This report is from this week's CNBC's"Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribeEach year, thousands of aspiring students, mostly from middle-class families, move to Kota, a city in the desert state of Rajasthan, where they spend two years rote learning to pass competitive entrance tests to a handful of universities.
That means entrance tests and examinations are a high-stakes juncture in a person's life. They open doors to dreams or often close them shut permanently.Last month, for instance, the government canceled the tests determining admissions into elite medical schools in India after reports of widespread cheating.Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
But perhaps the fault lies in the quality of education in the country, which leaves many unqualified despite holding qualifications. With a lofty valuation, Byju's went on an acquisition spree. One of the companies it bought was an offline test preparation service called Aakash Education Services, which is still expected to IPO this year.So more broadly, tech can hold the potential to provide a more affordable alternative to India's cram school system.
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