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U.S.: No More Favorite Hotspot For Indian Students
BANGALORE: America, the country which has experimented with democracy for more than 200 years is strong economically as well as has more institutions of higher education than any other country. But despite the numbers many students are deciding to drop the plan of doing higher studies in the U.S. due to the jump in depreciating rupee and the overall return on investment, as reported by Deepa Nair of BusinessLine.
The job market slowdown and opportunities took a beating in other destinations such as Singapore, New Zealand and Dubai wherein it resulted in a continuous decline in the number of Indian students studying in the U.S.
According to the Educational Exchange Data released by the Institute of International Education, it was said that there has been a continuous decline in the overall number of Indian students studying in the U.S. in the last three years.
To further breakdown into the details, it is said that since 2009, the number of undergraduate Indian students taking up higher studies in the U.S. has declined by 16 percent to 12,740 as compared to 15,192 in 2012-13 . Similarly, the number of graduate Indian students in the U.S. further declined by 20 percent to 54,607 in 2012-13 from 68,290 in 2009-10.
According to the RBI data the stats showed that there was a decline in amount spent by Indian students on studies abroad, and this further resulted in a drop in the amount from about $218 million in 2009-10 to $125 million in 2012-13.
U.S.: No More Favorite Hotspot For Indian Students
