2024-06-24
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Study Abroad
Edtech in India: Boom, bust, or bubble?
Is Edtech in India a bubble about to burst?
Edtech in India: Boom, bust, or bubble?
The Indian edtech sector experienced a boom during the COVID-19 pandemic, becoming the second-largest market globally. However, as schools reopened and competition intensified, the sector faced a downturn, with funding drying up and mass layoffs. Despite this, edtech companies are adapting by expanding their offline services, indicating resilience. The potential of AI in education and the focus on hybrid learning models offer new opportunities for growth. The implementation of the National Education Policy 2020, emphasizing tech-enhanced learning, could further drive the sector's revival. Overall, while the edtech bubble may have burst, there are signs of recovery and innovation, suggesting a promising future for the industry in India.
