Schoolnet India Ltd., an EdTech service provider, released the findings of its survey ‘Understanding Indian School Education Spends Landscape’. This study was conducted in collaboration with PGA Labs on the overall spending on a child’s schooling and education in India among private and government schools
The survey data indicates that parents in India spend approximately INR 20,000 a year on education in government schools. At the same time, parents of students in private unaided schools spend more than double, INR 47,000 on an average annually. These spends include- school fees, transportation and other expenses like infrastructure and classroom facilities.
Additional findings of the survey revealed that 6 per cent of parents spend between INR 51,000 to INR 1,00,000 on education in elite government schools like Kendriya Vidyalaya, compared to 28 per cent of parents that spend a similar amount for education in unaided private schools. The data were recorded from 480 parents of students studying in government schools and 437 parents with children in private unaided schools (75 per cent attending “affordable”, “low-cost” or “budget” private schools).
Furthermore, the survey analysed the differences in spending between in-school and after-school education. More than half the families with children in government schools (56 per cent) spend less than INR 15,000 annually on in-school expenditure, whereas they spend an average of INR 14,000 on after-school expenditure. 36 per cent of parents of students in private unaided schools spend more than INR 50,000 on school education and 3 per cent of parents incur similar expenditures on supplementary education.
As part of the total expenditure on school education, 36 per cent of parents spend less than INR 5,000 on tuition fees in government schools, and 12 per cent reported no spending at all. Due to rising competition among students to perform their academic best, parents invest in after-school products and services like personal tutors, tuition classes, coaching for competitive examinations and more. 60 per cent of parents of students in government schools incur these additional education costs by spending INR 10,000 or more on supplementary education products.
Sharing his thoughts, RCM Reddy, MD & CEO, Schoolnet said, “Access to quality education across the middle and the bottom of the pyramid remains an issue across India. Through our survey, we have seen a willingness from parents to spend on their child’s education and improve their learning experience.”
Arindam Ghosh, Head of Strategy, Schoolnet said, “Over the last two years, we have seen a significant increase in the demand for digital learning solutions, both in-school and after-school. With this survey, we are able to understand the magnitude of lack of quality education in schools, evidenced by increasing adoption of and expenditure on after-school products.”
Also Read: Maharashtra: "This" Course Will Be Compulsory For All University Students
Share
Tweet
