Education

India occupies a significant position in the global education sector. One of the world’s largest networks of institutions of higher learning is found in India. With almost 27% of India’s population in the age group of 0-14 years, India’s education sector provides numerous opportunities for growth.

The number of colleges in India stood at 42,343 in FY20. As of November 25, 2022, the number of universities in India stood at 1,072. India had 38.5 million students enrolled in higher education in 2019-20, with 19.6 million male and 18.9 million female students. In FY20, Gross Enrolment Ratio (GER) in Indian higher education was 27.1%.

The education sector in India was estimated to be worth US$ 117 billion in FY20 and is expected to reach US$ 225 billion by FY25. The Indian edtech market size is expected to reach US$ 30 billion by 2031, from US$ 700-800 million in 2021.

The online education sector in India is growing rapidly, with growth of US$ 2.28 billion expected during 2021-2025, at a CAGR of almost 20%. Higher education institutes in India are focusing on creating online programs due to the increasing demand from consumers.