India has become the second-largest market for E-learning after the US. The sector is expected to reach US$ 1.96 billion by 2021 with around 10 million users. The digital shift of the world industry has triggered a plethora of e-learning platforms. Most of them offer a diverse portfolio of certified courses and diploma programs including higher education options.
The Edu-tech market in India received investments worth nearly US$ 1.5 billion in the first nine months of 2020. By 2022, the Edu-tech market in the country is projected to be valued at US $ 3.5 billion. BYJU’s has become the top e-learning platform in the edtech sector, with a raised capital of US$ 1.12 billion.
Mobile internet in India is expected to reach 85% of households by 2024, enabling access to online education even in the remotest parts of the country. To promote e-learning, the Ministry of Education has commissioned 34 educational TV channels, covering educational content for schools and higher educational institutions.
September 2020 also saw the establishment of an independent “School of Artificial Intelligence (ScAI)” in the Indian Institute of Technology (IIT) Delhi campus to offer postgraduate and PhD courses. The School of Artificial Intelligence aims to become the one-stop centre for industry participants and the Government for AI innovation, funding and collaborations. Artificial intelligence has also been introduced as a subject in class ninth from the 2019–20 session by the Central Board of Secondary Education.