BUSINESS FRAMEWORKS

This presents a challenge for edtech companies in terms of reaching out to students in rural areas who may not have access to the necessary technology or internet connectivity. Edtech companies must also navigate through the cultural and linguistic barriers There are still traditional views on education in India that prioritize face-to-face interaction with teachers. Edtech companies will need to work on overcoming these perceptions and convincing students and parents of the benefits of technology-based education.

Technological:

The growth of the edtech industry is largely driven by the increasing penetration of the internet and mobile devices. With a large number of students having access to smartphones and internet connectivity, edtech companies are able to reach a wider audience. The COVID-19 pandemic has led to a significant increase in the usage of video conferencing and collaboration tools in the Indian edtech space. Edtech companies are using these tools to provide live online classes and facilitate collaboration between students and teachers. Virtual and augmented reality technologies are also being used by edtech companies in India to provide immersive learning experiences for students.

Legal:

India has data privacy laws and content censorship regulations that Edtech companies must comply with. The legal environment of the Indian edtech space is regulated by a combination of domestic laws and international treaties. The key laws that impact the edtech industry in India include: The Information Technology Act (2000), Copyright Act (1957), The Patents Act (1970), The TradeRelated Aspects of Intellectual Property Rights (TRIPS) Agreement, Personal Data Protection Bill (2019). The legal and regulatory frameworks in place for the protection of intellectual property can provide opportunities for Edtech companies. Companies operating in the edtech space need to be aware of these laws and comply with them to avoid legal difficulties.

Environmental:

The Indian edtech space has been growing rapidly in recent years, but it also faces various environmental challenges. . The fast-paced growth of edtech also results in a high amount of electronic waste, which can be harmful to environment if not disposed of properly.As more and more personal and sensitive information is shared and stored online, the risk of data breaches and cyber attacks increases.