India's entrance prep market to reach $23-26 billion by FY30

A consulting company called Redseer wrote a report about classes that help students in India get ready for very important exams.

These exams, called JEE and NEET, decide who gets into engineering and medical colleges.

The report says people are spending more and more money on these classes every year.

Right now, about $14.8 billion is spent on test preparation in India.

By the year FY30, that amount could grow to $23-26 billion.

Getting into the top colleges is very hard — only about 1 out of 100 students gets into an IIT, and about 3 out of 100 get a preferred government medical seat.

Students pick a coaching class mostly because of the teachers and the results the class has achieved in the past.

More coaching is moving online, using computers and AI to create personalised practice for students.

Many students do not want to move to big cities for coaching because living there makes it cost much more.

The report says coaching companies must show they can deliver good results to keep winning students.