In FY20, India’s education sector was forecast to be valued at $117 billion; by FY25 it is expected to reach $225 billion. The size of India’s edtech sector is expected to reach $30 billion by 2031, up from $700-800 million in 2021. India’s online education market is expected to reach $2.28 billion by 2021-2025, with a CAGR of about 20 percent.
Today, this budget is crucial for establishing a world-class educational infrastructure in the country, upholding the right to education, promoting skills in urban and rural areas, providing equitable scholarships and transforming India into a global center of excellence.
While India’sAmrit Mahotsav’ of independence and the next 25 years will determine the fate of the country, this year’s budget will determine the country’s priorities for the future.
(Dr. Brajesh Kumar Tiwari is Associate Professor at Atal Bihari Vajpayee School of Management & Entrepreneurship (ABVSME) & Jawaharlal Nehru University (JNU))