Indian students spending on education abroad projected to reach $70 Billion

Recent trends indicate that with the rise in Indian students spending on education, nations such as Germany, Kyrgyzstan, Ireland, Singapore, Russia, Philippines, France, and New Zealand are gaining traction. These countries are now joining the ranks of traditional favorites like the US, UK, Canada, and Australia among Indian students seeking international education.

Annual expenditure insights

The Global Education Conclave’s 2023 Indian Student Mobility Report projects that Indian students will spend a staggering $70 billion annually on international education by 2025.

State-wise breakdown of Indian students overseas

In 2023, influenced by the increasing Indian students spending on education, approximately 1.3 million Indian students sought education on international shores. Leading this pursuit were states like Andhra Pradesh/Telangana, Punjab, and Maharashtra, with each accounting for 12.5% of the students venturing overseas. Gujarat, Delhi, and Tamil Nadu followed, each contributing 8%, Karnataka at 6%, while the combined percentage from the remaining states amounted to 33%.

Firstly, let’s delve into the intricacies of Indian students’ preferences for global higher education. Specifically, we should emphasize the major draw of countries like the US, UK, Canada, and Australia.

Financial undertakings of studying abroad

Initially, the report delves into the financial commitments of Indian students abroad, highlighting the economic ramifications of their mobility. Furthermore, this exploration accentuates the urgency for specialized financial aids and scholarship schemes tailored specifically to their needs.

Accommodation Challenges for Indian Students 

Amidst the backdrop of the rising Indian students spending on education, the report pinpoints a significant issue: the accommodation challenges faced by Indian students abroad. Navigating the complexities of securing suitable living conditions necessitates a well-organized strategy and strong support mechanisms to address these challenges.

Recommendations for global student housing

The report advocates for international governments to devise holistic housing strategies for students. A unified approach, entailing the setting of clear housing goals, crafting local housing policies, and ensuring adequate funding for student accommodation initiatives, is deemed essential.

WRITTEN BY

Aastha

Study Abroad Expert

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