Education Employability and Entrepreneurship
There will be a hybrid mode of education even when the schools open in future: Vinay Sharma, S Chand and Co.
24 Jun 2021
Since the global pandemic has already affected the education domain massively, what is your opinion on the future of the education sector in 2021 and beyond?
With Covid continuing to wreak havoc, the schooling system is one of the most affected sectors with schools now closed for almost a year. Given the intensity of the current wave, it appears the situation will not change much for at least a quarter. In the current scenario, most of the schools, teachers, parents, and students have turned to technology to ensure teaching and learning continues in this environment. Learning apps have seen huge traction during this period with multiple apps helping in different ways.
Year 2020 was a golden year for the edtech sector, it proved to be a catalyst in its growth. This is evident in Indian edtech startups seeing massive investments – a total investment of US$ 2.22 billion in 2020 as compared to US$ 553 million in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data. The edtech market is estimated to grow 3.7 times in the next five years, from US$ 2.8 billion (2020) to US$ 10.4 billion (2025), at 14 per cent CAGR over.