Back in 2020 when the world came to a standstill, no one expected that the need to revolutionize education would be this urgent. The immediate virtual foundation that EdTech was able to create introduced a wave of technology that encourages every member involved in the education dynamics to upskill and empower themselves.
Last year, the Union Budget honoured the exponential rise of EdTech sector by allocating funds of ₹40,828.35 crores for higher education while a fund of ₹63,449.37 was granted for school education and literacy. Although this seems great from the macro perspective, there still are some challenges EdTech faces on a micro-level, which the sector hopes will be covered in the Union Budget 2023 set to be announced by Finance Minister Nirmala Sitharaman on February 1, 2023.
One of the key aspects that the EdTech industry is looking forward to being addressed is the need for technological infrastructure in small cities and towns. Tier 3 and Tier 4 cities still struggle with online education due to tech-based infrastructure challenges. Lack of good internet speed, digital devices or computer systems stands as a big challenge for online courses. The EdTech industry expects the government to make these services accessible to all. The industry also demand lowering of GST on online learning. Read More