It seems to be necessary to overview the profile of the Indian education system by diving into its depth on looking at its complete structure with academic institutions, quality assurance mechanisms, grading practices and so on. This could be an essential job to analyze and recommend or outline any educational reform if required to the rhythm with time flow. India holds an essential position in the global education industry. Our country, India connects widely to the higher education networks with about 260 million students enrolled in more than 1.5 million schools and around 39000 private colleges. The education status of India is observed to be elevating in current years and is presenting itself as a lucrative opportunity for monetization. Unfortunately, Coronavirus has thrown the entire world into such tumultuous situations which everyone could not brave. Many well-established sectors failed to cope with the intense pressure and uncertainties brought about by the pandemic. It was actually beyond the thought that something so hard and so harsh could exist that no one anywhere in the world could confront it. In this time of distress edtech and eCommerce somewhere somewhat proved to be a ship to take us to the shore. We can say that the disgraceful Corona moment was somehow seen gracing the Edtech and eCommerce industries. Edtech, a new trend running with a remarkable pace was again stirred up with an extra momentum in present Covid times ultimately giving way for the sector’s massive expansion. According to research, India’s edtech market is a booming industry and set out to grow by 3.7 times in the next 5 years, from $2.8 billion to $10.4 billion in 2025.
For a long time, the education system of India was flowing with the old traditional styles wedded with the ‘factory model’ approach which means entitling it with a familiar and standard methodology for everyone. Marginalized classroom-based education is seen entertaining a single criterion of neutral methods and an average pace of learning that suits all students well. This model hardly gives any scope for personalised learning which sometimes seems essential for some. This was the time for Edtech companies to develop their standout features and transform the education and learning scenarios. Edtech companies with their core to become a more adaptive alternative have served several lucrative opportunities in such demanding times. It helps students to enhance their knowledge and even clear their doubts through online learning portals, programs and institutes. Edtech companies also offer many industry-relevant courses, such as many short-term certification programs and long-term undergraduate and postgraduate programs. Many edtech companies such as Doubtnut, Byjus, Brainly, Epic also collaborate with some top national and international universities to offer various online programs. Edtech platforms even offer a perfect solution to update professional skills. The most outstanding feature of edtech is its accessibility at your own convenience.
With its rapid inclination towards digitalization, India has promoted edtech and stabilized it with a reputed and irreversible post. Around 4,450 edtech startups have been launched in India in the current years and are likely to cater to more than 37 million paid users. According to one research by 2022
India will have half a billion new users (NHB) and among those will be the aspirer segment comprising many occupations such as small shop owners, vegetable vendors, domestic helpers, plumbers etc.