Indian Students Spending on Overseas Education to Hit $70 Billion by 2025
This press release covers the number of Indian students opting for higher education overseas growing annually, and their abroad spending is set to hit $70 billion by 2025, according to India Today's report.
A rapid increase in Indian students' interest in overseas education has developed an insight for making a culture of going abroad a common area of interest among Indian students.
According to a report, the estimated direct spending for 2022 is expected to be around $47 billion, including tuition fees, accommodation, and other living costs. After all the research and analysis based on the current growth rate, this amount is prepared to rise further and reach $70 billion by 2025. Also, Gradding focuses on the importance of financial support through scholarships.
Know the Massive Growth of Indian Students Going to Abroad
Research has been done by University Living that says there is an increase in the number of Indian Students. One of the reports, titled “Beyond Beds and Boundaries”, estimated that the number of Indian Students studying abroad was over 1 million in 2019. It will likely reach between 1.5 and 2 million by 2025.
As per the reports, the United States, Canada, the United Kingdom, and Australia are the most chosen destinations for Indian Students. The combined student spending is projected to be under $34 billion this year. Indian Students spent about $5.9 billion in the UK, with approximately 1.32 lakh students studying there.
Make your journey for Studying AbroadWorry not! Our experts are there to help you to reach your preferred destination Explore the different countries!
Why Are Indian Students Seeking Their Education Abroad?
Mamta Shekhawat, founder of Gradding.com, recently talked about the sudden increase in Indian students going abroad for their higher education.
“Students can take advantage of the latest technology, research opportunities and top-notch facilities. This opens up a wide range of options for subjects, courses, and fields to choose from”.
She also added, “When it comes to higher education quality, quantity is the biggest challenge that students face since the need for top-ranked institutions has increased. Many Indian Students prefer studying in English-speaking countries, specifically the US, UK, Australia, Canada and Ireland. These countries are the most preferred choice by students due to the presence of top-ranking universities, specialized courses and better work opportunities.
According to Mamta Shekhawat, founder of Gradding.com, "The number of Indian students going abroad to study suddenly decreased during a pandemic. Moreover, with the reopening of international education, many students who had suspended their plans are now going abroad to study in various countries".
Gradding.com is a platform that will inspire students to go abroad for their higher studies. Plus, the number of Indian students who are spending on overseas education will hit $70 billion by 2025. Studying abroad is a chance to engage yourself in a foreign culture. You get to experience a different way of life, which broadens your horizons and helps you appreciate diversity. Studying abroad proves that you are adaptable, independent, and able to work in a global environment.
The Gradding platform will help you know about every aspect of studying abroad and will make your journey abroad simple.