Indian college students contributed USD 7.6 billion to US financial system final yr


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Indian college students contributed USD 7.6 billion to the US financial system within the educational yr 2019-20, though there was a four.four per cent drop within the whole variety of Indian college students, in response to a report.

China remained the most important supply of worldwide college students within the US, with the variety of Chinese language college students within the nation rising for the 16th consecutive yr. There have been over 372,000 Chinese language college students within the U.S. throughout 2019-20 yr, mentioned the report “Opens Doorways 2020.”

India remained the second largest supply of worldwide college students, regardless of a four.four per cent decline to 193,124 college students, it mentioned.

In accordance with the report, launched by the US Division of State’s Bureau of Academic and Cultural Affairs and the Institute of Worldwide Training (IIE), for the fifth consecutive yr the US hosted greater than 1 million worldwide college students (1,075,496) in an educational yr.

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Regardless of a slight decline (1.eight per cent) within the variety of worldwide college students in the US through the 2019-20 educational yr, this group nonetheless represents 5.5 per cent of all college students in US greater training system.

In accordance with the US Division of Commerce, worldwide college students contributed USD 44 billion to the US financial system in 2019, together with USD 7,69 billion from Indian college students.

“We’re inspired to see a fifth yr of greater than 1 million worldwide college students in the US earlier than the pandemic,” mentioned Marie Royce, Assistant Secretary of State for Academic and Cultural Affairs.

“Worldwide scholar mobility is as necessary immediately as ever, and we consider the US is one of the best vacation spot for college students to review and earn their levels. Training is a pathway to a higher future and worldwide instructional alternate has the facility to rework college students’ trajectories,” Royce mentioned.

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Among the many prime 20 locations of origin, the most important share will increase had been college students from Bangladesh (+ seven %), Brazil (+ 4 %) and Nigeria (+ three %).

Saudi Arabia noticed the most important share lower (- 17 %) primarily because of modifications in its authorities’s scholarship program.

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