Indian Students' Mounting Spending on Overseas Education: Inflating Vistas and Finances
Sulekha Study Abroad: From Expert Guidance to Global Opportunities.
- Comprehensive Guidance: Expert advice on universities, courses, and scholarships.
- Top Destinations: Insights into renowned study-abroad countries.
- Up-to-date data: Information on foreign entrance exams, deadlines & accreditation.
- Personal Growth: Cultural immersion, independence, and global perspective.
- Enhanced Support: NEHA Chatbot for instant answers and guidance.
- Expert Consultation: Personalized advice from verified professionals.
A decade ago, studying abroad was the talk of the town in India. Still, it never seemed feasible for the working-class people as it demanded substantial financial backup, and aspiring students were seemingly reaching for the stars beyond their belt, which sealed an unfavorable fate for thousands below the economic scale.
But so little did you know that it was the beginning of something incredible to pan out in the future.
Fast-forward to 2023, according to the Indian Student Mobility Report 2023, Indian students invest much more in overseas education than in any other country. The aspiration to pursue an abroad education seems more than just a trendsetter; it’s an inevitable goal for students who want to experience education and university life outside India. In recent years, a constant appetite for high-quality education, exposure to diverse cultures, and better job prospects has mushroomed. Now, study abroad is yet the ultimate prize among Indian students. More and more students are willing to stretch their budgets to study overseas, indicating a shift in educational priorities. As students aim to broaden their horizons and establish a global network, the appeal of international education is increasing, shaping the future of India's education landscape.
According to the Student Mobility Report, Indian students opting for higher education overseas grow annually, and their abroad spending is set to hit $70 billion by 2025.
Furthermore, the report also states that around 1.3 million Indian students are currently studying abroad in 2023, representing top states like Maharashtra, Punjab, Andhra Pradesh/Telangana.
The report also uncovers the students’ interests in preferred host destinations like New Zealand, Canada, the USA, the UK, Australia, and Ireland. Also, recent interest in other countries, including Germany, Kyrgyzstan, Ireland, Singapore, Russia, Philippines, France, and New Zealand, has emerged as preferred destinations for students seeking affordable overseas education. These nations bring an average of 4-5 billion annually and contribute insignificantly compared to other top countries.
The report reveals that 12.5% of students going abroad are from Maharashtra, Uttar Pradesh, and Andhra Pradesh, making them the top three contributors. Following are Gujarat, Delhi, and Tamil Nadu with 8% each and Karnataka at 6%. The remaining states contribute 33% to the total number of students abroad. The report also provides a detailed analysis of the financial aspects of studying abroad, highlighting the substantial expenses incurred by Indian students. It emphasizes the economic impact of Indian student mobility and the need for targeted financial support and scholarships.
Conclusion:
Indian students increasingly pursue overseas education, spending more to achieve their aspirations. The investment, though substantial, is outweighed by the invaluable knowledge, cultural exposure, and personal growth they gain. This represents an investment in a future that transcends geographical boundaries. This is also expected to be multifold in the forthcoming years and could probably be the first nation with more outgoing International students.
Recently Added Study Abroad Blogs
- Blekinge Institute of Technology: Admissions, Courses, Scholarships, Accommodations and Placements
- Beginners Bucket List for Studying in France
- University of Adelaide: Ranking, Courses, Admission, Fees, Scholarship & Placements
- What Are The Top 5 Jobs In The US?
- Study in Finland: Intakes and Seasons
- University of Bologna: Ranking, Courses, Admission, Fees, Scholarship & Placements
- Finding Opportunities to Study and Work Abroad
- Top Courses to Study in Sweden: Explore Opportunities in 2023
-
Monika Answered on 20/12/2023
Studying MBBS in the USA can cost between $30,000 and $60,000 per year, which doesn't include additional expenses like living costs and health insurance. For instance, renowned institutions in urban areas may have higher fees than universities in suburban or rural settings. In addition to tuition, Indian students need to consider other essential costs.
 The approximate cost of living in the USA varies: housing ($1,000 to $2,500/month), food ($300 to $500/month), transportation ($70 to $120/month for public transit), utilities ($150 to $250/month), healthcare (a few hundred dollars/month), and miscellaneous expenses ($200 to $400/month).While the upfront costs can seem substantial, prospective students should explore financial aid opportunities, scholarships, and grants.
Many universities and private organizations in the USA provide financial assistance to international students based on merit or need. This financial support can significantly alleviate the overall cost of pursuing a medical degree. Researching specific universities is crucial to obtaining accurate and up-to-date information on fees and available financial aid.
Students should consider the overall environment, quality of education, and potential for research or clinical experience when selecting a university in the USA for their MBBS program. Connect with Sulekha Study Abroad Experts now!Read More(2)(0)Have questions about studying abroad? Ask NEHA, your study abroad companion!
Top Study Abroad Consultants
-
O
Services: Study Abroad
About:Orion Edutech is an NSDC partnered and ISO 9001:20 Read moreOrion Edutech is an NSDC partnered and ISO 9001:2015 certified company. We aim to encourage and assist students to achieve their dreams of studying in abroad at a cost-effective package and well- informed professional guidance. Our highly dedicated team ensures that the students and parents are given complete support beginning from the pre-application process to follow-up post-admission. Vision: As Orion Edutech counsellors our view is to empower students to visualise and actualise their g
Review: Good guidance and illustration of opportunities
-
I
Services: Study Abroad,Foreign education entrance exam coaching
About:Read moreIntuit Education is a trusted partner for students seeking international education. They guide aspiring students through the complex process of studying abroad. Their expert team provides personalized counselling, visa assistance, and course selection. They also collaborate with top universities worldwide, ensuring students find the right fit for their academic goals. Whether it’s test preparation, application guidance, or cultural adaptation, Intuit Education is committed to shaping successful global graduates. 
What does Intuit Education, Mumbai offer?  Services Offered- Visa Processing
- Application Guidance
- Financial Documentation
Success Stories- Visa Success Rates
- Scholarship Grant Achievements
- Admissions to Top-Ranked Institutions
Partner Countries- UK
- USA
- Canada and Australia
Facilities/ Features- Targeted Test Preparation
- Experienced Faculty
- Result-Oriented Coaching
Intuit Education is a trusted partner for students seeking international education. They guide aspiring students through the complex process of studying abroad. Their expert team provides personalized counselling, visa assistance, and course selection. They also collaborate with top universities worldwide, ensuring students find the right fit for their academic goals. Whether it’s test preparation, application guidance, or cultural adaptation, Intuit Education is committed to shaping successful global graduates. 
What does Intuit Education, Mumbai offer?  Services Offered- Visa Processing
- Application Guidance
- Financial Documentation
Success Stories- Visa Success Rates
- Scholarship Grant Achievements
- Admissions to Top-Ranked Institutions
Partner Countries- UK
- USA
- Canada and Australia
Facilities/ Features- Targeted Test Preparation
- Experienced Faculty
- Result-Oriented Coaching
Review: It was a very helpful and supportive session.
-
H
Services: Study Abroad,Visa consultants
About:Harjai Global Gurukul (HGG) offers a one-stop solu Read moreHarjai Global Gurukul (HGG) offers a one-stop solution for all international education needs of a student. An international education equips the student for growing global business competition and the heightened compulsion for specialisation. We are a solution-oriented company with a clear vision and a simple approach. Harjai Global Gurukul is a Certified by British Council of the British High Commission for education in the UK. This gives Harjai Global Gurukul an edge as the partnership enables
Review: I wanted to take a moment to express my deepest gratitude to Aarti Ma’am and her entire team especially Saima, Trupti and Bhakti for the invaluable support and guidance you provided throughout my journey to study in the UK. From the very beginning, when I first walked through your doors seeking assistance with the UK study admission process, I was greeted with professionalism and warmth. The team's expertise and commitment to helping students achieve their dreams were evident from the very start. HGG guidance and meticulous attention to detail was instrumental in helping me select the right course and institution that aligned perfectly with my career goals. Your extensive knowledge of the UK education system, as well as your insight into the various universities and courses, made the decision-making process much more manageable and less overwhelming. Please continue your fantastic work in guiding and shaping the future of students like me.
-
S
Services: Study Abroad
About:Read moreS P Study Abroad Consultants, based in Thane, is a student visa specialist catering to aspiring students seeking education opportunities abroad. With expertise in guiding students to study in USA, Canada, UK, Australia, and 27 other countries, they offer guidance and support for over 1,000 courses. Their mission is to shape students’ futures by providing comprehensive services, including visa assistance and university selection. Whether it’s pursuing an M.B.B.S. degree or exploring top universities, S P Study Abroad Consultants is committed to helping students achieve their international education goals. 
What does S P Study Abroad Consultants, Mumbai offer?   Services Offered- Visa Processing
- Visa Assistance
- University Selection
Success Stories- Served > 1 Million Customers
- Students in 30+ countries
Partner Countries- USA
- Australia
- Canada and more
Facilities/ Features- Study Visa
- College Research
S P Study Abroad Consultants, based in Thane, is a student visa specialist catering to aspiring students seeking education opportunities abroad. With expertise in guiding students to study in USA, Canada, UK, Australia, and 27 other countries, they offer guidance and support for over 1,000 courses. Their mission is to shape students’ futures by providing comprehensive services, including visa assistance and university selection. Whether it’s pursuing an M.B.B.S. degree or exploring top universities, S P Study Abroad Consultants is committed to helping students achieve their international education goals. 
What does S P Study Abroad Consultants, Mumbai offer?   Services Offered- Visa Processing
- Visa Assistance
- University Selection
Success Stories- Served > 1 Million Customers
- Students in 30+ countries
Partner Countries- USA
- Australia
- Canada and more
Facilities/ Features- Study Visa
- College Research
-
P
Services: Study Abroad
About:A boutique firm offering holistic solutions to you Read moreA boutique firm offering holistic solutions to youngsters in their quest for best career options and overseas study opportunities. through a scientific process, we help candidates understand better about optimal career options, and create a success plan to achieve the goal . For overseas study options, we assist the candidates with the best study option, and the entire application to Visa process. We help with countries like USA, UK, Canada, Australia, Ireland, Germany, Sweden, France, New Zeal
-
E
Services: Study Abroad
About:Read moreWith a decade of experience, Edifice Education is dedicated to mentoring Indian students aspiring to study abroad. As premier overseas education consultants, their student-centric approach focuses on nurturing career growth. They adeptly guide students in selecting professional courses aligned with their aptitude and interests, ensuring informed decisions. Edifice Education offers comprehensive support, furnishing accurate details on countries, universities, admissions, fees, and visa procedures. Their success is measured by the smiles and gratitude of their students, reflecting their commitment to excellence.  
What Does Edifice Education, Mumbai, Offer?   Services Offered- Admission& Application Assistance
- Educational Loan Guidance
- Course/University selection
Success Rate- High application approval rate
- Testimonials & Positive feedback
Partnered Countries- Russia
- Poland
- Germany
Features/Facilities- Visa documentation & Application
- Career Counselling
- Foreign Exchange & Travel Arrangement
With a decade of experience, Edifice Education is dedicated to mentoring Indian students aspiring to study abroad. As premier overseas education consultants, their student-centric approach focuses on nurturing career growth. They adeptly guide students in selecting professional courses aligned with their aptitude and interests, ensuring informed decisions. Edifice Education offers comprehensive support, furnishing accurate details on countries, universities, admissions, fees, and visa procedures. Their success is measured by the smiles and gratitude of their students, reflecting their commitment to excellence.  
What Does Edifice Education, Mumbai, Offer?   Services Offered- Admission& Application Assistance
- Educational Loan Guidance
- Course/University selection
Success Rate- High application approval rate
- Testimonials & Positive feedback
Partnered Countries- Russia
- Poland
- Germany
Features/Facilities- Visa documentation & Application
- Career Counselling
- Foreign Exchange & Travel Arrangement
Review: Nice really good I loved it
-
I
Services: Study Abroad
About:Read moreInfocus Overseas Education, a leading overseas education consultancy, offers a comprehensive solution for students aspiring to study abroad. With a commitment to simplifying the entire process, their services are provided free of charge. Specializing in professional career counselling, they guide students in India towards pursuing further education in countries like Canada, New Zealand, the USA, Australia, and the UK. The consultancy assists in choosing courses and institutions, covering a diverse range of undergraduate and postgraduate programs. Their support extends to application procedures, visas, scholarships, and related topics, ensuring students decide on the right course and institute for their aspirations.  
What Does Infocus Overseas Education Consultants, Mumbai, Offer?  Services Offered- - International education guidance
- - IELTS training by TESOL-certified trainers
Success Rate- Impressive 99% visa success rate
Partnered Countries- UK, USA, Australia, New Zealand and Ireland
Features/Facilities- - Application support, chauffeur services, mentoring
- - Certified counselors/advisors
Infocus Overseas Education, a leading overseas education consultancy, offers a comprehensive solution for students aspiring to study abroad. With a commitment to simplifying the entire process, their services are provided free of charge. Specializing in professional career counselling, they guide students in India towards pursuing further education in countries like Canada, New Zealand, the USA, Australia, and the UK. The consultancy assists in choosing courses and institutions, covering a diverse range of undergraduate and postgraduate programs. Their support extends to application procedures, visas, scholarships, and related topics, ensuring students decide on the right course and institute for their aspirations.  
What Does Infocus Overseas Education Consultants, Mumbai, Offer?  Services Offered- - International education guidance
- - IELTS training by TESOL-certified trainers
Success Rate- Impressive 99% visa success rate
Partnered Countries- UK, USA, Australia, New Zealand and Ireland
Features/Facilities- - Application support, chauffeur services, mentoring
- - Certified counselors/advisors
Review: ndjdjene shrines skndjdbebs d
-
A
Services: Study Abroad
About:Welcome to Alzato Education Private Limited, your Read moreWelcome to Alzato Education Private Limited, your one-stop destination for top-notch education abroad. Our establishment, located in the bustling area of Sukhliya, has been providing exceptional services in overseas education for students of all backgrounds since 0. Our team of dedicated professionals offers a wide range of programs in engineering, journalism, MBA/BBA, aviation, and more, with a special focus on countries like Canada, Switzerland, Australia, and New Zealand. Our aim is to help y
-
S
Services: Study Abroad
About:Read moreStudy Metro, founded in 2011, is a leading education consultancy dedicated to enabling overseas education opportunities for students across diverse fields. It offers various study options, including Agriculture, Engineering, Medicine, and more, ensuring students can pursue their preferred disciplines internationally. With expertise in the application process for various countries like Australia, Canada, the UK, and the USA, they provide tailored guidance on admission requirements, documentation preparation, and visa processes. Their team of 150 experienced counselors works closely with students to offer personalized services, empowering them to make informed decisions about their academic journey abroad.    
What Does Study Metro, Mumbai, Offer?   Services Offered- Application & Admission assistance
- Scholarships, & other financial aid options
- Course/University selection
Success Rate- High visa approval rate
- High application success rate
Partnered Countries- UK
- Australia
- Canada
Features/Facilities- Career counselling
- Expert faculty
- Comprehensive support
Study Metro, founded in 2011, is a leading education consultancy dedicated to enabling overseas education opportunities for students across diverse fields. It offers various study options, including Agriculture, Engineering, Medicine, and more, ensuring students can pursue their preferred disciplines internationally. With expertise in the application process for various countries like Australia, Canada, the UK, and the USA, they provide tailored guidance on admission requirements, documentation preparation, and visa processes. Their team of 150 experienced counselors works closely with students to offer personalized services, empowering them to make informed decisions about their academic journey abroad.    
What Does Study Metro, Mumbai, Offer?   Services Offered- Application & Admission assistance
- Scholarships, & other financial aid options
- Course/University selection
Success Rate- High visa approval rate
- High application success rate
Partnered Countries- UK
- Australia
- Canada
Features/Facilities- Career counselling
- Expert faculty
- Comprehensive support
-
N
NUMEN EDUSERVICES - Overseas Education Consultants In Mumbai
Services: Study Abroad
About:Welcome to NUMEN EDUSERVICES, the leading overseas Read moreWelcome to NUMEN EDUSERVICES, the leading overseas education consultants in Mumbai. Our team of experts is dedicated to helping students achieve their dreams of studying abroad. Our services include guidance for various fields such as engineering, journalism, MBA/BBA, aviation, agriculture, and more. With our expertise and experience, we have successfully helped students get admission to top universities in countries like Canada, France, Singapore, Australia, and more. Our office is located in A
Review: My job done no need thanks
-
F
Services: Study Abroad,Finance certification tuitions,Professional accounting tuitions,CFA tuitions
About:FPA - Financial Planning Academy is a tech-driven Read moreFPA - Financial Planning Academy is a tech-driven educational training academy that has tremendous core expertise in transforming careers and making our learners achieve their globally desired outcomes. Our key areas of coaching are accounting, management, strategy, analytics, and finance. Get Trained for ACCA, CPA US, CFP CMA & CFA.
Review: Good Communication 5/5 responsiveness 5/5 good price 5/5 ontime services 5/5 Service Quality 5/5
-
E
Services: Study Abroad,Visa consultants,Foreign education entrance exam coaching
About:Read moreWith 20+ years of experience, Excel Overseas has been guiding students since 2004. Excel Overseas is the one-stop solution for your overseas education dream! They offer a variety of services ranging from Counselling, Application processing, Education loans, Visa assistance, Forex, etc. They assist students seeking higher education in countries including UK, Canada, Australia, New Zealand, Ireland, Dubai, and others. 
What does Excel Overseas, Mumbai offer? Services Offered- College Research
- Visa Processing
- Application Guidance
Success Stories- High Visa Success
- Top Scholarship Awards
Partnered Countries- USA
- UK
- Canada and more
Features/ Facilities- Visa Application Support
- Personalized Application Assistance
- Scholarship Search and Guidance
With 20+ years of experience, Excel Overseas has been guiding students since 2004. Excel Overseas is the one-stop solution for your overseas education dream! They offer a variety of services ranging from Counselling, Application processing, Education loans, Visa assistance, Forex, etc. They assist students seeking higher education in countries including UK, Canada, Australia, New Zealand, Ireland, Dubai, and others. 
What does Excel Overseas, Mumbai offer? Services Offered- College Research
- Visa Processing
- Application Guidance
Success Stories- High Visa Success
- Top Scholarship Awards
Partnered Countries- USA
- UK
- Canada and more
Features/ Facilities- Visa Application Support
- Personalized Application Assistance
- Scholarship Search and Guidance
Review: Hello I'm aniket adsure. I have taken overseas education consultancy from Excel overseas. Through out my application they supported me on every aspect. Special thanks to vinita dabholkar ma'am for clearing my doubts and providing me the best councelling on every step