The startup said it expects layoffs at its product, content, media & technology teams and revision of sales & marketing approaches to result in 'sizable savings' with no impact on growth.
India is the largest market for online education after US. With policies like the NEP 2020 and over 5,000 EdTech start-ups, it has scope for digital transformation.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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