Even as the pandemic has precipitated an unprecedented jump in online education and job upskilling uptake in the country, India is soon to become a USD 313 billion online education market. This was revealed in a report titled Investing for Impact: Education, Skills &EdTech and released by Aspire Circle, the foremost Impact Leadership champion and advocate in the country.
Setting out 10 disruptive investment ideas which can bring about a transformational change in the way Indians receive their education as well as post-education skilling and training facilitated and catalysed by new-age educational and training technologies – the report points a way forward for developing and building human capital in keeping with the needs of the 21st century education and job market. The ten ideas which have been identified in the report can be spelled out as the following sub-segments:
Technology-enabled K-12 Education; Online Test Preparation Platforms-led Inclusion & Affordability;Supplemental & Extra-curricular Education;Teacher Training & Development; Affordable Education Loan Platforms; Gig Economy & Unbundled Microtasking; Affordable Student Housing; Innovative Finance in Education & Skilling; Micro and Alternative Credentials for Employability Skills and Social and Emotional learning.
“The Top Ten Ideas in 21st century education and skills lie at the intersection of technology and impact. India’s Education & Skills market will grow 2X this decade, from $180 billion in 2020 to $313 billion in 2030, while creating 5 million incremental jobs and impacting 429 million learners”, said Amit Bhatia, Founder of Aspire Circle & Creator - Impact Future Project.