Budget 2022: Progressive impetus needed to create a cohesive Edtech ecosystem in India – Firstpost

2021 was yet another great year for the edtech sector with huge capital inflows, and consolidation underlining the mammoth opportunity and value it presents for consumers and edtech companies. While edtech companies are playing a vital role in making quality trans-national education accessible and affordable for millions, it’s equally contributing towards creating a skilled workforce, thus accelerating the country’s GDP. Therefore, with the Union Budget 2022 set to be announced soon, there are a few critical elements that can certainly enhance the online education sphere for further propelling radical change in the sector at large. Need tax-saving education scheme to encourage skilling Rapid digitisation has certainly taken over the industry and every sector is witnessing evolution to an extent where employers are keen on hiring skilled talent with requisite knowledge around industry-driven skills. Such evolving circumstances can also introduce collateral benefits like more qualified teachers, upskilled educators/Subject Matter Experts for driving an immersive learning ecosystem, thus also accelerating India’s ambition of becoming the teaching capital of the world.