Good news if you are in education and entertainment sector – as this industry is tipped to grow even further. As of now these two areas are already considered very active and play active role in the lives of common man but with times to come we’ll see major changes that’ll lead to its growth. In the light of recent findings it can be safely concluded that there is going to be big demand for the quality education; not the basic education but learning and application of technical knowledge that will lead to cost – effective innovation and self-dependency to nurture self-employment. Entertainment is going to be another major beneficiary of changings dynamics of the society as people with more disposable income will opt for better, varied and diverse ways to keep them entertained.
The most vibrant and most talked about industry of any country is entertainment and that too in India is going to explode to new avenues apart from films and hotels it’ll be catering more pressing demands of the changing life style and behavior like in-house play games, expensive resorts etc. something that is not much heard before.
You might be wondering what is the root cause of the sudden shift in the boom for these two industries? Well, for the first time in known history, more than 50% of mothers in the age bracket of 45 to 49 years have less than two children. And more and more women are deferring the decision of having children to much later years, possibly to gain more financial and emotional stability . For example in 2001, 13% women in age bracket of 25 – 29 years have no child as compared to 16% in 2011. This is major shift in the thinking of mothers as in next few years this number is predicted to touch 20% leading to more ageing population. It’ll lead to more avenues of entertainment in the absence of pressing engagement of children at home and hence will spend more and more money to keep them entertained with bigger TV screens in the house and luxury house which majority of mothers can’t afford due to financial needs of the children like upbringing and education.
With lesser children taking birth in the family and more matured age of mothers, the children are more likely to get healthy financial share for their education due to “much financially stable parents” which they cannot get now due to young age and financially struggling situation of parents whereby more children compete for the limited income. The parents will increasingly look for better education options and won’t mind spending extra to give quality education to make their child competent and confident in this fast changing environment of cut-throat competition.