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13 Indian students spend $ 13 bn a year on education abroad, says Assocham
Industry body Assocham today said over $ 13 billion is spent
every year by about 450,000 Indian students on higher education abroad as they
are not accommodated by domestic institutions.
Over 90% of students appearing for IIT and IIM entrance
examinations are rejected due to capacity constraints, of which the top 40% pay
to get admission abroad.
(Source : Business Standard, 18-3-2008)
