Pre Budget Expectation Quote 2023-2024

Mr. Yuvraj Krishan Sharma, Co-Founder & CPO Edverse

“The Indian Edtech market has seen steady growth in recent years due to technological advancements, increased demand for skills in a competitive job market, and improved accessibility of education. The sector is projected to continue growing in 2023. 

In the upcoming budget, the government should focus on promoting emerging technologies in the education sector and building a strong e-learning infrastructure. This includes the adoption of AI, AR, VR, ML, and metaverse, which can help improve overall learning, upskill, overcome geographical barriers, and create more job opportunities for the future generation.

The government should also emphasize mandating and investing in skill development, providing training in these technologies, exploring the possibilities of the metaverse, and offering subsidies for EdTech startups in areas such as R&D, tax incentives, and financial benefits. 

Additionally, a comprehensive policy to help start-ups survive and grow during predicted economic downturns should be implemented. Improved internet connectivity, including last-mile access, reasonably priced 5G plans, and strict data privacy rules, should also be prioritized to benefit from the technology of metaverse and make education more accessible to everyone.”

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