Education technology carving a new path to success
India, Sept. 20 -- Covid-19 has taken the country off-guard and is seen impacting the Indian economy. As per the Moody's report published in June 2020, India's GDP is expected to shrink by 3.1%. Going one step further, the Dun and Bradstreet Report released in August 2020 predicted that the GDP would contract by 4.5% this fiscal year. Amidst these daunting numbers, one industry that is still reflecting a ray of hope while showing unprecedented growth in India is the Education Technology, that is, the Ed-Tech sector. RS Components, analysing the Crunchbase data, observes that other than the USA, India is the second country that hosts the most number of Ed-Tech companies in the world.
In 2020, Ed-Tech stands as the most funded business sec...
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