India has the world’s largest population in the age bracket of 5-24 years of about 500 million people, which provides a great growth opportunity for the education sector. The education sector in India was estimated to be worth US$ 117 billion in FY20 and is expected to reach US$ 225 billion by FY25.
India has over 250 million school-going students, more than any other country.
Number of colleges in India reached 42,343 in FY20. As of May 17, 2021, the number of universities in India stood at 981.
In 2021-22, as of February 2022, there are 8,997 total AICTE approved institutes in India. Out of these 8,997 institutes, there were 3,627 undergraduate, 4,790 postgraduate and 3,994 diploma institutes.
ICAR is one of the largest national agricultural organisations in the world. It has 122 institutes and 67 agricultural universities across India, as of July 2021.
India had 38.5 million students enrolled in higher education in 2019-20, with 19.6 million male and 18.9 million female students.
In FY20, Gross Enrolment Ratio (GER) in Indian higher education was 27.1%.
According to UNESCO’s ‘State of the Education Report for India 2021’, the Pupil Teacher Ratio (PTR) at senior secondary schools is 47:1 as against 26:1 of the overall school system.
The Indian edtech market size is expected to reach US$ 30 billion by 2031, from US$ 700-800 million in 2021.
According to KPMG, India has also become the second largest market for E-learning after the US.
The online education market in India is expected to grow by US$ 2.28 billion during 2021-2025, growing at a CAGR of almost 20%. The market grew by 19.02% in India in 2021.