As of 2021, the size of the Indian education market was estimated to be around $91 billion. However, it is expected to grow significantly in the coming years, with some projections estimating it to reach over $100 billion by the end of 2023.
The Indian education market is divided into several sectors and industries, including:
K-12 Education: This segment includes private schools and pre-primary schools, and is estimated to be worth around $40 billion.
Higher Education: This segment includes colleges and universities, and is estimated to be worth around $30 billion.
Online Education: This segment includes e-learning platforms and online tutoring services, and is estimated to be worth around $1.5 billion.
Test Preparation: This segment includes coaching and training institutes for competitive exams, and is estimated to be worth around $2 billion.
Educational Publishing: This segment includes the production and distribution of educational books, and is estimated to be worth around $5 billion.
These figures are rough estimates and may vary depending on the source. The actual size and revenue of the different segments of the Indian education market may also change as the industry continues to evolve.