According to the census, around 32 percent of a total of 1.1 billion population in India constitutes of children between the age group of 0-14 years. Surprisingly, the number of people requiring education in India is greater than the total population of the USA. Indian education market holds a lion’s share of opportunities hence, delivery of education for both primary and secondary classes coupled with vocational training is pivotal to the education scenario in India.
Further, the size of the education sector is soon expected to reach at 120 billion or even greater till 2020. A sign of substantial progress is explicitly visible with around 10-15 percent added growth in coming years. On the other side, India’s poor rank in education, which is 92 among 142 countries, needs urgent recognition. Another major factor that puts India in the backseat includes its literacy rate, which is 74%, ranking it in the bottom 10 Asian countries. This awakens the need for us to invest in a sector that can not only transform the face of India but can open a broad pathway for future generations as well.
While the current education system involves a huge set of loopholes, there’s a need for innovative private setups to take advantage of the requirement. Mismanagement, Rote-learning based curriculum, demotivated and untrained teachers, a huge gap between teacher and student ratio, lack of required infrastructure and demographic diversities are some flaws in the current system. In such a situation, private players are expected to enter the market as shining armors. MEM’s policies are clearly made as per the need. Technology-enabled education, including skill education as a part of curriculum, teacher and student training, and compulsory quality audits are MEM’s key highlights. Investing in such a demanded sector won’t just thrive one with huge financial benefits but make him a renowned contributor for a bright future.