In a survey titled, ‘Understanding Indian School Education Spends Landscape’, conducted by an EdTech service provider, Schoolnet, which is based in NOIDA near Delhi, has found that parents in India spend an average of Rs 32,000 annually on their children’s education.
The survey is about the overall spending on a child’s schooling and education in India among those in affordable private and government schools. Schoolnet collaborated with PGA Labs to conduct this survey.
The survey found that in Tier I cities, the expenditure is Rs. 43, 000. In Ties II cities, it is Rs. 33,000. In Tier III cities it is Rs. 34 000 and in Tier IV cities, it is Rs. 29,000.
Further findings revealed that 7% of families in Tier 1 cities spend under INR 10,000 on their child’s schooling, as compared to 18% of parents in Tier 4 cities in the country.
The data shows large gaps in education spending across the country, owing to factors such as expensive options for supplementary education, varying availability of resources, and levels of education of parents.
As one moves from Tier I to Tier IV, the average spending on education reduces, which influences the equitable access to education in the country.
In tandem with school education, after-school education provides students with added academic advantages.
At the same time, various factors such as tuition fees, laptops, textbooks, and even subscriptions to online educational applications form important components of its accessibility and delivery.
As per the study, on average, Indian families spend Rs 16,000 annually on after-school education including personal tutors, tuition classes, and coaching classes. In Tier I it is Rs 19,000, in Tier II it is Rs 18,000, in Tier III it is Rs 14,000 and in Tier IV it is – Rs 14,000.
Overall, 32% of families in Tier 1 cities spent less than Rs 10,000 on after-school services, as compared to 41% of parents in Tier 4 regions.
Key findings of the survey are:
1. Families in Tier I cities spend on an average of Rs 43,000 on their child’s schooling, as compared to an average of Rs 29,000 annually in Tier IV cities.
2. Parents in India spend Rs 16,000 annually on after-school education.
According to RCM Reddy, MD & CEO, Schoolnet said, “India has one of the largest K-12 schooling systems in the world, with 1.5 million schools and 250 million students. As seen in our survey conducted among children studying in affordable private and government schools, families are willing to spend increasingly on education, as they understand the importance of in-school as well as after-school education.
At the same time, there still exists a vast gap in the facilities available across the country, which impacts the spending on education.
Through this survey, we wanted to understand the spending habits of India’s average family when it comes to school education in India. This would help us work towards sustainably bridging the supply and demand gap that exists currently.”
Arindam Ghosh, head of strategy, Schoolnet, has pointed out that “This study has generated deep insights for us at Schoolnet and for the larger education and edtech ecosystems. It has shown that decisive impact cannot be made by eclipsing the families in the middle and bottom of the economic pyramid. The findings have thrown light on some of the strategic areas that require sharper focus to make the dream of quality education for all into a reality.”