Even though the number of Indian students opting for higher education overseas grows annually, their abroad spending is set to hit $70 billion by 2025, the latest Indian Student Mobility Report 2023 by Global Education Conclave estimates.
According to the report, around 1.3 million Indian students are studying abroad in 2023, with Andhra Pradesh /Telangana, Punjab and Maharashtra as the top Indian states for outgoing students.
The report titled “Beyond Beds & Boundaries: Indian Student Mobility Report, 2023,” offers insights into the dynamics of Indian students pursuing higher education abroad, with a particular focus on the United States, the United Kingdom, Canada, and Australia.
The report highlighted that recently other countries including Germany, Kyrgyzstan, Ireland, Singapore, Russia, Philippines, France, and New Zealand have also emerged as preferred destinations for studying abroad. Traditionally, Indian students have preferred countries like US, Canada, UK and Australia.
Punjab, Andhra Pradesh/ Telangana and Maharashtra are the top states in India in terms of students going abroad, the report said adding that 12.5 per cent each from all these states contribute to the number of students going abroad followed by Gujarat, Delhi and Tamil Nadu with 8 per cent each and Karnataka at 6 per cent. Other states combined is 33 per cent, the report said.
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The report also provides a detailed analysis of the financial aspects of studying abroad, shedding light on the substantial expenses incurred by Indian students. This analysis highlighted the economic impact of Indian student mobility and also underscored the pressing need for targeted financial support and scholarships.
This report addressed the difficulties faced by Indian students in finding suitable accommodation in their destination countries, emphasising the complexities of securing appropriate living conditions and the necessity for streamlined processes and support services to alleviate these challenges.
Governments across the world need to put in place a national housing strategy, establish a clear, comprehensive, and coordinated approach to addressing the student housing problem through setting national goals for student housing availability and affordability, establishing guidelines for local student housing policies, and providing funding and resources for student housing initiatives, the report suggested.
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First published on: 29-10-2023 at 11:48 IST