Page 47 - EW-June-2024

Major global school chains growth demands that the logic of the historic
(No. of schools under management worldwide) industry and business liberalisation
and deregulation initiative of 1991
107 88 is applied in Indian education. That
69 43 initiative which ended over half a
century of pernicious licence-permit-
2017 2024 quota raj which cabined, cribbed and
2017 2024 confined private industry for over half
International 80 64 a century, immediately doubled an-
nual GDP growth rates and lifted an
estimated 400 million citizens out of
20
18
deep poverty. Reform and upgrada-
2017 2024 2017 2024 tion of teaching-learning standards in
K-12 education that is manifesting in
private schools is seeping into Central
government-run Kendriya Vidyalayas
90 and Jawahar Navodaya Vidyalayas,
54
Domestic 2019 2024 2017 2024 and latterly into state government
35
12
schools, notably of the Delhi state
government.
T ing LoEstro report pre-
Source: State of India K-12: Resilience Amidst Uncertainties HEREFORE THE refresh-

framework of the K-12 exchanges and raise dicts acceleration of this
process in the near future.
sector has been stable teaching-learning stan- The company’s crystal ball presents
for the past 12-15 years dards across the board. an optimistic scenario for all stake-
with the Supreme and Therefore, the process holders in primary-secondary edu-
several high courts hav- of liberalisation of edu- cation. For parents and students, it
ing upheld the right of cation is likely to accel- prophesies hybrid schools delivering
investors in education erate in the near future,” multimodal education, personalisa-
to reasonable return says Jain, an alumna tion of education and projects-based
on investment. There of the top-ranked Shri pedagogy. For school managements, it
is growing awareness Payal Jain Ram College of Com- predicts relaxation of government reg-
within government and merce, Delhi and IIM- ulations, innovative business models,
society that inflow of private equity Indore, who came aboard LoEstro in investment in professional develop-
into education enables investment 2020 after three years with Goldman ment, partnerships for marketing and
in teacher and curriculum develop- Sachs, Delhi (2017-20) and was ap- branding, and technology access. For
ment. This will also open global op- pointed partner last year. patient capital investors, it envisages
portunities for teachers and students Self-evidently, the national interest conducive financial instruments and
structures. And to regulators, LoEstro
advises predictability and customisa-
Unlocking private schools: action agenda
tion of regulations, ease of operating
schools, providing a conducive tech
ecosystem and promoting private
capital.
What the mildly worded State of
India K-12: Resilience Amidst Un-
certainties doesn’t say is that enabling
these predictions and recommenda-
tions is a necessary precondition for
realising the Viksit Bharat and $3
Private Capital Technology Ease of Operating trillion GDP goals by 2047 when the
Schools country will celebrate a century of
Source: State of India K-12: Resilience Amidst Uncertainties freedom from foreign rule.

JUNE 2024 EDUCATIONWORLD 47