India has a mixed economy, with the world’s sixth-largest one, and has a middle-income developing market economy. The pandemic hit a lot of different companies in numerous ways, but there was a greater impact due to virtual learning on the Indian economy.
Technology is affecting every aspect of the market and is helping in numerous developments. with the development of the online field of learning, technology has considerably impacted this too. We need to first understand how technological development is related to online learning, and how the growth of these can influence each other including our economy.
E-learning educational impacts
E-learning has numerous advantages like students can avail courses from anywhere and attend their classes whenever they are free. It is convenient for educators as well as learners, hence E-learning is more advantageous and recommended than the traditional forms of giving lectures and attending lessons.
Moreover, professionals also teach online free of cost and offer trial courses before people make a final choice of joining it. This has promoted education among that audience sphere which has been skeptical of virtual learning since the beginning. It can also eliminate any false hopes and information that must have been advised by the course provider. Most importantly, free courses can promote e-learning and benefit students by creating better future opportunities for them, ultimately resulting in a better standard of living among the nation.
Here are a few other impacts;
- Building confidence among students by approaching them for educational contribution
- Grasping concepts better with innovative tools like virtual field trips, presentations, 3D graphs.
- Development of technical skills through a better learning environment with the use of digital audio and visuals.
The market for online courses
The market for online courses has expanded in the present times, and there is immense competition among websites and numerous education app. But there is a wider quality gap. The quality gap differentiates helpful online courses from the ones which are functioning only for their profit. This is when a trial course comes into use.
Although the overall production market was affected since lockdown forced shutdown of factories and manufacturing processes, the technological and educational field kept on progressing with innovations coming up every day. It is once again the capability of people to adapt to everyday change, and their capacity to learn efficient methods of doing so.
Currently, the educational economy is booming with several government measures coming into view which are in support of digitalized India.
The societal impact of e-learning
E-learning can impact society in numerous ways, especially if the individuals are willing to adapt to such changes;
- Potential benefit among students for better forms of learning
- A time-saving procedure which is analytical
- The demand for better Internet access forces companies, private and public two strive for providing better services which ultimately leads to national economic development.
- Technological reforms in the society, with better awareness about the digital platform
- Awareness about the usefulness of the Internet as an ocean of knowledge
- Sudden boost for developing countries by building better relationships between learning and the society
How can the online education market save our economy?
The education industry just keeps on evolving, and this time upgraded technologies have come around a lot. As students, businessmen, professionals, and educators that try to maintain their position in their respective fields, the demand for better software and technical skills remains higher than ever. This demand is created for valuable inputs and the education industry itself.
Globally, the economy is counting on mobile workforce enabling business. Whether it is an education app, or software built specifically to take independent examinations, it is the only market that keeps on adding to the list. Therefore, online education can seriously solve numerous problems of the economy by filling a gap, with even more possibilities for the future.
In an education app, it is now easy to apply for a custom course and enable specific skill sets learning. Is this enough to make a difference in the economy? Since it is the only market that is booming, with traditional education methods already long gone, there is a better-prepared workforce making up to have a positive impact on not just the Indian economy, but also the global one.
India currently has the goal of transforming the country into or digitally aware one. With numerous initiatives and the dynamic changes in educational portals too, it is easier to teach online and learn better by the mastery of such online educational methods.