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Investor Presentaiton

COVID Impact on Education 1/2 More than 1.5 million schools in India are closed amidst the pandemic and there are many obstacles in rolling out a large-scale digital education program 1 According to a 2019 government survey, only 24% 2 of the households have internet access In small towns and villages, only 4% of the population has access to the internet 3 4 The Education Ministry slashed its digital e- learning budget from Rs 604 crores in FY20 to Rs 469 crores in FY21 - the year in which the pandemic struck The World Bank predicts a loss of USD 440 Bn (Rs 32.2 lakh crores) of the Indian treasury due to the closing of schools 5 In India, almost 320 million students have been affected by school closures (UNESCO, 2020a). 6 However, only 37.6 million students in 16 states are continuing their academics via online and radio programmes (UNICEF, 2020a) 13
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