Do you continue to remain bullish on India?
Absolutely. Education sector is not a silver bullet. It is something that requires patience, (companies must be) focused on products and the customers. It is a massive portion of the GDP. India has a rising population - which is in contrast to countries like the US, with an incredible cultural bias towards the importance of education, and upskilling is (seen as) a fundamental engine of social and economic mobility. We don't have that in many developed countries. We also have a founder mentality here that is fantastic. The challenge for companies here has been customer acquisition cost, and the ability (of consumers) to pay.
How do you evaluate your investments in PW?
This story is from the October 10, 2024 edition of Business Standard.
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This story is from the October 10, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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