and extra - curricular © 1Lattice | 11 Source(s): Company websites, 1Lattice analysis
Indian education landscape Education landscape in India [2/2] Illustrative Continued learning B2B Tech SaaS Higher education Institute & Learning Corporate Colleges / Management System training Universities Assessment Certification / online course Vocational Income share agreement - training based training Job search / training Digital tutoring Casual learning / enablers training Education Finishing finance school Parent teacher communication Publishing house Note(s): *refers to indirect spends in the overall education sector spend. Landscape is indicative, not exhaustive © 1Lattice | 12 Source(s): Company websites, 1Lattice analysis
Agenda Indian Education landscape Government initiatives undertaken Tech adoption in Education Study abroad landscape in India Case studies Way forward
Government initiatives: Timeline Evolution of education - based legislation in India and their implications National policy on Draft National Policy on National Policy on Education: Revision of NPE 1986: Education: Education: • Objective to expand • Focus on promotion of • Compulsory education • Proposed development education accessibility development for 6 - 14 years children • Inclusion all social classes of knowledge, skill & • Strengthening national • Allocate 6% national moral value focused specifically SC, ST, OBCs & integration & enhancing income on education education system females quality of education 1968 1979 1986 1992 Before NEP 2020 2021 - 22 2009 2001 - 09 1994 Right to Education Act (2009): Formulation of Sarva Shiksha Abhiyan (SSA): District Primary Education • Education became a fundamental • National Curricular • 1.48L primary schools & 1.3L Program (DPEP): right of every child of 6 - 14 years Framework for School upper primary schools built Provide access to primary • 25% seats reserved for socially Education (NCFSE) and • Additional, 8L classes in education either through disadvantaged groups in all • National Curriculum existing schools built formal or informal means private schools Framework for Teacher Education 2023 - 24 2025 2030 2040 • Establishment of a new • Plan to attain universal • Provisioning of quality • NEP 2020 to be NEP 2020 assessment center, PARAKH foundational literacy & early childhood care fully operational plan • Establishment of State numeracy by grade 3 • Teacher education • Comprehensive School Standards Authority • Min 50% learners exposed moved to multi review will be taken (SSSA) to keep standard of to vocational education in disciplinary universities education in check higher education system © 1Lattice | 14 Source(s): Secondary research, 1Lattice analysis
Government initiatives: PM eVIDYA PM eVIDYA provides multi - mode access for imparting education by using technology PM eVIDYA aims to facilitate access to Use of ICT in eVIDYA earned digital / online learning UNESCO’s recognition Impact of PM eVIDYA SWAYAM Portal SWAYAM Prabha • Infrastructure is utilized for creating Consists of video lectures, reading Group of DTH channels telecasting 24/7 Energized Textbooks in 31 Indian materials, quizzes and an online educational programmes for students languages & 7 foreign languages discussion forum without access to the internet including ISL • SWAYAM Prabha uses - 12 DTH TV channels, to be expanded to 200 channels with more than 13,000 contents telecasted in 31 languages Special content for Children With DIKSHA special Needs QR embedded e - book for all PM eVidya • UNESCO’s recognized prize awarded To provide educational access to classes & a dedicated a TV to MOE for the use of ICT learners in secondary level 270+ videos channel for 12th grade students in sign language has been developed • DIKSHA has 8,740+ e - courses available on its platform • ~40 lakh students registered for SWAYAM sessions in 2023 Radio & Podcast content Online coaching for competitive exams Radio will be used specially for children living IITPal is a series of lectures prepared by IIT in remote areas with no access to internet Professors to help students prepare for JEE & • Expansion from 12 TV channels in (specially classes 1 - 5) NEET FY22 to 200 TV channels at present © 1Lattice | 15 Source(s): Secondary research, Press releases, Industry reports, 1Lattice analysis
Government initiatives: PARAKH & Samagra SHIKSHA Government has undertaken other initiatives like PARAKH and Samagra SHIKSHA to further the growth of education sector in India PARAKH aims to adopt international standards to refine Samagra SHIKSHA aims to improve overall quality of school assessment methods & expand stakeholder capacity building education in India, from pre - school to senior secondary level Key focus of Samagra SHIKSHA Capacity development in Large - scale competency assessment achievement survey Holistic approach to Organize series of workshops for Standardizing student Quality education education dissemination of learning assessment across all Indian competencies to familiarize the school boards by conducting teachers with policy changes large scale surveys Digital education Girl education Sports & physical Skill development education PARAKH (Performance Assessment, Regional balance Strengthening of schools Review and Analysis of Knowledge for Holistic Development) Impact Equivalence of school boards Holistic progress cards • 3K+ Elementary, Secondary and Higher Secondary level schools upgraded Holistic Progress Card for Establishing system to ease • 97K+ schools strengthened including additional classrooms Foundational stage Competency - process of transfer between • 122K+ schools covered under ICT & Digital initiatives including based assessment, document support boards for students & create Smart Schools to teachers on usage & facilitate its equivalence of boards • 8.5K+ schools covered under Vocational Education implementation © 1Lattice | 16 Source(s): Company websites, Industry reports, Secondary research, 1Lattice analysis
Agenda Indian Education landscape Government initiatives undertaken Tech adoption in Education Study abroad landscape in India Case studies Way forward
Tech adoption across plays Across plays, a significant level of tech adoption is seen for classroom learning, self - tutoring, test prep etc. Prior to commencing study During study After study Casual Graduation / Classroom Campus Recruitment Self study / Tests Upskilling Prospective Admission Learning employment learning life (Test, etc.) tutoring / exams • Games, quizzes • Children selecting via videos, etc. with gamified • Players like Ekam provide online schooling for kids version • 2 platforms • School named AI search • Offline • Offline or very connect & aggregator - selection rare online ATL labs bridging the procedure application • Explaining gap between with physical process abstract school & exams, tests, • Educational kits, concepts • Use of gaming in students etc. • No access gamified toys through 3D nongame to student model • AI - powered contexts apps, • AR - based companion • Ex: Duolingo – digital robot for • Mix of offline • Colleges have STEM learning • Platforms like • Preparing • Virtual campus • Only virtual language channels, children; Miko college fair, and online online apps Embibe students for hiring process learning website etc. mode of application • E.g.: Hatch workplace and for student virtual implement AI in that has selection process Kids, Camp jobs by recruitment test prep campus tours embraced procedures K12 providing skill • upGrad uses AI • No easy - to - gamification to decide the training use online app for question bank through VR courses and enrollment for students VR labs • AICTE & Meta partnered to • AI based • Often online equip students course admission in AR skills suggestions process with to users no or rare • Ex : Udemy, offline upGrad procedures Very low Very high Tech adoption level © 1Lattice | 18 Source(s): Secondary research, Press releases, Industry reports, 1Lattice analysis
Tech adoption in education: Omnichannel presence Online test prep institutes are expanding to offline avenues to increase student / parental engagement Parameters Rationale Players (illustrative list) Higher engagement • Big early learning offline players continue to keep an online arm post via apps pandemic for small videos, stories, activities, performance reports, etc. • Klay has a network of 50K+ students in India; Euro Kids and Klay enhancing parental engagement via hybrid models Blended learning with • Upgrad offers full - fledged online blended degree programs in partnership offline college with Jamia Humdard University, Lovely Professional University and OP Jindal Global • Imarticus Learning is expanding offline centers in Tier 1 & 2 cities • Physics Wallah operates 130 offline coaching centres in 105 cities , of Offline centers which 55 were opened in FY24 & plans to open 50 more centres by end of for test prep FY25 • Network of 61 Unacademy offline centres spans 44 cities across India, with a target to amplify this count to 500 centers within 200 cities • Infinity Learn , the online arm of Sri Chaitanya Group, aims to open 100 tuitions centers PAN India & launched HyFlex model is to combine synchronous online and face - to - face components © 1Lattice | 19 Source(s): Secondary research, News Articles, Company website, 1Lattice analysis
DeepTech applications in Education Real time assistance, personalised learning & enhanced learning accessibility are major applications of DeepTech in Education sector Document management system using blockchain Real time assistance • Blockchain can be used to store documents as • AI acts as a virtual tutor by answering questions & enhancing immutable entries learning experience • Documents stored in blockchain are verifiable owing to • Eliminates the need to: transparency - Constantly consult teachers • Blockchain can securely manage staff records and - Search the internet for answers student career data with transparency AI for career guidance Personalised learning management system • Offers personalised recommendations based on • Data analytics identifies patterns in student data to interests, skills & occupational preferences personalize interventions & improve instruction • Provides real time access to job vacancies & • VR & AR offer immersive learning in virtual labs, market trends historical sites, & scientific simulations, tailored to students’ interests • Quickly responds to frequently asked questions • AI streamlines learner tracking , performance evaluation , and grievance redressal efficiently Applications Gamification Enhances learning accessibility of DeepTech • Gamification enhances practical • Gesture & motion tech aid students with in Education application of educational concepts by mobility impairments providing students with opportunities to • Brain - Computer Interfaces (BCIs) empower utilize their imagination students with disabilities • Gamification boosts concentration , - By translating brain signals into computer interest & cognitive stigma commands - Facilitating independent learning AI - based proctoring & grading Solves problems of different content language • AI can detect suspicious behavior & detect plagiarism by: • NLP* feature serves as a bridge by facilitating - Facial recognition understanding of human language by computers - Eye tracking • Some use - cases are: - Audio analysis - Analyzing vast of textual data • AI used for grading can save ~70% time - Identifying patterns - Responding to queries in real time Note: *Natural Language Processing © 1Lattice | 20 Source(s): News articles, media reports, 1Lattice analysis
Agenda Indian Education landscape Government initiatives undertaken Tech adoption in Education Study abroad landscape in India Case studies Way forward
Abroad education consulting landscape Abroad education consulting landscape of India Career discovery Admission consulting Financing Post admission services • Shortlisting colleges / • Profile building • Marketplaces for lenders • Visa & travelling universities • Psychometric test • Financing platforms • Forex & bank accounts • Career assessment • SOPs, essays, application • Scholarship options • Student accommodation Services • Information / research blog • Student community offered • Job support • Transfer services Standalone Solution Providers Integrated platforms (Hybrid) Online players Note(s): Above mentioned landscape is indicative, not exhaustive © 1Lattice | 22 Source(s): Industry reports, company reports, 1Lattice analysis
Overall outflow of Indian students Outflow of Indian students abroad to grow @16% CAGR between CY23 - 27P with Australia & New Zealand having the highest CAGR of 17% ~2M Indian students are projected to opt for United States is likely to continue as the major hub, while overseas education by CY27 Australia & New Zealand are the emerging hubs Overall outflow of Indian students abroad Overall outflow of Indian students abroad – By country (CY19 - 27P, in M) (CY23, in K) 1.9 284.8 CAGR 255.4 16% 156.8 COVID driven slump 88.9 1.0 0.9 0.7 0.6 US Canada UK Australia + New Zealand 0.4 CAGR CY19 CY20 CY21 CY22 CY23 CY27P 15% 14% 17% 15% CY23 - 27P © 1Lattice | 23 Source(s): Industry reports, company reports, 1Lattice analysis
Key drivers for education abroad Wide range of courses, rising immigration & better career growth are some of the key drivers for education abroad Key drivers for education abroad Wide range of courses Rising Immigration • Foreign universities offer courses • In 2023, 7.6L Indian students have migrated up like Parapsychology, Ferrier from 7.5L in 2022 & 4.4L in 2021 science, Ecotechnology, etc. which • Top destinations like USA, Canada & UK for are not available in India further studies, work, or settlement Growing earning aspirations Better career growth • Degrees from reputed foreign universities • Studying abroad exposes to diverse command higher salary packages perspectives, builds critical thinking • Salary premium associated with • Foreign degrees are often highly valued by international education is major draw employers globally Accessibility of admission • Easier to get into desired program at good university abroad compared to intense competition for limited seats © 1Lattice | 24 Source(s): 1Lattice analysis
Agenda Indian Education landscape Government initiatives undertaken Tech adoption in Education Study abroad landscape in India Case studies Way forward
Case study: Physics Wallah st Starting off as a YouTube channel in 2016, Physics Wallah has become India’s 101 unicorn startup with offline presence in 100+ cities across India Physics Wallah is an online platform offering courses for JEE, NEET, and classes Key figures • Started as YouTube channel 2016 • Transformed complex physics concepts Noida 130+ 12K+ 15M+ into easy - to - understand lessons Headquartered offline centers satisfied students employees • Reached 2M+ follower mark 2019 on YouTube Success strategies of Physics Wallah • Expansion of platform & moved 2020 Digital first approach Focus on profits Freemium model towards application for online lectures Foresaw digital future & Different approach from VC - Offering free educational prioritized their YouTube backed tech companies by videos for students unable to st • Launched 1 offline learning channel over offline prioritizing profitability over afford premium courses 2022 center, PW Vidyapeeth, in Kota expansion rapid growth st • Became India's 101 unicorn startup 2022 • Raised $100 million, which took company Annual Revenue valuation to US$ 1.1B (INR Cr, FY21 - 23) • Launched MedEd app , One - Stop NEET Presence 804.6 CAGR 2023 PG/ NExT Learning Solution ~470% • Offline centre for UPSC preparation 100+ 234.7 • Operates 130 offline coaching centres CITIES 2024 24.6 in 105 cities • Plans to open 50 more offline centers by next fiscal FY21 FY22 FY23 Note(s): Financial data from Tracxn © 1Lattice | 26 Source(s): Company website, Secondary research, 1Lattice analysis
Case study: Lighthouse Learning With 8 brands under its umbrella, Lighthouse Learning has 1,200+ pre - schools & 42 schools across 350+ cities in India Lighthouse Learning is a group of private educational institutions in India which runs a chain of schools and pre - schools Key figures • Started in Mumbai as EuroKids 2001 International with 2 Pre - schools th • Reached 500 Pre - school mark Mumbai 1.2K pre - schools 15K+ 1.5M+ • Expanded to different cities across India 2008 - 09 Headquarter employees students impacted everyday 42 schools st • Launched 1 school, Euro School, at Airoli • Addition of 10 more schools in the coming years in Mumbai, Pune, 2009 - 16 Brands under Lighthouse Learning Ahmedabad & Bengaluru th • Hit 1000 Pre - school mark 2016 • Introduction of Kangaroo Kids, BillaBong High • Introduction of a new curriculum , EUNOIA 2018 - 19 • Acquired by KKR group with controlling stake Annual Revenue (INR Cr, FY21 - 23) • Introduction of Argus & 2020 Presence HomeBuddy to adapt to pandemic CAGR 554.0 ~75% 350+ • Renamed as Lighthouse learning 2021 - 24 293.9 • Partnered with Heritage Xperiential CITIES 179.8 School to expand network • MoU with York College of Pennsylvania (US) to improve learning experience FY21 FY22 FY23 Note(s): Financial data from Tracxn © 1Lattice | 27 Source(s): Company website, Secondary research, 1Lattice analysis
Agenda Indian Education landscape Government initiatives undertaken Tech adoption in Education Study abroad landscape in India Case studies Way forward
Way forward Future overview • India's education market is expected to grow from ~ US $ 117 B to ~ US $ 313 B by 2030 , creating approximately ~ 5 M new job opportunities and benefiting over ~ 429 M learners • The K - 12 segment is expanding rapidly, with ~ 230 M students enrolled in 1 . 46 M schools, highlighting the broader modernization of India's education system, which is improving enrollment and accessibility nationwide • The implementation of the National Education Policy (NEP) 2020 marks a pivotal shift in the educational landscape, aiming to increase the gross enrollment ratio (GER) in higher education from 27 . 3 % to 50 % by 2035 – NEP will promote a transition towards multidisciplinary learning , skills - based education , and greater curricular flexibility, encouraging innovation and creativity in students • India’s Ed - tech market is valued at ~ US $ 7 . 5 B in 2024 and expected to grow at a CAGR of ~ 26 % , reaching ~ US $ 29 B by 2030 , with over ~ 100 M paid users . – The fastest - growing subsegments include skill development , K - 12 education , test preparation, and online certification . – AI and blended learning models are set to revolutionize education, offering personalized and immersive learning experiences , particularly through online platforms and digital classrooms • The Union Budget 2024 - 25 announced a new centrally sponsored scheme to skill 2 M youth over five years and upgrade 1 , 000 Industrial Training Institutes (ITIs) in partnership with state governments and industry – Increased emphasis on vocational education and industry - relevant skills , such as coding, AI, and data science, starting at the school level • Increased collaboration between the government and private sector will improve infrastructure , expand access, and offer diverse educational programs, particularly in higher education • Efforts to bridge the digital gap and provide equitable education across rural and urban areas will be central, with a focus on providing accessible and inclusive education for all learners .
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