Indian education sector is witnessing a spectacular growth year by year and is poised to achieve a remarkable size of $5.7 billion by 2020. There is a plethora of business opportunities that emerges in the sector every now and then. Investors are keen to spend their money on different segments including preschools, K-12 schools and higher and vocational education, distance learning, online learning platforms to name a few.
But what is it that makes education sector worth investing a huge amount of money by the investors? Here are various reasons that reveal why education sector has the best business ventures to start.
Government Initiatives in the field of Education
Indian government has always been working rigorously to encourage education sector. Various initiative taken by government have always worked in the favor of the education sector, be it the ‘Right of Children to Free and Compulsory Education’ Act, PM’s research fellowship, and many others.
Also, there are a lot of things that could be worked out in the favor of education sector, which could only be done by the government. For example, the alarming drop rate of children from schools is something that needs to be tackled by the government. To resolve this situation, a safer and comfortable space is needed to be provided, and for this reason, education sector and government must join hands. The new initiatives and investments by government could open doors for budding entrepreneurs in education sector.
‘Old-School’ Practices
The education sector in India has incorporated a few changes in the technology but it has still not shown a significant change in its ‘old-school’ practices. A lot of digitization has happened in the sector but the school system has an essence of traditional values with blackboard teaching ways. There are not much transformational changes. It’s high time that the old school practices in schools and colleges need to get a permanent break, and technological interventions on the school level. In this way, the Indian education sector gives a lot of scope to budding entrepreneurs as well as policy makers to reinvent the scenario of education.
Vast Ocean of Business Ideas
The education sector is not just confined to brick-and-mortar, nor is it just about online education platforms. The radar of the business opportunities is very wide. Ranging from the trivial essentials such as uniforms, textbooks, stationery to big publications, education sector is a vast ocean of business ideas that are highly rewarding.
Also, with the help of technology, e-Commerce and better logistics management, the sector has got a great help to even expand further. Therefore, an investor interested in investing their money on any of these business opportunities would have immense potential to get higher returns.
