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May 2008

Indian students spend $ 13 bn a year on education abroad, says Assocham

By Tarunkumar Singhal, Raman Jokhakar
Chartered Accountants
Reading Time 1 mins
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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)

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