Edtech created over 75,000 jobs in 5 yrs, cut Covid job crisis, says its self-regulatory body
New Delhi: The Edtech or education technology sector in India has created more than 75,000 jobs in the past five years and also helped mitigate the Covid-19 induced job crisis in the past two years, the newly-formed Indian Edtech Consortium (IEC) has found in an internal analysis of the sector.
The IEC is a self-regulating body consisting of some of the major Edtech platforms, including BYJU’S and upGrad among others. It operates under the industry body, the Internet and Mobile Association of India (IAMAI).
The Edtech industry in India is a billion dollar industry, which is expected to value at $4 billion by 2025. The Edtech players now claim that it has also been one of the biggest job creators in the past few years.
“Over 50,000 professionals are currently part of the EdTech ecosystem. The accelerated employment opportunity created by EdTech, which allows Indian professionals to create value globally, is particularly evident in the context of Covid-19 induced job losses in 2020,” the IAMAI said in a statement Tuesday, quoting data collected by the IEC.
Referring to data released by the Centre for Monitoring Indian Economy (CMIE), which pegged the rate of unemployment in India in January to be 6.57 per cent, the statement further said that the Edtech sector has contributed significantly in bringing down the rate of unemployment.