Advantage India
Robust
Demand
* India has the largest population in the world in the age bracket of 5-24 years with 580 million people, presenting a huge opportunity in the education sector.
* India has over 250 million school going students, more than any other country.
* Applications for the ‘Study In India' programme increased by 146% in 2021.
Competitive
Advantage
* Large English-speaking population allows easy delivery of educational products. India was ranked 52nd out of 111 countries in the English Proficiency Index 2022.
* Nine Indian institutes - the Indian Institute of Science (IISc) in Bengaluru and eight Indian Institutes of Technology (IITs) - were among the top 500 universities in the QS World University Rankings 2023.
Policy
support
* 100% FDI (automatic route) is allowed in the education sector in India.
* The Government of India has taken initiatives like National Accreditation Regulatory Authority Bill for Higher Educational and the Foreign Educational Institutions Bill.
Increasing
Investments
* The education market in India is expected to amount to US$ 225 billion by FY25.
* From April 2000-June 2022, FDI equity inflows stood at US$ 7.92 billion.
* Indian edtech startups have received total investment of US$ 3.94 billion across 155 deals in FY22.
* In June 2022, edtech platform PhysicsWallah became India’s 101st unicorn by raising US$ 100 million in a Series-A funding round from WestBridge Capital and GSV Ventures, valuing the company at US$ 1.1 billion.
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MORETop Indian cities for Education
- Bengaluru
- Mumbai
- New Delhi
- Hyderabad
- Chennai
- Manipal
- Kolkata
- Pune
- Kochi
- Ahmedabad
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