Education Industry in India

Home/Industry Expertise/Education Industry in India

Education SECTOR OVERVIEW-2020

Statistics, news & updates: everything you need to know about the Education Industry in India


  • Summary
  • COVID-19 Impact
  • Industry Clusters
  • Growth Drivers
  • Key Players
  • Market Stats


India holds an important place in the global education industry. India has one of the largest networks of higher education institutions in the world. However, there is still a lot of potential for further development in the education system. At present, India has the world’s largest population of about 500 million in the age bracket of 5-24 years. Therefore, this provides a great opportunity for the education sector. Not only this, the country has become the second-largest market for e-learning after the US. Key drivers for the growth in education industry are increasing disposable incomes, awareness and government policies like Skill India, EBSB, SANKALP, STRIVE, PMGDISHA. Ancillary policies include Beti Bachao and Beti Padhao Yojana.


Covid Impact

The educational sector was severely impacted in the aftermath of the global crisis caused by the COVID-19 pandemic in 2020. With educational institutions closed indefinitely, smart learning technologies have completely transformed the learning methodology. Digital learning has become the new norm! Challenges faced by the education industry:
  • The new online educational trends have had a significant impact on underprivileged students who do not have access to the internet. It was nearly impossible for them to continue their education.
  • Many parents are unable to afford online education because they have experienced wage reductions or job loss as a result of the pandemic.
  • Due to a lack of experience and a lack of effective ways for interaction, this abrupt change in teaching-learning methodology has caused confusion among educators.
Around 32 million students were unable to transfer to new schools or colleges, and all educational activities in India were halted. According to the UNESCO report, around 14 crore and 13 crore studentΒ  of primary and secondary level respectively were affected due to pandemic in India. Diksha, e-Pathshala, National Repository of Open Educational Resources (NROER) portals are some of the government initiatives that is providing some relief to the students. However, this digitization of education is expected to stay even after the pandemic as it has become the new normal. Thus, the statistics below are taken from Industry data available pre-Corona virus impact.Β 

Growth Drivers

  • Consequently, increasing disposable incomes and willingness of people to spend on education is a key driver for the Indian education industry
  • Conversely, the huge demand-supply gap has created additional requirements. Up to 200,000 schools, 35,000 colleges, 700 universities and 40 million seats in the vocational training centres are required to fill in the existing gap.
  • It is generally observed that the large English-Speaking population allows easy delivery of educational products. Therefore, India ranked 34 out of 100 countries in English Proficiency Index 2019
  • However, the largest population of about ~500 million lies in the age bracket of 5-24 years. This also presents a large number of opportunities in education space.
  • Accordingly, as per the Union Budget 2019-20, under the Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA), over 2 crores rural Indians are taught digitally.
  • Not to mention, the other major initiatives by government are Skill India and Pradhan Mantri Yuva Yojana.
  • In addition to, the Government has also laid the foundation of 141 universities and 7 IITs in the past four years.
  • Private Indian players are collaborating with international brands to provide international standard quality education. Therefore, increasing awareness.
  • In 2019, Unacademy, an educational technology company based in Bangalore, received PE investment of US$ 50 million.
  • Udemy, a US-based online learning marketplace, has entered India with an employee hub at Haryana.
  • Last but not the least, Shagun, an online junction for school education has been inaugurated by the Ministry of Human Resource Development.

Market Stats

  • Moreover, the education sector in India estimated at around US$ 91.7 billion in FY18 and expects to reach at US$ 101.1 billion in FY19.
  • On the other hand, India has also become the second-largest market for e-learning after the US. Consequently, the sector is expected to reach US$ 1.96 billion by 2021. Overall, we see an increase of around 9.5 million users.
  • A combination of online learning and games, is expected to grow by up to 38 per cent in the next 2-4 years.
  • Interestingly, India has over 250 million school going students, more than any other country.
  • A total number of colleges and universities in India are 39,050 and 903, respectively in 2017-18.
  • India had 36.64 million students enrolled in higher education in 2017-18.
  • The Government has allocated the expenditure budget for higher education is US$ 5.4 billion.
  • On the other hand, for school education and literacy of US$ 8.08 billion.
  • The government provided US$ 51.23 million for β€˜World Class Institutions’ for FY 2019-20.
  • Above all, the total amount of Foreign Direct Investment (FDI) inflow into the education sector in India stood at US$ 2.47 billion from April 2000 to March 2019

Map – Industry Clusters

Key Players in India


  • Delhi University
  • IIT’s
  • Delhi Public School
  • Vidya Bharati Schools
  • Educomp Solutions
  • NIIT Limited


  • Udemy
  • University of Michigan
  • University of Cambridge
  • Imperial College
  • Yale University
How we can help you

Contact Us For More Case Studies

    Case studies of Specific IndustrySpecific query about industry or M+V services

    I have read the privacy policy and my data can be used for registration and communication.

    Yes, I agree

    Clients Speak

    LI Ping HR Director /BHS Corrugated Machinery(Shanghai) Co.Ltd

    Strong support in recruitment
    M+V is very professional in India HR market. They were able to provide us with strong support in our recruitment. We are satisfied with their service.

    Falk Tzchichholz Sales Manager Export /Kjellberg Vertrieb GmbH

    Incubation solution
    With the incubation solution from Maier + Vidorno , we successfully placed our products in the Indian market and established valuable product market presence, which we can now build on further with our subsidiary

    Andreas Dauerbock Quality Assurance /Voestalpine Grobblech GmbH

    BIS registration project
    The BIS registration project went smooth and efficient. We are very satisfied with the way the documentation, communication and inspection on-site was handled from the Maier+ Vidorno Team. We are happy to recommend working with M+V in India - with the expert's advice you will need.

    Rajesh Nath Managing Director /VDMA India Services Pvt Ltd German Engineering Association

    Competent Partner
    India has great investment potential for foreign companies if you manage the highly complex business environment professionally. Our experience shows - Maier+Vidorno is a competent partner to efficiently set up and run business.

    Bjoern Becker Export Sales /Jumo GmbH & Co KG

    Market Presence and Profitability
    The cooperation of JUMO and Maier+Vidorno is a success story in India since 2008. Our sales, market presence and profitability in India shows constant growth. M+V knows about the challenges foreign companies face while doing business in India - and provides hands-on solutions.

    Rene Pluss CFO, Member of the Board /Regent Beleuchtungskorper AG

    Business Diagnostic and Implement Improvement
    Maier+Vidorno understands business challenges in the Indian business environment and provides solutions with the help of its experts. M+V has experience in running business diagnostics and implement improvement and expansion strategies in various industries in India.