Tag: FY

The pre-primary education and childcare industry in India has experienced a rapid growth in last five years. The increasing revenues of the market players have been propelled by the rising awareness about the quality early childhood education and care amongst parents. Additionally, the growing number of preschool centres in the large and small cities has attracted a growing number of enrollments nationwide. The market revenues of the pre-primary education and childcare industry have increased from USD 897.4 million in FY’2007 at a CAGR of 16.5% during FY’2007-FY’2013.
The demand for the pre-primary education and childcare is driven by the increasing women workforce participation. Additionally, the growing dependence of working mothers in nuclear families on these preschool and childcare has also been driving increasing enrollments for the industry. The market has been boosted by the increased spending by the government to ensure proper care of young children of 3-6 years old. Various schemes and initiatives such as ICDS, Anganwadis and Balwadis have been in operation to fulfill the same.
The marketplace has witnessed growing private equity investments and venture capital over the years owing to the increasing profitability of this sector. The pre-primary education and childcare sector has presented vast opportunity for the market players, supported by an increasing population of the under-six year olds in the country. The market is highly fragmented and has been historically dominated by the unorganized segment. The rising competitive pressures as a result of strongly growing share of organized market are expected to result in the increasing revenues of the industry in coming future.
Over the years, there has been an increasing trend amongst the market players operating in the pre-primary education and childcare industry of India to extend their market of K-12 education. Additionally, the market has also experienced a growing involvement of ICT being used as a teaching aid. The curriculum design and activities of the pre-primary education and childcare has gradually been focusing on the activity and play based learning. All these efforts are expected to improve the quality of the pre-primary education and childcare being provided, in the forthcoming years.

The report “India Pre-primary Education and Childcare Industry Outlook to FY’2018” provides detailed overview on the pre-primary education and childcare industry from various perspectives. The report encloses a comprehensive analysis of the various segments of the market reflecting the present scenario and future growth affected by changing industry dynamics in coming years. Additionally, the report also entails information about the public and private sector initiatives, rational analysis of the macroeconomic factors, along with the profiles of the major market players of the pre-primary education and childcare industry. The report will help industry consultants, companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

Since 2007-08, The elementary education budget of country has more than doubled, from Rs 68,853 crore to Rs 147,059 crore this fiscal, but the students of III-standard who could read a textbook of standard-I has decreased in number from just under 50 per cent five years ago, to some 30 per cent in 2012″- reports the Business Standard.

There is a huge gap of time between the spending and the development achieved. Even after growing at annual growth rate of 16.5% during FY 05-12, a loophole is formed with these various facets of Indian education market that is required to be bridged upon. Learnmile Solutions focuses on empowering a positive shift in the education domain completely. The need for research in education sector and all its related segments is unparallel because this gap needs to be looked upon. All firms are backed by detailed research before it publishes a research report. There is great need of improvement in the children”s literature of India because this issue is very sensitive for our country and Learnmile has recently conducted all primary and secondary research in the field of literature.

As the technology is increasing very fast and is gradually taking over the scholastic domain in schools besides the normal blackboard route, there is a great requirement of assessing the impact of such techniques. To help discover the impact of using ICT in schools on the learners” behavioral pattern and achievement, the need for pre-and post-impact study can”t be ignored. To know the pro”s and con”s of any business, Research reports helps us very much and worked upon for a research firm”s own repository.

Similarly, reports assessing the behavior of children in education- specific as well as co-scholastic domain can contribute towards greater child development. As Manisha Chaudhry, Head of Content Development at Pratham Books says “”96% of the children in the age band of 3-16 years are now enrolled in schools…”, the scope for better enrichment of children”s behavior in the society is definitely possible. More research reports on different aspects of child development can be brought out with the aid of proper research, and these can be the backbone for the common man to understand child behavior.

All the stakeholders like teachers, principals and parents can get a better option for their child with the help of research reports around education because with these reports they have a basket of options and can choose the best. When there are conscious guardians who take research reports as their helping hand than decisions on issues like- the choice of subjects, the school a child can go to, co-curricular activities that he can be a part of, can be weighed properly. Learnmile brings out an e-periodical every month titled “Educast” in which issues related to education and child development are regularly addressed by a panel of experts. This magazine is subscribed to, free of cost by 11,000 principals, teachers and parents across the country today.