EdTech sector’s contribution to India’s GDP set to quadruple by 2029: Report

New Delhi [India], January 20 (ANI): The EdTech sector in India is witnessing unprecedented growth, with its contribution to the country’s GDP projected to rise from 0.1 per cent in 2020 to 0.4 per cent by 2029, according to a joint report by the Internet and Mobile Association of India (IAMAI) and Grant Thornton Bharat.

The report highlighted that in 2020, India’s GDP was valued at USD 2.67 trillion, with the EdTech market contributing USD 2.8 billion–equivalent to 0.1 per cent of GDP.