Home Education More than 18 million Indian students will go overseas to study by...

More than 18 million Indian students will go overseas to study by 2024: Report

More than 18 million Indian students will go overseas to study by 2024: Report

In the next few years, almost 18 lakh Indian students will choose to attend colleges and institutions outside of the country. Students’ amount of money on education is expected to rise to $75-85 billion by 2024. Due to international border closures in the fight against Covid, the industry’s growth was slowed in 2020-21.

Key Highlight:

  • Students’ amount of money on education is expected to rise to $75-85 billion by 2024.
  • Due to international border closures in the fight against Covid, the industry’s growth was slowed in 2020-21.
  • An estimated 7,00,000 pupils expressed an interest in studying abroad in 2019.
  • The number of Indian students studying abroad has increased by 20% since 2016.

The number of Indian students studying abroad is expected to rise to over 18 lakh by 2024 when international borders reopen due to the easing of the Covid situation in India.

While the number of students who want to study overseas is rising, and the number of students leaving the country is also growing, student spending is surging. It is expected to reach $75-85 billion by 2024, a two-fold increase from 2019.

While international borders were closed to combat Covid in 2020-21, the sector is now likely to regain speed as things return to normal, according to a report by Bengaluru-based market research firm RedSeer.

“We’re optimistic about the future growth of this market area. According to our estimates, there would be roughly 18 lakh Indian students studying overseas by 2024, “Engagement manager Abhishek Gupta at RedSeer echoed this sentiment.

An estimated 7,00,000 pupils expressed an interest in studying abroad in 2019.

“Around 420k students left for the first time this year, but the overall number of applicants was around 1.7 times greater. One reason for the huge growth is that GDP has risen over the last two decades, which has led to more consumption and knowledge of international schooling. “Gupta brought up the subject.

In 2016-19, outflow rates grew six times faster than domestic student growth, demonstrating the enormous demand in this particular market area today.

“We found that the number of Indian students studying abroad has increased by 20% since 2016, from 440K to 770K. The domestic region’s rise, on the other hand, has been only 3 percent when compared to the demand for education abroad, “informed the expert.

IIT Researchers Develop Catalytic Structures to Produce Ammonia From Solar Energy
Researchers from IIT Mandi, IIT Delhi, and Yogi Vemana University have created an inorganic catalyst that

Research Team At IIT Delhi Develops Catalytic Technology For Synthesis Of Chiral Molecules
Chiral molecules are critical components of medicines, agrochemicals, and physiologically active substances.

Research at IIT Hyderabad develops a hydrogel that regenerates corneas
There’s a new way to prevent corneal scarring courtesy to scientists from the Indian Institute of Technology,

Four new eMasters degree programmes are now available at IIT Kanpur for working professionals
The four eMaster’s degrees are in Communication Systems, Cybersecurity, Power Sector Regulation, Economics

IIT Roorkee school for data science and AI is established in collaboration with the Mehta Family Foundation
At IIT Roorkee, Mehta Family School of Data Science & Artificial Intelligence (AI) will provide

Researchers at IIT Guwahati develop water-repellent materials for wearable motion sensors
Water-repellent material developed by IIT Guwahati researchers can be used to track a person’s movements in

Alumni Association of IIT Madras launches global mission to create a million smiles
More than 53,000 former students of IIT Madras make up the IIT Madras Alumni Association. Scientific,

Drone light show at IIT Delhi: All-India drone light show organized by Drone Federation of India
The Drone Federation of India put on a drone light show for the entire country. Drones produced in the

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here