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Education Sector in India

India has the world's largest population aged 5-24 requiring education, fueling fast growth in its education sector. The government prioritizes education, allocating 4.6% of GDP and controlling 80% of schools. It aims to increase spending to 6% of GDP. Private sector investment in education technology startups is transforming the sector. However, the COVID-19 pandemic has shut schools for a year, worsening access gaps and causing many students to drop out, losing an academic year of learning and school meals.

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131 views1 page

Education Sector in India

India has the world's largest population aged 5-24 requiring education, fueling fast growth in its education sector. The government prioritizes education, allocating 4.6% of GDP and controlling 80% of schools. It aims to increase spending to 6% of GDP. Private sector investment in education technology startups is transforming the sector. However, the COVID-19 pandemic has shut schools for a year, worsening access gaps and causing many students to drop out, losing an academic year of learning and school meals.

Uploaded by

ritikagupta
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EDUCATION SECTOR IN INDIA

India has the world’s largest population of about 550 million in the age bracket of 5–24
years, which means that the number of people requiring education (both primary and
secondary ) in the country is more than the entire population of US,UK, Germany and
France combined .This enormous figure of 550 million people is fueling the growth in
the education sector, making it one of the fastest growing sectors with an average
growth rate of 7.5%,which is expected to reach $180 billion this year.[1]
The education sector is a key priority for the government as the latter recognizes the
role of a skilled workforce in shaping and accelerating the growth of the economy. It
allocates 4.6% of the GDP to this sector and controls 80% of the total number of
schools in the country, providing education to nearly 113 million children. The
government has set a goal to increase its spending to reach 6% of the GDP in the
coming years. The 12th five-year plan recognized the importance of education, its
widening demand and supply gap and the growing dropout rates and pledges to
allocate more to public sector spending to this sector. The government plays a major
role in this sector and has introduced many reforms and initiatives.
The latest reform “The New Education Policy” focuses more on critical thinking and
practical learning than textbook theories and harnesses the power and future of
technology by introducing subjects like coding and requiring students to do internships
in order to get a view of the real world .the policy aims to change the face of Indian
education that focuses more on textbook knowledge and pressure on exams .
The biggest challenge that will be faced by this sector involves adopting technology to
provide quality education to the masses. The private sector recognizes the potential in
this sector and is investing heavily in different startups leading to its much-needed
transformation. These startups are being widely accepted by their users and are
growing at astronomical rates becoming unicorns (valued at more than $1 billion).
This sector is facing a major setback during the Covid-19 pandemic with schools being
shut for almost a year and the inability of government schools to switch to online
teaching mode, leading to many students from lower economic backgrounds dropping
out and losing an entire academic year. This will widen the gap between people who
cannot access education and those who are switching easily to online learning. The
students, in addition to the missed opportunities for learning, no longer have access to
mid-day meals during this time.

[1] https://www.ibef.org/industry/education-sector-india.aspx
pg. 1

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