A 2021 analysis from RedSeer Strategy Consultants tracks the rapid growth in Indian outbound through 2019, at which point there were nearly 800,000 students studying abroad.
That total is projected to more than double again by 2024 to reach up to 1.8 million outbound students with total spending forecast at between US$75-US$85 billion by that point (a spending outlook that reflects anticipated inflation in tuition fees as well as living expenses).
This further surge in Indian numbers comes on top of a period of significant growth leading up to the start of the COVID-19 pandemic, such that India quickly became a top sender for leading destinations, notably Canada, the US, Australia, and the UK.
Those countries will remain among the top choices for Indian students going forward, but observers expect larger volumes to flow to a wider range of host countries as well, including Germany, Italy, China, Russia, Turkey, and Ireland.
For further information visit: https://monitor.icef.com/2022/08/forecast-projects-1-8-million-indian-students-abroad-by-2024/
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