Moneymaking Ways to Invest in India’s Education Industry
India has a long history of knowledgeable intellectuals who served humanity with the help of their education. Being an important thing for development, education is being passed to generations through their predecessors. Teaching and sharing knowledge is considered one of the most sacred ways to serve society.
Over the last several decades, education has increasingly become a business model rather than a social service. As a result, India's education industry was estimated at US$ 91.7 billion in 2018 and is projected to reach 225 billion USD by FY2025. Nonetheless, there are numerous ways to make hay while the sun shines; we have mentioned a few of them here.
If you think starting an Edtech business as a whole is a daunting task and not your piece of cake, you can go for starting an online course. Creating an online course will not only be cost-effective but will give you large profits effortlessly.
It solely depends on you what type of course you create, but following the trend will boost the chances of your success.
Open a Training School
As the technology evolved, students began to understand the importance of education. The school dropout rate is continuously falling and Kerala is leading the segment with the lowest dropout rate in India at 0.11 per cent in 2019-20.
Contrarily, there is still a lot of improvement needed. Students leaving the schools should understand its importance and the government should also take the initiatives for the same. In the meantime, it's up to the government and students who are leaving school, but you as a businessman can provide them with good post-school training by opening a training school. This will not only help them survive the rising inflation but also contribute to the nation's economy.
Get Into EdTech
Availability of internet service and lockdown in India turned the tide of online education in the country. Due to these two factors, traditional education has been almost displaced by online education. It was also reported by Klynveld Peat Marwick and Goerdeler (KPMG) that India has become the second-largest market for e-learning after the US. In 2016, the sector had 1.6 million users and a market value of US$ 247 million. By 2021, the industry is expected to have US$ 1,96 billion in revenue with about 9.6 million users.
A sudden growth is observed on various platforms such as Unacademy and BYJU's. Unacademy ranked number one on LinkedIn’s list of 25 top start-ups in 2021, while raising USD 440 million funding through investors. BYJU’s as the world's most-valued Edtech firm with a valuation of USD 16.5 billion, acquired Gradeup, one of India's leading online exam preparation platforms. Considering these numbers, you can simply start an Edtech Start-up to make money in this ever booming sector.
Franchising is not only a great way to satisfy your entrepreneurial needs but is also a highly profitable endeavour. It has the lowest risks, is profitable, and most importantly, is easy to do. Any brand seeking to expand itself in new areas looks for people willing to join them. You as a nascent entrepreneur can go to them and buy a pre-established business in one go.
Buying a franchise is as easy as buying any other things online. You can simply visit Franchise India’s website and choose a franchisee of the desired brand. The rest depends on the franchisor. Most franchisors provide help with finding locations and marketing the business initially. In addition, they offer training for brand maintenance.
K12 and Higher Education
With more than 250 million school-age students, India is one of the best places to invest in K12 education. For the Department of School Education and Literacy, the Union Budget 2021-22 allocated Rs. 54,873.66 crore (US$ 7.53 billion). Opening a School can help you to truncate large profits from this emerging market.
Talking of higher education, India has more than 981 universities, which provide education to more than 37.4 million students. It creates a lot of opportunities for the people having the skills and can provide both pedagogy and consultancy services to the students.