What does one call a growth of eight hundred percent in four years? Exponential? Phenomenal? Trailblazing? Adjectives aside, the fact is that online education in India, the world’s fastest growing economy among countries whose GDP exceeds $50 billion, is set for the kind of growth that could fit into any of the descriptions made above.
That online education in India is set for enormous numbers should ordinarily not surprise anyone. We have all that it takes to make something like this a success:
Huge population in the learning age: We all know that India has more than one-sixth of the world’s population (1.3 billion out of 7.6 billion). While this in itself is very notable and is something that will have marketers and investors drooling; what is more important is this: a whopping two fifths of the entire Indian population is under the age of 20. An amazingly high number of adolescents make up India’s population: In 2011, UNICEF India estimated that one in every five adolescents in the world is an Indian, which means that nearly a quarter of a billion people in the country is an adolescent, in the ripest learning age. This is a very huge focused market size by any stretch of imagination.
Adaption of technology: Another major advantage India brings is the prowess it has in technology. India’s IT strength is a major factor in the world of technology today, and we are being modest in saying this. As more and more people move into IT and adapt technologies with ease; the prospects of use of technology for a number of areas such as education are huge.
Huge online education resources: A supplementary factor in online education is that fact that India has an appetite for building up resources related to online education. An offshoot of the technologies at which Indians have shown a high degree of adaptability; the www is flooded with innumerable websites pertaining to online education in India. This makes access to any information related to online education a lot easier than through the traditional offline medium, hastening the push towards a decision about taking up online education courses.