WHAT’S DRIVING EDTECH INDUSTRY IN INDIA?
Introduction Over the past two three years there has been a rapid growth in edtech sector with firms attracting investors for fundings. There are numerous unicorn startups in the sector with huge valuations exceeding $1 billion. Bu the key question that arises is what are the factors that are driving the rapid growth of edtech sector in India. Let us try to understand why this sector is becoming so lucrative. Availability & affordability of internet and mobile devices India has one of the most economical data charges in the world which has led to the penetration of internet and mobile phones even in the rural areas of the country and has revolutionised the way people interact and access information for learning and growth. Lower data charges and rapid penetration of mobile phones has been a significant factor in the boom of edtech industry in India. Covid-19 Pandemic Covid-19 has catalysed the rapid development of online education. Lockdown has led to the growth in propensity of