Government Initiatives to Aid Growth of India K-12 Market
Rising
income levels, growing willingness to spend on quality education & enhanced
affordability and increasing penetration of digital learning to drive India K-12
market through 2024
According to a report released by TechSci Research, ‘India
K-12 Market By School Type, By Curriculum, Competition, Forecast and
Opportunities, 2014 – 2024’, India K-12 market is anticipated to register growth
at a CAGR of over 0.29% during 2019-2024 on account of increasing awareness
about quality education across the country. Moreover, surging income levels,
growing willingness to spend on quality education and rising awareness towards
importance of education further driving growth in the market. Additionally, government plays an important
role with their initiatives to modernize the sector to enhance affordability
and improve quality education. Also, increased penetration of e-learning and
m-learning modules has facilitated the market over the last few years. However,
the share of private schools has been increasing due to growing awareness about
importance of quality education. The involvement of private sector has
undoubtedly helped raise the general level and variety of educational
opportunities.
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TOC on "India K-12 Market" https://www.techsciresearch.com/report/india-k-12-market/4182.html
Among school type, government/public schools dominate India K-12 market.
In regions, West and East regions are the leading regions in the India K-12 market. Both the regions are expected to
experience sustainable growth during forecast period as well owing to increasing
penetration of private schools in these regions pursuing high demand for
quality education and enhanced affordability.
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“India K-12 market is
gaining significant amount of monetary support from government and private
institutions under various schemes and programs resulting in upgradation of
education infrastructure across both rural and urban regions. Additionally,
reforms such as New Education Policy (NEP), foundation of Eklavya schools, etc.,
introduced by the government in order to promote girl education and provide
equal opportunities for all are positively influencing the market. Moreover,
technology advancements in the methods of teaching such as smart classes, digital
modules like e-learning, etc., have also made learning more easier and
interactive for students, which is anticipated to exhibit an immense scope for
India K-12 Market.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management
consulting firm.
“India K-12 Market By School Type, By Curriculum,
Competition, Forecast and Opportunities, 2014 – 2024” has evaluated the future growth potential of K-12
market and provides statistics and information on market structure, size, share
and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers to take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in India K-12 market.
About TechSci Research
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rather than follow market trends.
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