How Indian K12 Education market is still lucrative...
Indian K12 segment has managed to strongly hold the grounds for hopeful Investors and Edupreneurs despite negligent reforms coming from MHRD.Sohil Sarkazi
With Government trying to push the baton amidst political turmoils since past 2 decades and entrepreneurs seeking to entwine business models in the landscape, the K12 segment in India has been a dramatic display of various plots, with a definite climax yet to come.
Starting from the Education for All to Sarva Siksha Abhiyan and the Digital Classrooms by private players to the new age Apps in education, its been quite a roller coaster ride. Yes ! its a roller coaster cos every other scheme from Govt has been pushed as a solution to the crisis in education and an education reform, where as that has just been proved to be a gap filling which is imperative in a developing nation. The important thing we need to realize is that we need a reform not just Gap Filling.
While various schemes by Govt have seemed to be promising and definitely have addressed a challenge or two, they haven't been fulfilling to push our educational reforms journey anywhere near to those nations who are excelling in theirs. The private sector also has proven to be infectious in their role to push various reforms in the K12 system. Private players intervention has led to adoption of Digital classrooms - STEM education - Teacher Quality Improvement - Internet in classrooms, these are major changes seen in the segment primarily due to Private sector push.
The government needs to walk a mile ahead when it comes to Education reforms but in our case we are still struggling to make the ends meet. This as a lacuna has created the space for private players to pitch in their solutions and people who can invest in largely on innovative experiments in this vacant space are those hopeful bunch of entrepreneurs who manage to attract millions & billions.
The question is how much and till when?? I leave this open for expert comments :-) !!