2021 marked a paradigm shift towards EdTech and the trend is strengthening in 2022

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Kota, Rajasthan, India (NewsView)

Indian Education Industry from a Budget Perspective by Mr. Nitin Vijay, Founder and MD, Motion Education Private Limited, Kota, Rajasthan, a renowned EdTech company, which prepares students for JEE, NEET, NTSE, KVPY, Olympiads and other competitions in India. Pedagogue, Mr. Nitin Vijay is an alumnus of IIT, BHU, an engineer turned entrepreneur who excels in blended learning models.

The pandemic has hit Indian students who have been under immense pressure for the past two years and they are seeking relief from both the harrowing health situation as well as the uncertainties of their schools and colleges. According to some estimates, more than 247 million students have been unable to attend school due to the COVID calamity. In the context of the gross enrollment rate, which is 27.1% for higher education and 51% for upper secondary levels, the situation of the education sector is far from ideal.

The Union budget presented earlier this week proposes to drastically reduce these concerns and sets out a long to medium term perspective to further strengthen the country’s teaching and learning infrastructure and education delivery systems. . while the budget allocation is not close to the six percent of GDP recommended by the NEP (New Education Policy), it nevertheless results in an increase of more than rupees. 11,000 crore or about 12% from the previous year. Given the imperatives of balanced budgets and the various constraints of an ambitious and growing economy, this limitation is not so difficult to accept and understand.

Going forward, EdTech and skills are set to become two priority areas for the education sector, both of which hold great promise for investors and policymakers and have the potential to change the lives of our millions of students. Digital skills, both among teachers and students, will need to be increased if the gap between the more fortunate and less privileged students is to be bridged. While it is true that various government and private initiatives are being proposed to improve education in India, the fact remains that to reach the market potential of $225 billion by 2025, the education sector education will have to fire on all six cylinders. For this, technological interventions such as better broadband connectivity, improved infrastructure through 5G and the availability of satellite broadcast systems will play a major role. The creation and dissemination of content in regional languages ​​with a focus on primary and secondary education will also strengthen the education segment in India.

The main growth directions that can be envisioned for the education sector in India are as follows. First, India should become a global leader in EdTech given China’s limitations in this regard. Secondly, with the emphasis on quality higher education institutes and the presence of world-class organizations such as IISc and IIMs as well as IITs, India can be a superpower in providing skilled talent worldwide. As an opportunity for investment and partnership, India’s education sector now offers ample room for the best in the world, both for national growth and for global consumption.

Easy and efficient access to quality education, distance learning methods and pathways, cost-effective and professional courses, empowerment of the poor and disadvantaged through seamless learning measures and reduction of the burden of unnecessary lessons for children and their guardians, are some of the concerns facing the education sector. The sooner we deal with this, the sooner India will be on the road to true self-reliance.

Please visit www.motion.ac.in.

Image: Mr. Nitin Vijay, Founder and MD, Motion Education Private Limited, Kota, Rajasthan

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