Increasing Spending on Education to Spur Growth of India Pre-Primary Education & Childcare Industry: Ken Research The pre-primary education and childcare industry in India has experienced a rapid growth in last five years. The increasing revenues of the market players have been propelled by the rising awareness about the quality early childhood education and care amongst parents. Additionally, the growing number of preschool centres in the large and small cities has attracted a growing number of enrollments nationwide. The market revenues of the pre-primary education and childcare industry have increased from USD 897.4 million in FY’2007 at a CAGR of 16.5% during FY’2007-FY’2013. The demand for the pre-primary education and childcare is driven by the increasing women workforce participation. Additionally, the growing dependence of working mothers in nuclear families on these preschool and childcare has also been driving increasing enrollments for the industry. The market has been boosted by the increased spending by the government to ensure proper care of young children of 3-6 years old. Various schemes and initiatives such as ICDS, Anganwadis and Balwadis have been in operation to fulfill the same. The marketplace has witnessed growing private equity investments and venture capital over the years owing to the increasing profitability of this sector. The pre-primary education and childcare sector has presented vast opportunity for the market players, supported by an increasing population of the undersix year olds in the country. The market is highly fragmented and has been historically dominated by the unorganized segment. The rising competitive pressures as a result of strongly growing share of organized market are expected to result in the increasing revenues of the industry in coming future. Over the years, there has been an increasing trend amongst the market players operating in the preprimary education and childcare industry of India to extend their market of K-12 education. Additionally, the market has also experienced a growing involvement of ICT being used as a teaching aid. The curriculum design and activities of the pre-primary education and childcare has gradually been focusing on the activity and play based learning. All these efforts are expected to improve the quality of the preprimary education and childcare being provided, in the forthcoming years. The report “India Pre-primary Education and Childcare Industry Outlook to FY’2018” provides detailed overview on the pre-primary education and childcare industry from various perspectives. The report encloses a comprehensive analysis of the various segments of the market reflecting the present scenario and future growth affected by changing industry dynamics in coming years. Additionally, the report also entails information about the public and private sector initiatives, rational analysis of the macroeconomic factors, along with the profiles of the major market players of the pre-primary education and childcare industry. The report will help industry consultants, companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.
For more information on the industry research report please refer to the below mentioned link: http://www.kenresearch.com/education/pre-school-education/india-pre-primary-education-marketresearch-report/402-99.html