This is how Kota became the hub of coaching industry, turnover is more than Rs 5000 crore
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According to media reports, every year from July to January, more than 2 lakh students come to Kota to prepare for NEET UG and JEE. The business of coaching in Kota (Kota Coaching Industry) is increasing rapidly. Due to this the economy of the city has also got a boost. Due to this, the government is also getting good tax every year. Coaching centers have also become the biggest hubs of employment. Let us tell you how big the business of coaching is in Kota today. How did it start?
5 thousand crore business
According to media reports, today the business of coaching in Rajasthan’s Kota has crossed Rs 5000 crore. The annual fees for coaching centers in Kota range from Rs 40,000 to Rs 1.5 lakh. There are six big coaching institutes here. There are more than 5 thousand full time students in these. Kota’s coaching institutes are considered best for JEE and NEET preparation across the country. It is also known as Kota Factory or Kota Junction. Here students from many states including UP, Bihar, Madhya Pradesh, Maharashtra, Gujarat, Haryana, Odisha come to prepare for medical and engineering.
Government gets tax
According to reports, the state government receives around Rs 700 crore as tax every year from the Kota coaching industry. Kota Coaching Center is also the biggest hub of employment. More than two lakh jobs are generated in the coaching centers here. Along with employment, people are also getting good salary in Kota coaching.
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This is how Kota became the center of coaching
According to media reports, in the year 1991, there were only a handful of coaching classes. During this, 10 students of one coaching got selected in IIT. After this, next year 50 students got selected in IIT. Since then the caravan started. By the year 2015, the business of coaching in Kota had become worth thousand crores.
real estate also got wings
Along with coaching, real estate business is also increasing continuously in Kota. The number of hostels in the city is increasing continuously. There is currently no concrete data on the number of hostels in the entire city of Kota. Here students are also living as paying guests in a large number of houses. Coaching has completely changed the picture of the city. From hotel operators to carpenters-painters and autorickshaw pullers, their fortunes have improved. The entire economy of Kota city is dependent on coaching.
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Large market for clothes and books
Apart from being a coaching hub, Kota also has a big market for books. Reports suggest that every year students buy around 50 to 60 lakh books here. Every student spends up to Rs 10,000 on books and stationery. Students also have to buy uniforms here. It also has a big market here.
cost of food and drink
The students living in Kota also have to spend a lot on food and drink. The students living here on rent spend up to Rs 50,000 every year on food. Even on transport, students have to spend up to Rs 50 a day. Students here also buy a lot of new cycles every year.
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