According to UN estimates, 264 million children globally are out of school today, and many more children who are in school aren’t learning enough, because of the poor conditions for education. In developing countries, the lack of an education results in missing the opportunity to lift oneself out of poverty.
Drop-out rates are unusually high.After starting primary school, 33% of the children drop out before they reach 5th grade! However, the most damning statistic is that although over half of India’s population is 25 years or younger, and approximately 10% of the population is under 5 years, India’s spending on education is just 3.3 percent of its GDP compared to an average 5.8 percent in developed countries.
Neither are schools in India keeping up withIndia’s growing lower middle class. India’s lower middle class is projected to grow from 300 to 600 million in 8 years and India will require over 13,000 additional schools by 2022. This gap has resulted in the proliferation of private schools. The average private school costs have grown by a staggering 175% in the past six years, and is well beyond the reach of lower middle-class families. India also faces a shortage of close to 1 million qualified teachers due to low pay scales and social perceptions around being a school teacher. Yes, India faces an education crisis!
While education models and funding for schools have stagnated for decades, technology for wide-spread education has accelerated through a variety of new methods and technologies like Massive Open Online Courses (MOOCs). The education technology has the potential to tailor the courses so each child can learn at his or her own pace, while providing instant feedback to both students and teachers.