The Economic Survey 2024-25 recognized the urgent need for skill development to equip the workforce amid technological advancements. The survey also indicated that 75 million jobs globally are at complete risk of automation due to developments in the field of AI. This calls for an urgent need to shift the focus from job creation to upskilling and reskilling the workforce with industry-relevant expertise.
Lifelong learning has become essential to meet the ever-evolving industry requirements. Education companies are at the forefront of fostering a culture of continuous learning, ensuring India’s workforce can adapt to new challenges and seize emerging opportunities. The education technology sector is experiencing exponential growth. Valued at $7.5 billion in 2024, the industry is projected to soar to $29 billion by 2030. With a projected increase in GDP contribution from 0.1% in 2020 to 0.4% by 2029, the sector is proving to be a catalyst in preparing the workforce for tomorrow.