The report, providing insights into the overall count of Indian students studying abroad in 2022, highlights that the UK witnessed the most substantial year-over-year growth at 49.6 percent, followed closely by Canada at 46.8 percent. In contrast, Australia experienced a modest surge of 0.7 percent, and the US saw growth at 18.9 percent.
The landscape of preferred study destinations for Indian students has experienced a notable shift in the past year, according to The Indian Students Mobility Report 2023. While Canada and the US continue to dominate as the top choices, Australia has conceded ground to the UK, rising to the third position from its original fourth.
The report, providing insights into the overall count of Indian students studying abroad in 2022, highlights that the UK witnessed the most substantial year-over-year growth at 49.6 percent, followed closely by Canada at 46.8 percent. In contrast, Australia experienced a modest surge of 0.7 percent, and the US saw growth at 18.9 percent.
For three out of the last four years, Canada has been the primary choice for Indian students, with the US securing the top spot in 2021. Australia, consistently holding the third position, saw a reversal in 2022 as it shifted to the fourth spot. Despite concerns about potential diplomatic tensions between India and Canada affecting projections, the report suggests that student interest remains largely unaffected.
Over the past five years, Canada has significantly increased its intake from India by over 86%, nearly doubling its numbers since 2018. However, projections indicate a potential slight decline in momentum for Canada in the coming years. On the other hand, Australia’s standing as a top international student destination has gradually diminished over the same period, slipping from the second position in 2019 to the fourth spot in 2021.
The report introduces three fundamental matrices to provide a comprehensive understanding of the Indian student’s journey within the study abroad ecosystem. These matrices serve as strategic tools for educational institutions, policymakers, and students, offering actionable insights into overseas education.
These figures underscore the significant economic impact of Indian students studying abroad, emphasizing their role in contributing to the economies of these study destinations
In terms of spending on study abroad, the report reveals that nearly 8.5 lakh students are pursuing higher education abroad in just four countries – the US, UK, Australia, and Canada – collectively spending close to US$34 billion in 2023.
Breaking down the expenditure for each country:
United States: Indian students, numbering around 2,40,000, significantly contribute to the US economy with a total expenditure of US $12.48 billion. This includes US $7.2 billion towards academic fees, US $2.9 billion for accommodation, and US $2.4 billion on other living expenses.
Canada: Approximately 3,00,000 Indian students in Canada have an estimated total expenditure of US $11.7 billion. This includes US $6 billion on academic fees, US $3 billion for accommodation, and US $2.7 billion on other living necessities.
United Kingdom: Around 132,000 Indian students in the UK have an estimated total expenditure of US $5.9 billion, covering academic fees, accommodation, and other living expenses.
These figures underscore the significant economic impact of Indian students studying abroad, emphasizing their role in contributing to the economies of these study destinations.
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