India's booming education sector
GOLDEN OPPORTUNITY? The Indian market for edtech goods is set to explode, according to a recent piece in UPenn business journal, Knowledge@Wharton. The market is still very much in infancy, driven mostly by a small but growing segment of private schools (which currently make up 20% of the roughly 1.2 million K-12 total). But the country's current big fishes like Educomp Solutions, Pearson, and others are bullish. Some notable trends: increasing rates of adoption in smaller "tier two and tier three cities" with limited ed resources; partnerships with different state governments targeting schools in rural, low-income areas, and a seemingly never-ending appetite for more tablets. (Latest entries include the Micromax Funbook and MyEduTab.) Those interested in sizing up this market will find useful find this recent report from market research firm Technopak, "Indian Education Sector Outlook."