Report: Canada and the US Remain Top Study Destinations for Indians, UK Surpasses Australia

Canada and the United States continue to be the top choices for Indian students studying abroad, according to The Indian Students Mobility Report 2023. However, there has been a shift in the rankings, with the United Kingdom overtaking Australia to claim the third position. The report, which provides an overview of Indian students studying abroad in 2022, highlights that the UK experienced the most significant year-on-year growth at 49.6 percent, followed by Canada at 46.8 percent. Australia saw a modest increase of 0.7 percent, while the US witnessed growth at 18.9 percent.

Canada has been the preferred destination for Indian students in three out of the last four years, with the US taking the top spot in 2021. Australia held the third position, and the UK was fourth in 2019, 2020, and 2021. However, the rankings changed in 2022, with the UK surpassing Australia. Canada showed the highest year-on-year growth rate in 2022, indicating a surge in demand for international education following the impact of the Covid-19 pandemic in previous years. Despite concerns about diplomatic tensions between India and Canada potentially affecting student interest, projections suggest that the demand will remain largely unaffected.

Over the past five years, Canada has significantly increased its intake of Indian students by over 86%, almost doubling its numbers. However, projections indicate a potential slight decline in momentum for Canada in the coming years. On the other hand, Australia’s position as a top destination for international students has gradually diminished over the past five years. It held the second position for total international students until 2019 but slipped to fourth place in 2021. In terms of Indian students heading to Australia, it dropped to the third spot in 2019 and further to fourth place in 2022.

The report introduces three core matrices that provide a comprehensive understanding of the Indian student’s journey within the study abroad ecosystem. These matrices serve as strategic tools for educational institutions, policymakers, and students, offering actionable insights into overseas education.

In terms of spending on study abroad, the report reveals that nearly 850,000 Indian students are pursuing higher education in the US, UK, Australia, and Canada, collectively spending close to US$34 billion in 2023. The breakdown by country is as follows:

– In the US, Indian students contribute significantly to the economy, with a total expenditure of approximately US$12.48 billion. This includes academic fees, accommodation, and other living expenses.
– In Canada, Indian students have an estimated total expenditure of approximately US$11.7 billion, including academic fees, accommodation, and other living necessities.
– In the UK, Indian students have an estimated total expenditure of approximately US$5.9 billion, which includes academic fees, accommodation, and other living expenses.

Overall, the report highlights the shifting preferences of Indian students studying abroad and the significant economic contributions they make to their chosen countries.