Pre school business in india is currently valued at more than 15000 crores, growing at high CAGR of 23%.India has one of the largest number of youngest populations in the world. Over 60% of the country’s population is below 30 years of age. According to the 2011 census, there were more than 16.5 crore children in the 0-6 years age group. Catering to this segment of the population, there were some 33,000 pre-schools in India as of 2015. These numbers can only have gone up. It is therefore unsurprising that the Pre-School sector in India is booming. It is contributing about 32 billion USD to the country’s GDP.
The worldwide market for India Preschool or Child Care Market is expected to grow at a CAGR of roughly 31.8% over the next four years till 2021.
Taking into consideration the huge parental demand for Pre Schools even in tier 2 and tier 3 cities in India is coming up. The key players in the Pre School sector are expanding wings across the length and breadth of the country. As a result, the pre-school market in India is witnessing an exponential growth.
The Following factors are driving of Pre-school segments in india.
- Increasing demand for first rate Pre Primary education for children.
- Improved standard of living.
- Increase in the number of working parents.
- Increase in nuclear families.
- Increase in disposable personal income.
- Low investment business with ROI coming by the mid of second year.
- No regulatory barriers.
