The number of Indian students going overseas for under-graduate and post-graduate studies is expected to increase by 50% over the next five years due to a manifold increase in their family incomes, a placement expert said in Singapore, Aug. 11, writes Gurdip Singh. – @Siliconeer #Siliconeer #IndianStudentsinUS #IndianStudentsinUK #Indianstudentsabroad #lifestyle #education
“We see, conservatively, a 50 percent increase in Indian students going to the U.S. and UK for under-grad and post-grad studies over the next five years. This is strongly supported by the growing disposal income of their families,” said Rohan Pasari, co-founder and CEO of Cialfo, a Singapore-based education technology (edtech) firm.
Pasari noted the Indian students’ strong interests in acquiring international education and experiences for placing themselves in the top range of professionals, both in India and globally.
He pointed out the 100% growth seen in Chinese students that entered universities in the U.S. to acquire international education during the early pick up of Chinese economy.
“It is the same scenario for Indian students from now,” Pasari said.
“We will now reach more students, tapping into the multi-billion dollar a year opportunity of helping Asian students find their ideal university,” he said, estimating the annual Asian student market value at $4 billion in the UK and U.S. universities.
Investors estimate the market value of global students in the UK and the U.S. at $80 billion a year.
Indian students accounted for 4.3% or 21,000 of the 493,570 international students in the UK in 2013-14, according to the British Council.
There were 132,888 Indian students out of the 627,306 Asian students in the U.S. in 2014-15, according to the Institute of International Education.