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 48th out of 112 countries in English Proficiency Index 2021.
* 12 Indian schools, including the Indian Institute of Science (IISc) in Bengaluru and six Indian Institutes of Technology (IITs), were among the top 500 universities in the QS Graduate Employability Rankings 2022.
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-March 2022, FDI equity inflows stood at US$ 7.72 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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