Education market overview?
India is one of the fastest growing economies of the world with an anticipated GDP of 8 trillion by 2030. The population has a median age of just 32 and is one of the youngest nations across the globe. With almost 50,000 students arriving in 2022, India is now Australia¡¯s second largest source of international students . You¡¯ll find many welcoming cultural groups in our campuses and communities, including the Australia-India Council.
India has the third largest education system in the world with over 40 million students enrolled across a dynamic network of over 60,000 institutions, encompassing universities, colleges, and specialized centres. Nearly 140 million individuals fall within the college-going age bracket, propelling the Indian Higher Education system to become a substantial global contributor, producing approximately one out of every four graduates worldwide.
The pandemic shifted education delivery online at all levels (K-12, higher education, VET, corporate learning) and the Indian edtech market is expected to reach US$10.4bn by 2025, from US$2.8bn in 2020.
India¡¯s reformative National Education Policy proposes several changes to modernize the education system and benchmark it against the best global standards With millions of students enrolling annually, India¡¯s higher education sector is experiencing remarkable year-on-year expansion, not only disseminating knowledge among its citizens but also significantly contributing to the advancement of global intellectual growth