How Much Indian Parents Spend On Children’s Education: Rs 32000 Annually
The survey focused on consumer spending on the education of children studying in affordable private and government schools across Tier 1-4 cities in India.
- Families in Tier 1 cities spend an average of Rs 43,000 on their child’s schooling, as compared to an average of Rs 29,000 annually in Tier 4 cities.
- Parents in India spend Rs 16,000 annually on after-school education
An EdTech service provider, Schoolnet, conducted a survey titled, ‘Understanding Indian School Education Spends Landscape’. The survey is about the overall spending on a child’s schooling and education in India among those in affordable private and government schools. Schoolnet collaborated with PGA Labs to conduct this survey.
The survey found that parents in India spend an average of INR 32,000, split as:
- Tier I – Rs 43,000
- Tier II – Rs 33,000
- Tier III – Rs 34,000
- Tier IV – Rs 29,000
Further findings revealed that 7% of families in Tier 1 cities spend under INR 10,000 on their child’s schooling, as compared to 18% of parents in Tier 4 cities in the country.
The data shows large gaps in education spending across the country, owing to factors such as expensive options for supplementary education, varying availability of resources, and levels of education of parents. As we move from Tier I to Tier IV, the average spending on education reduces, which influences the equitable access to education in the country.
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 Rs 16,000 annually on after-school education including personal tutors, tuition classes, and coaching classes.
- Tier I – Rs 19,000
- Tier II – Rs 18,000
- Tier III – Rs 14,000
- Tier IV – Rs 14,000
Overall, 32% of families in Tier 1 cities spent less than Rs 10,000 on after-school services, as compared to 41% of parents in Tier 4 regions.
Sharing his thoughts, 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 still exists 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 in India. This would help us work towards sustainably bridging the supply and demand gap that exists
