Indian Students Set to Spend $70 Billion Annually on Education Abroad: The number of Indian students choosing to go to college abroad rises every year, and the latest Indian Student Mobility Report 2023 by Global Education Conclave predicts that they will spend $70 billion while they are there by 2025.
Indian Students Set to Spend $70 Billion Annually on Education Abroad
According to the “Beyond Beds & Boundaries: Indian Student Mobility Report, 2023,” this study looks at how Indian students move around while going to college abroad, mainly in the US, UK, Canada, and Australia.
It was pointed out in the report that recently, Germany, Kyrgyzstan, Ireland, Singapore, Russia, the Philippines, France, and New Zealand have also become popular places to study abroad. Indian students have traditionally chosen to study in the US, Canada, the UK, and Australia.
The report said that Punjab, Andhra Pradesh/Telangana, and Maharashtra are the top three Indian states for sending students to study abroad. These three states send 12.5% of all Indian students who go to study abroad. Gujarat, Delhi, and Tamil Nadu each send 8%, and Karnataka sends 6%. It’s 33% for all other states put together, the study said.
A thorough look at the costs of studying abroad is also included in the report, which sheds light on the high costs Indian students face. This study showed how the mobility of Indian students affects the economy and how important it is to provide focused financial aid and scholarships right away.
This study talked about how hard it is for Indian students to find good housing in the countries where they are going. It emphasized how hard it is to find good living conditions and how services and processes need to be streamlined to make this easier.
The report said that governments all over the world should create a national housing strategy and work together to solve the problem of student housing. This could be done by setting national goals for the availability and affordability of student housing, making rules for local student housing policies, and giving money and resources to student housing projects.