Schoolnet Survey: Indian Parents Spend An Average Of 32K Annually On Their Children’s Education

13 Apr, 2022 16:10 IST|Sakshi Post

The survey focused on consumer spending on education for children studying in affordable private and government schools across Tier 1-4 cities in India.

Key Survey Findings:

Families in Tier 1 cities spend, on an average, INR 43,000 on their children’s schooling, as compared to an average of INR 29,000 annually in Tier 4 cities.

Parents in India spend INR 16,000 annually on after-school education.

Bengaluru: Schoolnet, India’s leading, largest, and oldest EdTech service provider operating across a network of 40,000 schools and impacting 15 million learners in India, today announced the findings of its survey titled, "Understanding Indian School Education Spending Landscape." This study was conducted in collaboration with PGA Labs on the overall spending on a child’s schooling and education in India among those in affordable private and government schools.

The survey found that parents in India spend an average of INR 32,000, split as:

Tier I: 43,000 INR

Tier II: 33,000 INR

Tier III: 34,000 INR

Tier IV – 29,000 INR

Further findings revealed that 7% of families in Tier 1 cities spend under INR 10,000 on their children's schooling, as compared to 18% of parents in Tier 4 cities in the country. The data shows large gaps exist in education spending across the country, owing to factors such as expensive options for supplementary education, varying availability of resources, and the levels of education of parents. As we progress from Tier I to Tier IV, the average education spending decreases, affecting the country's equitable access to education.

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 INR 16,000 annually on after-school education, including personal tutors, tuition classes, and coaching classes.

Tier I: 19,000 INR

Tier II: 18,000 INR

Tier III: 14,000 INR

Tier IV: 14,000 INR

Overall, 32% of families in Tier 1 cities spent less than INR 10,000 on after-school services, as compared to 41% of parents in Tier 4 regions.

Sharing his thoughts, Mr 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 is still 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. This would help us work towards sustainably bridging the supply and demand gap that exists currently."

Adding to Mr Reddy, Mr Arindam Ghosh, Head of Strategy, Schoolnet, said, "This study has generated deep insights for us at Schoolnet and for the larger education and EdTech ecosystems. It has shown that a 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 a reality."

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