India’s online higher education market to grow 10x in next 5 years

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New Delhi, May 17 | Buoyed by the continuous remote learning amid the pandemic, the online higher education market in India will grow 10 times over the next five years to reach $5 billion by the financial year 2025, a new report said on Monday.

The market will grow driven by new reforms set forth, including the increase in public spending (targeted at 6 per cent of the nation’s GDP), relaxation in regulations governing degrees, supply side capacity gaps, need realisation among students and professionals and transition to credit system, according to Bengaluru-based market research firm RedSeer.

Edtech was one of the main sectors which saw a huge boost after the pandemic.

According to the report, India’s online higher education and lifelong user base will grow at a CAGR of 50 per cent till FY25.

“A key indicator of any industry remains the growth user base. In this case, the user base consists of the students and other categories including professionals with varying experiences, entrepreneurs among others,” the report mentioned.

In India, it is expected to grow from 90 million individuals in FY20 to 133 million individuals by FY25.

The paid users are expected to increase from 1.2 per cent to 8.1 per cent in the next five years.

After schools and colleges shut and lakhs of people lost jobs, many enrolled in online courses to upgrade their academics as well as learn new technologies to grow in their careers.

“The industry though has been seeing a gradual growth over the years, it received a major boost post pandemic. India has been showing strong growth in the edtech sector, a similar trend like China,” the report said.

China has shown significant market potential in the edtech sector over the last years.

The market stood at $250 million in FY20 and is expected to grow upto $295 million by FY25.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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