India has roughly 1.5 million schools, 38,000 colleges, and 760 universities as per MHRD. This translates into one school per 200 school-goers and one college per 3,700 college-goers. According to a report by management consulting firm Technopak in 2016, India’s education market is valued at $100 Bn while the digital learning market is estimated at $2 Bn. The report also said that the digital learning market is expected to reach $5.7 Bn by 2020 as the number of internet users is increasing.
Many edtech startups today are leveraging the increasing literacy rate coupled with increased internet penetration. These startups are trying to address the most important issue faced by the Indian education system, which is the lack of upgrade. By bringing in technology, these startups are trying to bridge the gap between rural and urban India as well.
Samsung-backed TagHive recently launched an AI-powered classroom engagement solution, Class Saathi, to make tech-based learning accessible and affordable for schools in rural India with little or no infrastructural investments. The Central Board of Secondary Education (CBSE) also partnered with Microsoft India and IBM to focus on tech reskilling for teachers and AI curriculum in schools. Through this, CBSE will be conducting capacity building programmes for high school teachers with an aim to integrate cloud-powered technology in K12 teaching and inculcating digital teaching skills in educators through the curriculum as well as extra-curricular training.