Ed-tech is a combination of IT tools and educational activities that aim at providing better education and better learning. It aims at providing a better environment to learn, adapt and create more engaging and time-saving sessions.
In today’s time classroom has moved beyond old teaching methods
The number of ed-tech startups during the year 2014-19 was around 4500 startups.
The pandemic has been a blessing for the ed-tech industry, as we saw a huge rise in the number of students using educational technology.
Another benefit of the Edtech industry is it enables providing individual planners for everyone because everyone has got a different pace of learning.
Due to this teachers believe that this industry will grow for the next few years as it fits everyone’s interests.
The ed-tech has also helped the students to get access to education 24/7.
It also helps in building personalised plans for every individual.
The ed-tech industry’s growth can be categorised in 2 ways – prior covid times and post covid times, this industry has been slowly growing in the prior covid stage but in the post covid stage many people registered as edtech startups, it saw a huge rise in numbers.it was expected that there will be an increase in the budget.
In this budget, we saw an increase of 11,054cr from last year’s budget The budget for this year’s budget is around 1,04,278 cr.
There have mixed opinions from the ed-tech industry leaders –
Sumeet Mehta, Co-founder & CEO, LEAD- Overall, this has been a progressive budget as it accelerates the government’s efforts towards inclusive and sustainable development. As an educator, I welcome the emphasis on creating digital and free-to-air channels of education. However, at the same time, the budget appears to circumvent physical schooling. I sincerely hope that is not the case. While online learning was inevitable due to the Covid-19 pandemic, it would never be as effective as offline learning, which brings out the best in students in terms of learning outcome and performance. Online education can at best only play a supplementary role in education. I would have also loved to see a greater focus on improving the teaching and learning processes in our schools vis-a-vis infrastructure and tech-enabled curriculum. Going forward, I hope there will be policy changes in that direction.”
Vamsi Krishna, Co-founder & CEO, Vedantu –The COVID-induced gap in learning needs to be addressed on priority, and EdTech platforms should continue to ensure that students receive uninterrupted learning in such challenging times. By providing students easy access to quality learning, this year’s budget lays a clear emphasis to reduce the gap between students in remote areas and education. Initiatives such as the ‘One Class One TV Channel’ and the E-Vidya scheme is welcome to move that will drive impact at scale and bridge the language divide amongst students from small-town India. We believe that this budget rightly aligns with our vision of democratizing education by providing students access to high-quality learning, improving learning outcomes, and thereby contributing to a vibrant knowledge economy.”
Byju Raveendran, Founder & CEO, BYJU’S – India is now ready to shift from tech-enabled education to tech-inclusive learning. This requires a long-term commitment by all stakeholder groups towards the pursuit of creating a learning society, which will then create the world’s strongest knowledge economy. The illiterates of this century are not those who can’t read or write but those who cannot learn, unlearn and relearn.
Work is Worship 