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