India is one of the top five countries in the world from where students go overseas to pursue higher education. Some estimates suggest that by 2024, there may be 1.8 million Indian students studying abroad. India’s top travel destinations for students include the US, UK, Canada, and Australia. But, things are changing as some of the leading countries have revamped their immigration laws and rules for international students.
In an email to Financial Express Online, Lil Bremermann-Richard, Group CEO, Oxford International Education Group, discusses the sentiment among Indian students after their favourite countries changed the criteria for international students.
With certain countries tightening their immigration laws for international students, how is the general mood among students planning to pursue foreign education?
In the past few months, we have seen announcements from UK, followed by Australia and more recently Canada. It is rather unheard of to have three out of the four key destinations announce restrictive changes to immigration and student inflow.
This is partly the impact of the rapid growth we saw post-covid, with existing demand for studies being realised as the world came back to ‘normal. It is also an impact of student numbers representing a large number and therefore becoming relevant in the context of pre-election
There is certainly uncertainty and this creates a prevailing sense of apprehension among students intending to pursue foreign education. Recent reports have underscored this sentiment, revealing a significant decline in Indian students applying for overseas studies in 2024, but inquiries for overseas education from India
Many students harbour concerns regarding their ability to secure visas, potential limitations on employment opportunities, and the overall reception they may encounter in their chosen study destination.
Such uncertainty may compel some students to reassess their plans or seek alternative options for higher education, delay their decision until as late as possible or ‘hedge their bets’ by applying to different destinations.
Which are the new-age courses preferred by Indian students?
The career-focused Indian students are very particular about the courses they choose, because they choose them to acquire the skill sets required for making their mark in today’s highly competitive job market
How has been the placement scenario globally?
The placement landscape globally has been experiencing fluctuations, influenced by various factors including economic conditions and industry
While some regions and sectors have maintained robust job markets with ample opportunities for graduates, others have encountered challenges such as stagnant growth or job market saturation.
Having said that, for example in the UK, there are still more roles available than people with skills to fill them. It is therefore more important than ever for students to not only learn the theories and practical skills but also focus on developing their ability to pitch their unique profile, their resilience and adaptability, the need for continuous training and self-development to enhance one’s skill set, as well as networking, including exposure to role models for skills and behaviours. These remain crucial for securing employment opportunities in a competitive global landscape.
How do foreign education and the economic growth story of India complement each other?
Foreign education has enabled knowledge transfer, global awareness and leadership skills development and helped power and accelerate many economies in the past. This is no different for India’s economic growth story.
Acquiring education from prestigious international institutions can equip Indian students with valuable skills, knowledge, and global perspectives, enhancing their employability and contributing to India’s human capital development.
Secondly, returning graduates often bring back expertise, innovative ideas, and international networks that can positively impact India’s economy
Additionally, a skilled workforce with international exposure can attract foreign investment, foster innovation, and contribute to India’s competitiveness in the global marketplace.
Overall, foreign education can serve as a catalyst for India’s economic growth by nurturing talent, fostering innovation, and enhancing global engagement.
