India enrols 70 million students, making it second largest market after US
India’s EdTech higher education sector is projected to witness an average annual growth of more than 18% to reach Rs.232,500 crore by 2025, says a ResearchAndMarkets report.
Currently, the sector reports spending of over Rs.46,200 crore, according to the report “Assessment of India’s EdTech Sector 2023″.
India, one of the biggest EdTech higher education systems globally, enrols over 70 million students, the report said on 11 Jan 2023.
Also, over the past 20 years the country has created an additional capacity for over 40 million students.
India is the second largest market for e-learning behind only the United States while having an internet penetration of just 16% as compared to 84% in the US.
The EdTech market is expected to reach US$10.4 billion by 2025. Currently there are more 4,450 edtech startups in India, assisting approximately 300 million school students.
The unicorns in the sector include Byju’s, Eruditus, Unacademy, PhysicsWallah, Lead, Upgrad, and Vedantu. fiinews.com
