India's online education market size is set to grow to US$40 billion by 2017 from the present US$20 billion, reports the Press Trust of India.
“We expect drastic changes in online education in the next two- to three-year period,” LoudCloud Systems Chief Technology Officer Anil Sonkar said.
India has one of the largest education systems in the world, with a network of more than a million schools and 18,000 higher education institutions. More than half of the country's 1.2 billion population falls in the target market for education and related services.
LoudCloud is engaged in providing e-learning technologies in India. It has roped in Odisha-based Centurion University of Technology and Management for their distance education branch, which is set to start in June 2013, he said.
Full report on The Economic Times site
Receive UWN's free weekly e-newsletters