The biggest advantage that India has is its demographic dividend. 62.5% of the population falls in the age group of 15-59 years. About 26 crore students are studying in Indian schools and this number according to estimates is to touch 30 crore by the year 2030. It comes as no surprise that industrialists, managements of reputed schools and entrepreneurs are keen on investing in education. Also, there is a young brigade who have inherited age-old schools that are willing to expand.
The franchise model has a lot of advantages and as far as schools go, it is gaining traction for several reasons such as: replicating a model that is well-established, support from inception and most importantly in-training staff and hand-holding in operations for a certain period.
Starting a school entails heavy documentation, licensing, certification from multiple agencies which is also a reason for school franchising to grow at a rapid pace.
In the future, 0-14 age group is going to drive the growth of the country in more ways than one. Schooling with proper standards backed by state-of-the-art facilities becomes important. There is a rising demand for quality education and the Indian education market is estimated to grow to USD 225 billion by 2025.
In today’s world which is driven by standards, a franchise school stands out as teachers are trained and a successful model is followed. In this issue we are featuring school franchises.
