For those who have made up their minds to study abroad, we give you the facts and figures that you will have to consider when you make your plans to apply for a foreign education
2.64LAKH
Indian Students were studying abroad in the year 2012
Each Indian student spends Rs. 10.22 LAKH per year according to the Ministry of Human Resource and Development
The number of students that were studying abroad in the year 2000 7 0 , 000
India is the second highest source of international students. China ranks first
THE UNITED STATES OF AMERICA
The most popular education destination for Indian students
The number of Indian students studying in the United States of America in 2012
1,03,968
Rs. 27,000CRORE
The total amount of money spent by Indian students every year in securing an education abroad
The most expensive country to study abroad is AUSTRALIA which has an average tuition fee of US$ 25,375 per year and an average cost of living of US$ 13,140 per year
GERMANY The cheapest, top-rated country to study in
S$ 635 Average tuition fees for international students in Germany for a year
US$ 5, 650 Average cost of living expenses in Germany for a year
LIBERALISED REMITTANCE SCHEME (LRS)
The policy implemented by the Reserve Bank of India to arrest the drop in the value of the rupee
US$ 75,000 The maximum amount of money that an Indian national can carry out of the country in a year
US$ 1 LAKH The additional maximum amount that can be remitted by an individual for overseas education over the LRS limit
US$ 124 MILLION
The amount of money spent on overseas education for the financial year 2012-13 according to the RBI
AUSTRALIA AND THE INDIAN STUDENT
In early 2009, Australia was the most popular country for Indian students choosing to study abroad with over 1,20,000 enrolling for programmes across Australia. However, after reported racist attacks against Indians later in the year, the number of students visiting Australia has dropped with every passing year. Just over 20,000 Indian students attended courses in Australia last year.
INTERNATIONAL STUDENTS IN THE UK
The United Kingdom is known to have a student-friendly culture and a good standard when it comes to quality of education. However, the changes in policies for international students have resulted in a drop in the number of international applicants. The UK has witnessed a 46% drop in student visas in 2013. The number of international students in UK dropped from around 2,42,000 in 2011 to 1,53,000 in 2012.
Volume 3 Issue 4
