Indian parents spend Rs 32000 per year on their children’s education

*Paromita Das

Schoolnet, an EdTech service provider, conducted a survey titled ‘Understanding Indian School Education Spending Landscape.’ The survey is about the overall spending on a child’s schooling and education in India among those who attend low-cost private and public schools.

This survey was carried out in collaboration with PGA Labs.

According to the survey, parents in India spend an average of INR 32,000, which is divided as follows:

Tier I – 43,000 rupees

Tier II – 33,000 rupees

Tier III – 34,000 rupees

Tier IV – Rs 29,000

According to the findings, 7% of families in Tier 1 cities spend less than INR 10,000 on their child’s education, compared to 18% of parents in Tier 4 cities in the country.

The data show significant disparities in education spending across the country, owing to factors such as the high cost of supplementary education, varying availability of resources, and parental education levels. As we progress from Tier I to Tier IV, average education spending decreases, influencing the country’s equitable access to education.

After-school education, when combined with regular schooling, provides students with additional academic benefits.
At the same time, factors such as tuition, laptops, textbooks, and even subscriptions to online educational applications play an important role in its accessibility and delivery.

According to the study, Indian families spend an average of Rs 16,000 per year on after-school education, which includes personal tutors, tuition classes, and coaching classes.

Tier 1 – Rs. 19,000

Tier II – 18,000 rupees

Tier III – 14,000 rupees

Tier IV – 14,000 rupees

Overall, 32 percent of families in Tier 1 cities spent less than Rs 10,000 on after-school services, while 41 percent of parents in Tier 4 regions spent more than Rs 10,000.
RCM Reddy, MD & CEO of Schoolnet, shared his thoughts, saying, “With 1.5 million schools and 250 million students, India has one of the world’s largest K-12 education systems. According to our survey of children enrolled in low-cost private and public schools, families are willing to spend more money on education because they recognize the value of both in-school and after-school education.

At the same time, there is still a significant gap in the facilities available across the country, which has an impact on education spending.

We wanted to learn about the spending habits of the average Indian family on school education through this survey. This would aid us in our efforts to bridge the current supply and demand gap in a sustainable manner.”