How is Privatization of Preschool Education in India Benefiting Children?
In India, education for children before they go to school is a unique industry in itself. Many private players and institutes are entering this space to provide kids with preschool education services, other than only Government initiatives. The preschool market was set to jump USD 1 billion by 2012, at 36% annual growth. In the coming years, these efforts are going to scale up due to franchise model and low entry barriers to such mode of education.
What are the Market Trends, and Drivers?
The market drivers are aware of children’s education, increasing quality of knowledge distribution, and interest by private institutes. The major trends involve increased infrastructure, better school buildings/structures, and improved preschool education in India facilities, future plans, and government efforts in liberalizing the education sector more prominently. The concept for educating kids before they went to full-fledged schools emerged due to greater focus on pre-primary education programs for children.
What Gives a Spurt to Indian Pre-Primary Education?
These steps were particularly for kids in 2 to 4 years of age so that they are in better position to face the competitive edge of quality study tools employed by institutes today. The market revenue for the Indian preschool education is about to grow at 13.5% CAGR in the period of 2011-2012. Growth factors include working mothers, rise in disposable income, nuclear families, rise in demand of high quality toddler education. The organized players are Euro Kids, Kidzee etc, among others who are expanding their scope to 2nd and 3rd tier cities of the country.