The document provides an overview of the growing market for Indian students pursuing higher education abroad. Some key points:
- The number of Indian students studying abroad has grown significantly in recent years, outpacing domestic enrollment growth over 6x from 2016-2019 to reach approximately 770,000 students.
- Most students go to Anglophone countries like the US, UK, Canada, and Australia, spending over $28 billion annually. The majority enroll in postgraduate programs.
- The growth is driven by factors like better quality education and outcomes abroad, gaps in India's education system, higher standards of living overseas, and rising incomes in India.
- States like Andhra Pradesh, Punjab and Maharashtra contribute a large share of
Capstone is a rich, complex business simulation designed to teach strategy, competitive analysis, finance, cross-functional alignment, and the selection of tactics to build a successful and focused company. As part of our tragic and disastrous campaign as Digby, we have put our learnings in the form of a presentation to save ourselves from getting a C grade !!
LightCastle Partners - Digital Commerce in Bangladesh : Policies & PossibilitiesLightCastle Partners
Despite the pandemic, Bangladesh, till Sep 2020, has clocked a GDP growth rate of 5.2% (ADB, 2020) - one of the highest in Asia.
Digital transactions are growing faster than ever. The first three quarters of 2020 saw a total od USD 65 billion+ digital transactions, where 72% of the transactions were dominated by MFS banking. With 96 million registered MFS users and USD 202 million daily MFS transactions, digital transactions can unlock new potentials of the digital commerce industry.
The eCommerce market (including f-commerce) has grown at a steady pace to USD 2.1 billion in 2020. The market holds the potential to become USD 3 billion by 2023 and can create around five lakh jobs in digital commerce industry.
Can the Digital Commerce Industry become a critical driving force of the future economy of Bangladesh?
LightCastle Partners presents "Digital Commerce in Bangladesh: Policies & Possibilities"
Capstone is a rich, complex business simulation designed to teach strategy, competitive analysis, finance, cross-functional alignment, and the selection of tactics to build a successful and focused company. As part of our tragic and disastrous campaign as Digby, we have put our learnings in the form of a presentation to save ourselves from getting a C grade !!
LightCastle Partners - Digital Commerce in Bangladesh : Policies & PossibilitiesLightCastle Partners
Despite the pandemic, Bangladesh, till Sep 2020, has clocked a GDP growth rate of 5.2% (ADB, 2020) - one of the highest in Asia.
Digital transactions are growing faster than ever. The first three quarters of 2020 saw a total od USD 65 billion+ digital transactions, where 72% of the transactions were dominated by MFS banking. With 96 million registered MFS users and USD 202 million daily MFS transactions, digital transactions can unlock new potentials of the digital commerce industry.
The eCommerce market (including f-commerce) has grown at a steady pace to USD 2.1 billion in 2020. The market holds the potential to become USD 3 billion by 2023 and can create around five lakh jobs in digital commerce industry.
Can the Digital Commerce Industry become a critical driving force of the future economy of Bangladesh?
LightCastle Partners presents "Digital Commerce in Bangladesh: Policies & Possibilities"
Shifting Trade Rules and the Future for North America’s Auto IndustryBoston Consulting Group
Two major initiatives by the US to overhaul trade rules could have a massive impact on North America’s automotive manufacturing industry. Here’s how companies should prepare.
The value of digitally influenced spending in emerging markets will approach $4 trillion by 2022, amounting to about 50% of all retail spending in Asia, Latin America, and Africa. But the dynamics will vary widely between markets, requiring B2C companies to “de-average” their offerings in order to succeed.
This a Case Study Analysis of the Case BigBasket.
This analysis is done as a part of the class activity and if anyone referring it can use it for educational purpose.
Like other prosperous American cities, greater Seattle currently finds itself in the unenviable position of possessing both enormous amounts of wealth and staggering levels of homelessness. These slides accompany the McKinsey & Company report that looks at homelessness in King County, published in January 2020.
About the Company and it’s Product.
Business Model
The Market and Marketing
SWOT Analysis
Competitive Analysis
Porter’s Analysis
Consumer Behaviour Analysis
Positioning and Targeting
BCG has launched its Telco Sustainability Index, designed to capture the four dimensions most relevant to a telco’s environmental strategy. The index tracks the company’s commitment to sustainability, its emissions intensity and that of its upstream and downstream partners, its elimination of waste, and its customer enablement.
Why Australia with Swis Immigration
• A good mix of universities, colleges and study centers
catering to all types of students (rankings, eligibility and
budget preferences)
• Consistently high visa success ratio over the last 6 years
• Experienced staff members providing end-to-end support
• Assistance for interviews and SoPs
Visit for more info - http://swisimmigration.com
BCG’s 2018 global challengers—100 rapidly globalizing companies from emerging markets—are getting ahead of the competition by using digital technologies.
Shifting Trade Rules and the Future for North America’s Auto IndustryBoston Consulting Group
Two major initiatives by the US to overhaul trade rules could have a massive impact on North America’s automotive manufacturing industry. Here’s how companies should prepare.
The value of digitally influenced spending in emerging markets will approach $4 trillion by 2022, amounting to about 50% of all retail spending in Asia, Latin America, and Africa. But the dynamics will vary widely between markets, requiring B2C companies to “de-average” their offerings in order to succeed.
This a Case Study Analysis of the Case BigBasket.
This analysis is done as a part of the class activity and if anyone referring it can use it for educational purpose.
Like other prosperous American cities, greater Seattle currently finds itself in the unenviable position of possessing both enormous amounts of wealth and staggering levels of homelessness. These slides accompany the McKinsey & Company report that looks at homelessness in King County, published in January 2020.
About the Company and it’s Product.
Business Model
The Market and Marketing
SWOT Analysis
Competitive Analysis
Porter’s Analysis
Consumer Behaviour Analysis
Positioning and Targeting
BCG has launched its Telco Sustainability Index, designed to capture the four dimensions most relevant to a telco’s environmental strategy. The index tracks the company’s commitment to sustainability, its emissions intensity and that of its upstream and downstream partners, its elimination of waste, and its customer enablement.
Why Australia with Swis Immigration
• A good mix of universities, colleges and study centers
catering to all types of students (rankings, eligibility and
budget preferences)
• Consistently high visa success ratio over the last 6 years
• Experienced staff members providing end-to-end support
• Assistance for interviews and SoPs
Visit for more info - http://swisimmigration.com
BCG’s 2018 global challengers—100 rapidly globalizing companies from emerging markets—are getting ahead of the competition by using digital technologies.
International Campuses are Now flooded with Indian Students have tended to favor pursuing their higher education ambitions abroad. An increase in interest in international education has been attributed to a variety of developments that have paved the way and improved it. Let's investigate this startling development and learn what is motivating an unprecedented number of Indian students to pursue higher education abroad.
Impact of International Student Enrollment on US Gross Domestic ProductDr. Amarjeet Singh
The goal of this paper is to analyze the impact of international student enrollments on the US real gross domestic product. It is hypothesized that an increase in international student enrollment tends to have a positive impact on US real gross domestic product. It is also hypothesized that an increase in economic impact of international students has a positive impact on the US real gross domestic product. A regression model is formulated that consists of percentage increase in real gross domestic product (economic growth rate) as the dependent variable. The independent variables used in the regression model are annual percentage increase in international student enrollments in the US and the annual percentage increase in economic impact of the international students in the US. Data is collected from 2009 to 2015 from the Bureau of Economic Analysis and NAFSA. It is important to analyze the rationale as to why highly skilled immigration is vital for promotion of entrepreneurship and innovation in the US economy. The current administration is trying to undermine the positive impact of highly skilled immigration on the US economy. The issue is critically important in the prevailing political climate in the US economy. An attempt is also made to formulate strategies that would help in mitigating negative outcomes such as potential declines in revenues for US universities as well as decline in research and grant funding that would arise due to decrease in international student enrolments.
INCREASING INTERNATIONAL STUDENT ENROLMENT IN VICTORIA FROM THE MIDDLE EAST A...Paul Brown
Promoting Melbourne and Victoria as a preferred destination for education services across all sub-sectors – higher education, vocational education and training, English language, schools and non-award – and for facilitating strategic partnership opportunities for Victoria's international education sector.
In recent years, an increasing number of students have been choosing to pursue their education abroad, embarking on transformative journeys that offer not only academic enrichment but also cultural experiences and personal growth. This growing trend has captured the attention of students, parents, educators, and policymakers alike, shaping the landscape of higher education and international relations. In this blog, we delve into the factors driving the rise in students going abroad and the far-reaching implications of this global phenomenon.
1. The Quest for Quality Education Beyond Borders:
One of the primary motivations behind the surge in students going abroad is the pursuit of high-quality education. Renowned universities and institutions around the world attract students seeking specialized programs, cutting-edge research opportunities, and exposure to diverse academic approaches. As students recognize the advantages of accessing top-tier education, they are increasingly willing to venture beyond their home countries to unlock new learning horizons.
2. Cultural Immersion and Personal Development:
Studying abroad offers more than just academic benefits—it’s a chance for students to immerse themselves in different cultures, languages, and ways of life. The experience fosters personal growth, independence, and adaptability, as students navigate unfamiliar environments and interact with peers from diverse backgrounds. This exposure to cultural diversity equips students with valuable life skills and a global perspective, enhancing their readiness for a connected and multicultural world.
3. Enhancing Career Prospects and Global Networking:
The international experience gained through studying abroad has become a significant asset in today’s competitive job market. Employers value candidates who possess cross-cultural competence, adaptability, and a broader outlook. Students who have studied abroad often demonstrate these qualities, making them attractive candidates for multinational corporations and organizations with a global presence. Additionally, the friendships and professional connections formed during international studies can pave the way for future collaborations and opportunities.
4. Evolving Government Policies and Scholarships:
Government policies and initiatives that promote international education have contributed to the rise in students going abroad. Many countries offer scholarships, grants, and financial incentives to attract international students, making education in foreign countries more accessible and affordable. These policies not only benefit students but also enhance cultural exchange and strengthen diplomatic ties between nations.
5. Technological Advancements Facilitating Mobility:
Advancements in technology have made it easier for students to access information about foreign universities, courses, and application processes. Online platforms enable seamless communication with educational institutions, simplifyin
Studying abroad is a dream of all ambitious students. While considering several countries as options for studying, France can be one of the best destinations, inviting many students each year worldwide. Click here to study the complete guide to Study in France for Indian Students by IF India.
Abroad Education loan - Persuasive Post Graduation courses of overseas for In...Rahul Singh
Not to forget the very essential factor related to overseas education is the fact that in the recent times, most of the International institutions have lowered their course fee for international students to persuade more and more students to take admissions for Abroad Education loan for higher studies.
EducationUSA Weekly Update, #364, February 3, 2014EducationUSA
Accredited U.S. educational institutions can publicize their financial aid opportunities and campus news to the EducationUSA network of over 400 centers in 170 countries through our free service: EdUSA Weekly Update. EducationUSA advising centers will, in turn, circulate this information through a multitude of international channels via social media, newsletters, bulletin boards, websites, and more!
Indo-American Education Summit 2016 in India
The Summit 2016 have mainly Indian Students recruitment by foreign universities and Academic collaborations with foreign Universities. Sessions and one-to-one meetings between students and university representatives. Join the summit from September 13th to September 28th. http://www.indussummit.com/
What Next ? - The future of higher EducationMahavir Pati
This presentation explores the future trends in Education, The skills that will be important in Future and some revolutionary and cutting edge developments in the Domain of Higher Education
Similar to Report on market for “Higher Education Abroad” (20)
The report *State of D2C in India: A Logistics Update* talks about the evolving dynamics of the d2C landscape with a particular focus on how brands navigate the complexities of logistics. Third Party Logistics enablers emerge indispensable partners in facilitating the growth journey of D2C brands, offering cost-effective solutions tailored to their specific needs. As D2C brands continue to expand, they encounter heightened operational complexities with logistics standing out as a significant challenge. Logistics not only represents a substantial cost component for the brands but also directly influences the customer experience. Establishing efficient logistics operations while keeping costs low is therefore a crucial objective for brands. The report highlights how 3PLs are meeting the rising demands of D2C brands, supporting their expansion both online and offline, and paving the way for sustainable, scalable growth in this fast-paced market.
In “Decoding Omnichannel,” the report delves into the intricacies of this retail revolution, drawing insights from trailblazing companies like Caratlane, Lenskart, and Mamaearth. By offering actionable strategies and insights, we aim to empower entrepreneurs and brands to navigate this dynamic landscape with confidence. As India’s retail market hurtles towards a projected $2.2 trillion by 2030, the convergence of offline and online influences presents a transformative opportunity for consumer engagement. Embracing this fusion not only as a necessity but as a strategic imperative, businesses can position themselves at the forefront of innovation, driving sustainable growth and resonating deeply with the diverse needs of the Indian consumer
For an in-depth exploration, download the full report now!
MENA e-commerce: A unique ecosystem, in a period of transitionRedSeer
Amidst the turbulence of the pandemic, the digital economy surged globally, but nowhere more profoundly than in the MENA region. This is because we were still in the period of customer acquisition where the marketing spends are extremely high. The pandemic helped leapfrog these days, placing our region on a pedestal of growth.
Now, as we enter a post pandemic era, where the only constant is change, it is important to acknowledge some unique aspects of our digital economy that make it one of the most attractive ones globally.
The MENA Digital Economy has been a silver lining amidst a global funding slowdown and is aided by strong consumer confidence. There are various emerging micro trends that hold the potential to redefine its landscape. For brands and retailers, the challenge lies in discerning and prioritizing the trends that not only address genuine customer needs but also align with sound business logic despite associated costs. At the heart of this evolution is personalization, where artificial intelligence stands poised to play a pivotal role.
In the report, we have also highlighted five overarching consumer trends which need to be kept in mind to emerge on the right side of the next period of growth for our digital economy.
KSA food aggregators to deliver million smilesRedSeer
The food service sector in Saudi Arabia is currently a massive SAR 100 Bn market that has displayed resilience and rebounded swiftly. The market witnessed a covid-led decline because of reduced mobility/ operational hours and restaurant closures. During this time, an emerging trend of in-home consumption emerged which created a unique opportunity for food delivery players to capitalize on.
Currently, the food delivery market in KSA is experiencing rapid growth, driven by high consumer satisfaction and Net Promoter Scores (NPS) for food aggregators in the region. This growth is driven by evolving consumer preferences, as there is a notable transition towards prioritizing convenience over mere affordability, especially after the pandemic.The market is currently dominated by two key players: Hungerstation and Jahez, collectively responsible for ~70% of the food aggregator market. The emergence of new players in the market underscores its vast potential and the expanding addressable market. Despite being new, players like Noon Food and Ninja warrant close attention to the market’s future growth potential.
Food aggregators market is projected to reach 1 million daily touchpoints by 2024, providing numerous opportunities to offer multiple services, including q-commerce, SaaS, dark store, and dark kitchen models. This can also enable a favorable environment for super apps and super brands to co-exist.
The narrative of India's digital advertising market unfolds amid a decade of digital transformation, propelled by the surge in smart devices and widespread internet access. This era witnessed remarkable increases in user engagement across various platforms, fueling unprecedented growth in digital advertising spend. Despite the challenges posed by COVID-19, which initially drove a surge in online activity, the subsequent stabilization and muted growth in digital advertising spend during FY23-24 were influenced by consumption slowdown, regulatory changes, and a funding lag. Nevertheless, the trajectory remains striking, with digital advertising expenditure outpacing traditional media, commanding a market share of approximately 55% by FY24.
To learn more about this dynamic landscape, download the report now.
KSA’s economy has witnessed the fastest GDP growth rate during 2021-22 period, driven by pro-business reforms and rising oil prices. Continuous improvement in ease of doing business, social and economic liberalization and initiatives to attract talent and global businesses will pave the way for future growth.
KSA has a thriving tech enabler ecosystem with a home to 60+ fintech startups and over 10 Mn IoT connections, actively participating in emerging digital technologies. Within KSA, despite the rapidly evolving digital landscape, there are numerous sectors that still hold vast untapped potential and significant opportunities for growth. This underscores the necessity for robust, localized businesses to confront region-specific challenges. With its impressive spending capacity, well-established infrastructure, and unwavering government backing, the KSA offers an ideal groundwork for developing and implementing effective solutions tailored to the unique needs of the region.
KSA ecosystem is vibrant with a balance between local talent, government support, international investors and partnerships. Its digital economy is poised to be a major driver of diversification, providing a ~25% boost to GDP growth. It is expected to emerge as the mecca of unicorns in the MENA.
Saudi Arabia's Rise to Global Entertainment DominanceRedSeer
n the aftermath of the global pandemic, the Kingdom of Saudi Arabia (KSA) is experiencing a remarkable transformation across various facets of society. Swift advancements in social, economic, and cultural realms underscore Saudi Arabia’s aspiration to become the hub of the region and the world. This transformative phase is driven by a growing acceptance of diverse entertainment formats such as movies, concerts, and various leisure and entertainment avenues. Key to this paradigm shift are government initiatives that are actively promoting a culture of leisure and entertainment in the country.
Ear-It-All: The booming world of audio seriesRedSeer
The Media & Entertainment (M&E) sector stands as a cornerstone of online content consumption, serving billions of internet users worldwide. Acting as a gateway to the digital economy, M&E has seen significant evolution over the years. While Social Media and Video Streaming have reached maturity, Audio Streaming, particularly Audio Series, emerges as a promising frontier in entertainment innovation. Mirroring the appeal of Video Series, Audio Series offer immersive content experiences, accessible anytime and anywhere, catering to the diverse entertainment needs of internet consumers. With approximately 1.3 billion potential users globally, the Audio Series market represented a lucrative US$ 21-25 billion opportunity in 2023, poised to double by 2027. Leading players in the entertainment industry are tapping into creator communities to drive content creation, while established platforms are exploring Audio Series offerings to broaden their market reach.
Winning Recipe for Food Brands in India- Redseer ReportRedSeer
The Indian organized food services market is projected to exceed $100 billion by 2028, growing at a CAGR of 8–12%. This growth, driven by evolving consumer behavior, is expected to double the market from $30 billion to $60 billion. To capitalize on the heterogenous nature of the market, brands are urged to embrace diverse cuisines. The House of Brands (HoBs) strategy emerges as a fitting approach, with an average HoBs revenue at least 5 times higher than that of a standalone brand. Successful implementation of the HoBs model hinges on the ability to build and scale multiple brands while ensuring operational excellence.
For an in-depth exploration, download the full report now!
Study reveals udaan winning on customer service excellence, after market cons...RedSeer
In a recent study conducted by Redseer Strategy Consultants (Redseer), India’s largest and renowned strategy consultancy firm with a global footprint and Udaan – India’s major eB2B player, delves deep into the eB2B market, offering key insights and strategic approach aimed at unlocking unparalleled growth opportunities for businesses operating in the segment.
The comprehensive analysis and in-depth market research reveal that udaan, India’s largest eB2B player, has emerged as a leader in customer service excellence following a phase of market consolidation. The focus on customer service excellence, especially after a period of market consolidation, indicates a strategic approach to stand out in a more concentrated and competitive market.
Over the past several years, India has embarked on a remarkable journey towards becoming a digitally enabled society. This digital transformation has not only reshaped the nation's socioeconomic landscape but also served as a global model for how technology can be harnessed to uplift and connect diverse and large populations.
At the heart of this transformation lies the concept of Digital Public Infrastructure (DPI), a strategic framework that has provided the rails to propel India onto the global stage as a digital powerhouse.
With the Indian internet economy projected to reach USD 1 trillion by 2030, DPIs are primed to continue playing a significant role in democratizing this growth and ensuring a digital future that is inclusive and expansive.
Unlock the comprehensive report, "Beauty Unveiled: Decoding the Success of Pure-Play Beauty Companies," co-authored by Peak XV and Redseer Strategy Consultants, to gain deeper insights into the success drivers of leading BPC players on both global and Indian fronts.
The fusion of shopping and social media is reshaping consumer behavior and advertising strategies, offering a potential windfall of over $10 billion for those who seize the moment.
The "India Digital SME Credit Report 2023," a collaboration between GetVantage and Redseer Strategy Consultants, reveals that a significant credit deficit of approximately $220 billion is impeding the economic progress of digitized businesses. Despite an infusion of $53 billion in FY22 and an estimated $165 billion being serviceable after accounting for unviable businesses, the current working capital deficit remains at $112 billion. The report predicts that the demand for credit will surpass $570 billion in the next five years as the number of digital SMEs doubles. This deficit hampers innovation, job creation, scaling, and efficiency building among new-economy businesses. The report underscores the crucial role of alternative financing platforms, such as revenue-based financing, in addressing this gap and fostering economic growth.
The report discusses the significance of mass consumers in the Indian retail and eCommerce industry. Mass consumers, earning between INR 2.5-10 lakhs annually, are a prominent consumer group projected to drive a substantial portion of eCommerce growth. They are increasingly shopping online, value-conscious, and comfortable with technology. The report highlights their potential as a US$ 1.3 Tn opportunity for brands, with online wallet share expansion being a key theme. Decision drivers include pricing, product quality, and trust in the platform. Successful business models targeting this segment have emerged both in eCommerce and offline retail. Overall, mass consumers are poised to shape the future of Indian retail, making them highly attractive to businesses and eCommerce platforms.
Dive into our comprehensive report that explores the dynamic transformation of India's economy, driven by the rapid formalization and digitalization of Micro, Small, and Medium Enterprises (MSMEs). Discover how these nimble businesses are leveraging the digital landscape to amplify their reach, reshape industries, and contribute significantly to India's economic growth story.
Redseer unlocking value of mass consumer PR Report.pdfRedSeer
The report discusses the significance of mass consumers in the Indian retail and eCommerce industry. Mass consumers, earning between INR 2.5-10 lakhs annually, are a prominent consumer group projected to drive a substantial portion of eCommerce growth. They are increasingly shopping online, value-conscious, and comfortable with technology. The report highlights their potential as a US$ 1.3 Tn opportunity for brands, with online wallet share expansion being a key theme. Decision drivers include pricing, product quality, and trust in the platform. Successful business models targeting this segment have emerged both in eCommerce and offline retail. Overall, mass consumers are poised to shape the future of Indian retail, making them highly attractive to businesses and eCommerce platforms.
According to a report released by strategy consulting firm Redseer Strategy Consultants in collaboration with Plural by Pine labs, 85% of the businesses in India will be digitally enabled by FY26. From bustling cities to remote villages, digital payments are on the fast track to change the way users transact. Penetration of smartphones and the internet, and favorable government policies have been key drivers in the adoption of digital payments in the country. With more than 70 crore internet users, India has the second-highest number of internet users in the world, trailing only behind China. With a population of 140 Cr, India is poised to become a global leader in digital payments in the coming years.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
2. Education is a key determinant of the quality
of one’s life. But the varying quality and
scope that it brings make a larger difference.
Over the centuries, the system of imparting
knowledge has evolved. But traveling
to foreign destinations in the pursuit of
knowledge has been prevalent since the reign
of Kings.
Today it is no different. An increasing number
of students travel to different countries to
pursue various courses, driven by better
quality, higher scope, global exposure, and
opportunities that inevitably contribute to a
better quality of life.
However, student flows are greatly impacted
by the current geopolitical complexity and
dynamic international relations. Other factors
like finance, travel, and regulations also play a
key role here.
Besides these, the students who intend
to travel often struggle with the process.
Starting from research of the universities to
applications and documentation for travel,
the process is quite tedious and time-
consuming.
While the aspirants who aim to go abroad
have been steadily increasing, these
processes have hardly been streamlined.
They remain fragmented, creating an
additional burden for aspiring students. In the
coming years, this space will likely see more
integrated offerings to cater to the students,
as it is bound to see significant demand.
This study looks into the individual elements
to showcase the scope of the opportunity
in India, which has a very young population.
The number of Indian students going abroad
has witnessed phenomenal growth over the
last decades and is expected to develop into
a lucrative market moving forward. Hope you
find it insightful and interesting.
Anil Kumar
Founder & CEO, RedSeer
Preface
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Report on market for
“Higher Education Abroad”
3. CONTENTS
Executive Summary 4
Section 1
Student Outflow and key drivers 6
Section 2
Country deep dive 25
Section 3
Student Journey and External
Touchpoints 40
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4. Executive Summary
Students opting for Higher Education abroad from India are
increasing rapidly and their growth outpaced the domestic student
growth by >6x in the last three years to reach ~770k in 2019.
This is further expected to grow >2x till 2024 to reach ~1.8 M
students who would be spending USD 75-85 Bn overseas. Most of
the students are opting for Postgraduate courses in Anglophone
destinations and are expected to maintain the trend. Much of the
increase in the market is driven by:
• Better educational quality and outcomes abroad - The popular
destinations have the highest-rated universities in the world and
have robust teaching pedagogy. This enables students to attain
valuable and marketable skills which often leads to attractive
placements.
• Higher standards of living - Popular destinations have high
GDP per Capita, low crime rates, and international exposure
amongst other benefits.
• Gaps in the Indian education system leading to supply-demand
imbalance
India has supply-side constraints in education infrastructure
(especially for specialized and advanced courses) which acts as a
strong motivator for students going abroad.
Also, there is a dearth of quality educational institutes in India
and there is a high demand for the same from the young Indian
populace. This results in a highly competitive environment
for the students, and they are often forced to turn abroad for
quality education and associated outcomes.
• Upward income mobility of Indian households - There has
been a massive increase in incomes in India over the past two
decades that has translated into a growing spend on Post K-12
education. Additionally, the populace is becoming more aware
of the benefits of studying abroad and Indians have a rising
diaspora in popular destination countries which is stoking
applications abroad and student outflows.
Canada has emerged as the most preferred country for Indian
students abroad replacing the USA over the last 3-5 years. This
growth is owing to the increasingly liberal immigration policies
coupled with high standards of education and living. While the
growth of students going to the USA for higher education was
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Report on market for
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5. dampened in the past years due to more restrictive policies, student
outflows are expected to rebound within the forecast period as the
USA is facing an acute shortage of skilled labor currently.
Similar to the USA, student flows to the UK were tempered in
the last few years because of the restrictive immigration policies.
However, the UK is expected to be the fastest-growing destination
country for students till 2024 as it has re-introduced Post Study
Work Visa programs and offer more intensive and economical
one-year master’s programs compared to peers. It is currently
benefitting from the redirected inflows of students previously going
to Australia before it closed off its borders.
Student outflows to Australia are expected to resume after it opens
up borders as it has been witnessing a healthy rise in incoming
Indian students over the last decade. Outgoing Indian students are
typically attracted to the academic and professional opportunities in
Australia and generally find it easier to integrate with the domestic
populace driven by shared interests and culture. Apart from these
top destinations, students are increasingly showing interest in
countries like Germany, New Zealand, and the Philippines owing to
robust educational systems, standards of living, and professional
opportunities for graduates.
While student outflows and spend are growing swiftly, presently
there is a dearth of integrated offerings in the Indian ecosystem.
Students typically have an arduous journey wherein they have
to interact with multiple stakeholders before securing their trip
abroad. Students chiefly use external guidance while preparing for
the tests and applying to colleges owing to unfamiliarity with the
processes and relevant preparation material. Online emerges as the
dominant channel for availing these services (particularly due to the
growing demand from Tier 2+ cities). Most students struggle with
securing finance for their study abroad and often rely on College
Apprenticeships, scholarships, and Banks/ NBFCs. However, the
student support ecosystem has evolved rapidly over the last 4-5
years and many internet-first companies are entering into the
market with integrated services. These are acting as disrupters
in a previously traditionally entrenched market and have instilled
new efficiencies through technology. With the advent of AI-driven
processes, neo banks, and a rising mentor base amongst others, this
market is poised for expansion and is expected to reward investors
and companies alike.
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7. Growth in Indian students studying abroad for
Higher Education had outpaced domestic student
growth by >6x in 2016-19 to reach ~ 770k
~ 770k
2016
~ 440k
2019
+20 %
37Mn
9
1
0
2
6
1
0
2
40Mn
+3 %
~1.2% ~1.9%
% of Indian
Higher Ed.
Students>>
Indian Higher Education Students - Domestic
Mn Students, 2016 and 2019
Indian Higher Education Students - International1
‘000 Students, 2016 and 2019
The growth of students going abroad has been phenomenal, as they have outpaced domestic
student growth by >6x during the period of 2016-2019 to reach approximately 770,000 in
the last 3 years. This trend has been observed in India since the 2000s as students flock to
international destinations for global exposure and quality education. However, in the more
recent years, an “experience-seeking” student cohort is emerging in India who are typically
concentrated at an undergraduate level or non-STEM disciplines. These students generally
belong to high-income households and are relatively less concerned with immediate work
opportunities. This is providing an upward push to the total student outflows.
Notes:
1. OPT students in the USA included in calculating the students abroad
Source(s): AISHE Report 2019, MEA, RedSeer Analysis, RedSeer IP
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8. These students are concentrated in anglophone
countries and collectively spend more than USD 28 Bn
on an annual basis
Indian Higher Ed. Summary by Destination Country
‘2019
Anglophone countries have emerged as the most popular destination countries for students in
India owing to the aspirational needs of Indian students for better learning outcomes and access
to global opportunities. These countries have also progressively institutionalized the journey for
international students to obtain permanent residency in their countries while simultaneously
marketing their institutions and learning outcomes. This acts as a strong motivator for students
moving abroad while increasing awareness of the benefits of study within the larger populace.
Popular destination countries often have growing international student inflow targets to meet
their labor and economic needs and enjoy sustained interest from students over time.
Source(s): Desk Research MEA, RedSeer, Analysis, RedSeer IP
Country #Enrolments
Student
Expenditure Popular Universities
~143,000
~220,000
~27,500
~202,000
USD 5 Bn
USD 9 Bn
USD 1 Bn
USD 9 Bn
Canada
United Kingdom
United States
of America
Australia
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9. Source: Desk Research, RedSeer Analysis, RedSeer estimates
~27K ~145k
~200k ~180k
~220K
20%
29%
13%
71%
87%
13%
80%
21%
79%
87%
UG
PG
~ $ 9 Bn ~ $ 5 Bn
~ $ 1 Bn
~ $ 9 Bn ~ $ 5 Bn
32%
85%
68%
UG 12%
70%
15% 19%
81%
88%
30%
PG
Total
~770k
Total
~ $ 29 B
100% 100%
80%
60%
0% 40%
20%
Others
Australia1
Canada
UK
USA1
80%
60%
0% 40%
20%
Others
Australia1
Canada
UK
USA1
Most of the students abroad are enrolled in
Postgraduate courses
Indian Higher Ed. students by Country and
Degree Type
‘000 students, 2019
Market Split by Country and Degree Type
USD Bn, 2019
Notes:
1. Significant contribution of OPT and VET students in the USA and Australia respectively
Research indicates that most of the students
have been enrolled for postgraduate courses.
This trend is seen for a few reasons:
Postgraduate courses are typically more
professionally oriented which aids in easier
integration with the workforce. Furthermore,
they make the understanding of the country
and the corporate culture comparatively easier
which aids in settling down.
Additionally, recent studies have pointed
towards an increasing preference for advanced
degrees for people joining the workforce.
The emergence of new professions and
functions requires continuous updating and the
deepening of previously acquired knowledge
and skills is one of the primary drivers for
the same. Popular destination countries like
the USA, Canada, etc. are showcasing a high
preference for advanced degrees currently and
are expected to maintain the upward trend.
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10. Students from states like Andhra Pradesh,
Punjab, and Maharashtra have migrated
abroad over a long period and have established
communities in the top destination countries.
They are also more aware of the processes for
obtaining permanent residency in the countries
and have access to better job opportunities
as placements abroad are typically driven
through networks rather than institutions.
Students from these states benefit from their
extended family abroad which reduces their
living expenses at times which in turn mitigates
the financial barrier for going abroad. Owing
to these benefits, the outflow of students from
these states remains robust and is expected to
grow in the future.
Much of the student outflow is from states like Andhra
Pradesh, Punjab and Maharashtra which are amongst the
richest states in India with possibly high awareness of
the educational benefits
Indian Higher Ed. Students Abroad by State of origin
‘000 students, 2016 and 2019
Source: Desk Research, RedSeer Analysis, RedSeer estimates
~ 770k
2016
~440k
2019
7%
5%
Tamil Nadu
45%
46%
Gujarat
Andhra Pradesh
Maharashtra
Punjab
ROI
Karnataka
11%
7%
5%
13%
10%
12%
12%
12%
8%
7%
+20%
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11. The Indian economy has grown rapidly in the
past 2 decades which has materially increased
the GDP/ capita of the populace and their
education spends. Also, there has been growing
awareness of the benefits of going abroad for
higher education and many top destination
countries already have a thriving Indian
community which is enabling easier integration
in international societies. Additionally, long-
term migration has made the citizens of the
host countries sensitive to India’s culture
and lifestyle, stoking acceptance within the
society at large. Indians living in Anglophone
destinations often have access to Indian
supermarkets, cuisine, communal groups et al
which enable them to maintain their lifestyles
abroad. These are some of the key drivers for
the steep rise in applications abroad.
~ 230k
2016 2019
~ 420k
+22 %
Indian Higher Education Outflow - International1
‘000 Students, 2016, 2019 and 2024F
Highlights
In terms of applications, ~420k student head out
every year, with total number of applicants being
~1.7x
There has been a steep rise in
the GDP/ Capita in India over the
past 2 decades leading to greater
consumption + awareness of
education courses abroad
Owing to the prevalence of English
in India, there is a strong culture
of students studying abroad in
anglophone destinations.
Over the years, an Indian diaspora
has emerged which has helped
attract more students
These factors have led to a rapid
increase in the number of the
students applying for higher
education abroad and is expected to
maintain its pace despite affects of
COVID
Notes:
1. As a % of students applied
Students Applied ~ 400k ~ 700k
Student Outflow1
~ 57% ~ 60%
Source: Desk Research, RedSeer estimates
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12. The high outflows for international education are
driven by aspiration for access to quality higher
education and better standard of living in these
destination markets
Better quality of
education and outcomes
Gaps in India’s education
infrastructure
Supply demand
imbalance in India
Upward income mobility
of Indian households
Higher standards of living
abroad
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13. The rapid rise in student outflows to international locations is driven by:
Better quality of education and outcomes-
Top destination countries are home to the highest-ranked universities in the world and have
robust teaching pedagogy which is often research-oriented. This materially increases the
learning quality and outcomes of the students. For instance, many courses require practical
fieldwork or job experience which is not mandatory in India. Quality education from reputed
universities inevitably garners more attention from global firms with better salary packages
which is another reason for students to opt for international education.
Higher standards of living abroad-
It is no secret that compared to India, the overall quality of life in other countries is higher
owing to higher GDP per capita, lower crime rates, better benefits like international exposure,
higher scope, and better job opportunities, among others. These act as strong pull factors for
the growing aspirational middle-class population in India who often face challenges in accessing
quality services in the country.
Gaps in the Indian education system:
Indian education system is relatively traditionally entrenched and there is a lot of room for
improvement in the flexibility of specialization. Additionally, the supply for quality educational
institutions for niche/ advanced courses is extremely low with only select institutions providing
quality education and outcomes for the students. This limits the options available for domestic
students especially in research-oriented technical subjects which acts as a strong motivator for
students going abroad.
Supply-demand imbalance in India-
India has a young demographic with the majority of its current populace belonging to the
millennials and Generation Z which leads to intense competition for the limited opportunities
available in the country. Further, competition for courses that lead to lucrative careers is intense
and a lot of academically sound students are unable to secure admissions in the top universities.
Upward income mobility of Indian households-
India’s per capita income has increased by 30% over the last 6 years resulting in higher
discretionary spending – like on entertainment, travel, outside food, etc. The spending on
education has increased in tandem over the years as it culturally remains one of the primary
focus areas for most Indian households. This is owing to the potential for upward social
mobility and increased social acceptance in India through education wherein a large part of the
population is academically oriented.
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14. Education Quality Abroad
Destinations such as AUS, CAN, UK and US have a higher
concentration of institutions, which attract students from
across the world
12
20
22
39
92
16
23 22
62
105
Engineering & Technology schools in Top 500
# of institutions, 2019
Business Management schools in Top 500
# of institutions, 2019
US, UK and Canada are the top destinations for further studies majorly due to the established
universities which are ranked highly. Access to top universities results in exposure to top global faculty
along with a robust professional network. The degrees allow the students to compete for global
opportunities and coveted roles primarily in STEM and business, acting as a robust platform for their
academic and professional aspirations. The students enjoy the benefits of the same throughout their
lives which materially improves their quality of life.
Source: QS Rankings, Desk Research, RedSeer Analysis
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15. Education Quality Abroad
Additionally, superior educational outcomes related to
aspects like placements and salaries serve as a strong
motivator
Bentley
University
Northeastern
University
Leeds Metropolitan
University
Southampton
University
Curtin University
University of
Ottawa
Bond University
Delhi University
Tezpur University
~ 6-9k
~ 70-80k
~ 65-75k
~ 75-85k ~ 80-90k
~ 85-95k
~ 80-90k
~ 90-100k
~ 5-7k
Average Salary (Select Institutions)
USD/ Year, 2019
The US, which has over 4,000 universities
across the country, offers the highest
salary followed by the UK and then Canada.
This is a major factor for students while
evaluating which country to choose for
studies as that easily leads to finding more
career opportunities and a larger social
circle, among others. Furthermore, these
universities offer research and training
opportunities at the graduate level. A
student can assist a professor by being
their Teaching Assistant which also helps
in funding their studies and also helps in
the broadening of their knowledge and skill
set. These universities are also allocated
higher funding amounts which give better
infrastructure and leads to more scope
for research. In India, this is available in
limited institutions. Along with all this, these
students have a higher cultural exposure
which is an important factor for global
companies.
Source: HBS Recruitment Stats, Top Universities website, Rothman Employment % Salary Report, QS Rankings, PGP Placement Report, RedSeer Analysis
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16. Living Standards Abroad
8 13 16 17
131
6996
48484 50510 52203
65298
HDI Ranking1
Rank, 2019
GDP Per Capita2
USD, 2019
Highlights
High standards of living, higher incomes and access to
global opportunities are some of the key drivers for
moving abroad
Indian students primarily travel to
the developed countries owing to
higher standard of living and better
employment opportunities
Countries like Canada have been
aggressive in welcoming skilled
immigrants with the prospects of
lucrative jobs
Furthermore, graduates who’ve
chosen to study internationally have
global exposure and often display
cultural awareness/ sensitivity which
increases their employability in top
companies
Some of the key drivers to move abroad:
High standard of
living-
Access to better
infrastructure and
opportunities abroad
remain key reasons
for students and
other youngsters to
move abroad.
Access to global opportunities-
With the global companies mostly being
headquartered in these countries, the
opportunities and the learnings in those
countries are comparatively much
higher than in India which becomes quite
lucrative for aspiring students and young
professionals.Additionally, their courses
have more flexibility. For instance, a student
can take a degree in economics and STEM.
They also offer early specialization which
benefits the students.
Higher incomes-
Moreover with the
developed countries
having a stronger
economy, the income
flow is bound to increase
compared to the
opportunities available
in India. This also
provides better future
opportunities in terms of
employment.
Source(s) : 1.UN Data 2. World Bank, RedSeer Analysis, RedSeer IP
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17. Living Standards Abroad
44% 22% 15% 80%
16%
Strongly Agree
Somewhat Agree
84%
33%
17%
6%
22%
27%
30%
25%
34%
22% 58%
80%
77%
Access to better
employment
opportunities
Access to better
quality colleges/
education
To gain
international
exposure
To pursue niche/
specific study areas
Importance of going abroad
% repsondents
Q.
Is a foreign education going to make a significant
impact in the academic/ professional career?
Q.
What was the primary motivator for applying
abroad for higher education? (Rank)
Primary Motivators for going abroad
% respondents
Our consumer surveys have further validated
the drivers and most students believe that
going abroad will result in a significant impact
in their academic and professional careers.
The primary reasons to go abroad for studies
include better employment opportunities,
better education, specialised courses and
better exposure.
The above has also been validated through our consumer
surveys wherein access to employment and educational
institutions emerge as key student motivators
Source(s): RedSeer analysis on surveys conducted between13th April 2021 and 23rd April 2021.
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Report on market for
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18. Living Standards Abroad
Results from our customer surveys are also in
line with the findings of this study. Students
across the cohorts believe that moving
abroad for higher education will provide a
massive advantage over their peers owing to
the quality of education and access to better
job opportunities along with the promise
of higher standards of living. Furthermore,
access to specialized/ advanced courses acts
as a strong motivator for student scholars
who have limited options within India to
pursue and excel in their preferred courses.
13 %
40 %
43 %
Yes – Definitely
Yes – Likely
At par
No – Likely not
No – Definitely not
1 %
3 %
Importance of going abroad
% repsondents
Q. Do you feel Students who go abroad for higher education are at
a general advantage compared to Indians? Students Speak
“The benefits of a global education
are many, but higher standard of
living and education are the most
important to me as the options are
quite limited in India. ”
- Aspiring Student from Andhra Pradesh
“My extended family is already settled
abroad and have much greater access
to opportunities. They have advised
me to study for easier immigration
and access to quality jobs.”
- Aspiring Student from Punjab
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
Even students who did not go abroad to study are aware
of the benefits of education abroad and aspire to migrate
in the near future
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19. India Supply Gaps
There are supply side constraints of educational
institutions offering specialized and advanced courses in
India…
(includes STEM, Nursing,
Fine arts, Tourism etc.)
Undergraduate
Diploma/Cerficate
Integrated
Advanced Degrees5
Postgraduate
Others4
~40 Mn
Colleges
General3
Students
(1%)
Shortage of institutes offering specialized courses Only ~11% of the students are pursuing graduate courses
(83%)
(80%)
(8%)
(1%)
(11%)
39,931
(12%)
(5%)
Speacialized courses2
No. of Colleges1
and Student Enrolments in Higher Education
Numbers, 2019
Notes:
1. Colleges/Institutions which are not empowered to provide degree in its own name and therefore are affiliated/recognized with Universities.
2. Specialized courses include Computer Application, Nursing , Fine arts % Tourism etc.
3. General courses include Arts, Commerce, Hotel % Tourism etc.
4. Others include Sanskrit, Science, Fine Arts and Languages
5. Advanced Degrees include PhDs, M.Phil. etc.
Source: Government of India Employment Statistics, NASSCOM, AISHE, RedSeer Analysis
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20. India Supply Gaps
Outbound Students
(includes STEM , Fine arts,
Tourism, advanced
degrees etc.)
General Course
Domestic Students
~40 Mn ~0.77 Mn
Specialised Course1
84%
16%
~70%
~30%
Student Enrolments in Higher Education
# of students (Mn), 2019
Highlights
…and ~70% of outbound students are opting for
specialized/ advanced courses abroad
Specialized courses in India are
offered in select institutes resulting
in high competition and relatively
lower quality of the education
Lack of funding is one of main issues
which limits the potential of Indian
universities to offer specialized
offerings, especially in STEM where
programs are cost intensive
There is a larger diversity of advanced
courses that students can enroll in
abroad like MiM, M.Res. Etc.
Furthermore, education programs
abroad are more flexible with the
subjects’ students can opt for at an
UG level allowing incoming students
to specialize earlier
Notes:
1. Specialized courses include Computer Application, Nursing , Fine arts % Tourism etc. along with
advanced degrees i.e. ,Postgraduate, M.Phil., PhD etc.
Source: Desk Research, Expert inputs, RedSeer Analysis, RedSeer IP
There is a dearth of institutions in India that
offer advanced and specialized courses.
Opportunities for availing courses in cutting-
edge disciplines like AI, Biotechnology,
etc. are largely still not available in India.
Research shows that a mere 11% of the
students are pursuing post-graduate courses
and above while there is a major lag in the
availability of specialized courses in India.
It is seen that of 770,000 students who
go abroad, ~ 70% of the students avail
Specialized or advanced courses. Lack of
institutional funding is one of the major
constraints that Indian institutions face -
especially in the research-oriented courses
in STEM. Hence, it comes as no surprise that
STEM courses are the most popular abroad
wherein the USA, Germany, and Canada are
some of the top destinations for the same.
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Report on market for
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21. India Supply-Demand Imbalance
The acceptance rates in Indian universities
are much lower when compared to global
peers even though the quality of education is
lower in India. Top institutions in India (IITs,
IIMs, etc.) have abysmally low acceptance
rates of ~1% and the options of accessing
quality education outside premium
institutions in India are limited. A lot of
academically sound students are unable to
secure admission in reputed universities as a
result, which cripples their career ambitions.
This is a significant reason why students opt
for international universities.
Additionally, acceptance rates in India are relatively low
compared to top-ranked universities abroad making
foreign options attractive
University
of Leeds
University of
Western Australia
University of
Western Ontario
Uni. of
California - SB
Babson
College
Christ
University
Delhi
Technological Uni.
Tezpur Uni.
47%
38%
31%
30%
26%
15%
5%
5%
Student acceptance rates (Selected colleges)
% accepted, 2019
Source: Desk Research, RedSeer Analysis, RedSeer IP
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22. India’s Rising Income
Over the past two decades, there has been
a significant increase in GDP and per capita
income in India which has resulted in the
steep rise in Post K12 spend on education.
This has been mirrored in the increasing
student outflows for higher education
abroad and resulted in a growing Indian
populace in the top countries who are aware
of the systems and processes of integrating
into the foreign communities. This in turn
has encouraged other aspiring students to
take the same path as there is an increase in
awareness and lowering of resistance which
is giving a rise to an overall culture of going
abroad.
Lastly, there has been a massive upward mobility in
terms of income which has led to a rise in expenditure
in post K-12 education in India
2000 2005 2010 2015 2019
2016
~ USD 1000
~ USD 1350
~ USD 2100
2019 2024F
1.400
1.600
1.800
2.000
2.200
200
0
600
400
800
1.000
1.400
1.200
+9.3%
Notes:
1. 2024 Forecasts are Pre-Covid effect
2. 1 USD =70 INR
3. Includes course fee, utilities (books, stationaries, uniform), transport, private
coaching, and related expenditures
4. Excludes government expenditure on education
India GDP/ Capita
USD, 2000 to 2019
Per Capita Post K12 Expenditure – India
USD , 2016, 2019 and 2024F
Source: World Bank Data, NSO, Desk Research, RedSeer IP
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23. Driven by the above factors, the Indian student
stock who are studying abroad is expected to
reach ~1.8 M by 2024 resulting in a massive
market for associated companies. The flow of
students has dampened in the wake of COVID
but the interest in moving abroad for better
education and opportunities is still intact for
aspirants. There has been renewed interest in
countries like the UK and the USA driven by
the re-introduction of favorable immigration
policies. Owing to the current latent demand of
aspirants, there is expected to be tremendous
growth in Student outflows after the effects of
COVID are mitigated.
~ 540k
~ 770k
~ 1,800k
~ 700k
2016 2019 2024F
2020F
+20 %
-10 %
+25 %
Indian Higher Education Students - International1
‘000 Students, 2016, 2019 and 2024F
Experts Speak
“While COVID has acted as a barrier
for the students planning to study
abroad, their interest has been
growing. This is owing to a growing
aspirational middle class in India”
- Student Counsellor
“Student interest has remained
resilient during COVID driven by
increasingly easier immigration
(PSW provided for online students in
Canada) and better opportunities.”
- Team Leader: Study Abroad Consultancy
Notes:
1. OPT students in USA included in calculating the students abroad
Student
Outflows
~ 230k ~ 420k ~ 360k ~1,200k
Source(s):MEA, Destination country statistics, RedSeer Analysis, RedSeer IP
Supported by tailwinds, the total stock of Indian
students studying abroad is expected to reach ~1.8M
by 2024F
23
Report on market for
“Higher Education Abroad”
24. Notes:
1. Pre-Enrollment includes. Test Prep, Admissions Counseling, Test fees (e.g., GMAT, IELTS) and College application fee
2. Post admission Expenses includes VISA, Travel and Health Insurance, Housing and Miscellaneous Expenses like food, commute
Source: Desk Research, RedSeer Analysis, RedSeer estimates
In line with the rising Indian stock of students
studying abroad, the overall student
expenditure is poised to reach USD 75-85
Bn by 2024F which is more than twice the
market revenue from 2019. This can mostly be
attributed to an increase in college tuition apart
from expenses like enrollment, living expenses,
among others. As Indians become more
comfortable in going abroad, the acceptance
rates in top universities keep on increasing
which generally results in higher college tuition
spend. Furthermore, with growing household
incomes and “experience-seeking” student
cohorts, there is expected to be a steady rise in
the living expenses of students abroad.
Student expenditure is rising rapidly in tandem and is
poised to reach USD ~75-85 Bn by 2024 jumping 2X from
2019
Pre
enrollment1
8-13
15-20
0.5-1.5
25-35
2016
10-20
75-85
2019 2024F
College
Tuition
Post Admission
expenses2
Total
Expenditure
25-35
+26%
+23%
Indian Student spend on Higher Ed abroad
USD Bn, 2019
Indian Student spend on Higher Ed abroad
USD Bn, 2016, 2019 and 2024F
24
Report on market for
“Higher Education Abroad”
26. Source: Desk Research, RedSeer Analysis, RedSeer estimates
Canada has replaced US as the top destination for Indian
students enrolling in Higher Education by 2019 and is
expected to maintain momentum
2016 2019 2024F
CAGR
2016 – 2024
38%
4%
18%
26%
24%
24%
4%
29%
18%
19%
23%
5%
~1,800k
15%
~770k
38%
(17%)
~440k
19%
16%
31%
24%
9%
Others
Australia
Canada
UK
USA
+18%
+20%
Outbound Students1
‘000 students, 2016, 2019 and 2024F
Notes:
1. OPT students in USA included in calculating the students abroad
In recent years, Canada has replaced the US as
the top destination for Indian students and is
likely to maintain momentum in the near future.
Canada has liberal immigration policies and a
growing Indian diaspora (especially from states
like Punjab) which is stoking student inflows
from India. Additionally, with more scope and
growing jobs, this country becomes a popular
destination.
Moreover, there has been a growing interest
in pursuing education from countries like
Germany, New Zealand, and the Philippines.
The number of Indian students enrolled in
Germany has doubled over the last 5 years
with 70% of the students opting for courses in
engineering followed by natural sciences and
maths. This growth is partly due to the free
tuition that a lot of German institutes offer for
STEM courses which acts as a strong driver for
typically value-conscious Indian students. New
Zealand is also emerging as a top destination
due to its excellent education system,
internationally accredited qualifications, ample
research opportunities, and quality of life.
The Philippines has always been a popular
destination for Indian medical students and
has witnessed an increase in student interest in
their courses in recent years.
26
Report on market for
“Higher Education Abroad”
27. Source: 1. WES, Expert Inputs, Desk Research, RedSeer Analysis, RedSeer IP
The UK is expected to witness the steepest rise in Indian
student inflows backed by the liberalization of migration
policies and short term courses
Country wise Indian Inbound Student Growth outlook
Descriptive, CAGR - # of students
Student Drivers
Canada
USA
UK
Australia
25%
10%
28%
13%
Growth outlook
Student detractors
CAGR
(2019
-24)
• Migration policies – Work
while studying, permanent
residency after 1 year of
work
• World class institutes and
scholarship availability
• Large population of Indian
settlers
• Top tier institutes in the
world with heavily funded
research facilities
• High availability of
scholarships for Indian
students
• High student satisfaction
(95% satisfied1
)
• Migration policies – Post-
study-work programs
introduced in 2019
• Shorter and more intensive
courses provide an edge in
career
• Top tier institutes with
research focus
• Migration policies – Post-
study-work programs
introduced in 2019
• Shorter and more intensive
courses provide an edge in
career
• Top tier institutes with
research focus
• Contraction in H1-B
visa permits
• Anti-immigration
policies of last govt.
including immigration
suspension
• Student concerns over
Brexit
• Incidences of student
violence in the past
• Poor academic
conduct of some
students leading to
stricter policies
Robust growth outlook
owing to ease of entry
and culture assimilation
in Canada (owing to
significant migrant
population)
Expected to rebound
under the new
government while
growth was muted in
2016-19
Expected to increase
owing to more liberal
policies and top rated
universities. Primary
beneficiary of the border
lock down of Australia
Expected to sustain
momentum of incoming
students however,
growth stunted in 2020-
21 as they are closing
their borders
27
Report on market for
“Higher Education Abroad”
28. 2016 2019 2024F
~76k
~220k
~670k
+42%
+25%
2016 2019 2024F
3
9
34
+50%
+31%
Indian Higher Education Students in Canada
‘000 students, 2016, 2019 and 2024F
Indian Student Spend on Higher Education in Canada
USD Bn, 2016, 2019 and 2024F
Canada has seen a steep rise in the inflow
of Indian students owing to their favorable
migration policies and premium institutions
Source(s): Immigration, Refugees and Citizenship Canada (RSCC) Canada, Desk Research, RedSeer
Analysis, Experts Inputs, RedSeer estimates
28
Report on market for
“Higher Education Abroad”
29. They are expected to dominate in the forecast
period as they now have a significant Indian
diaspora and continue to ease their immigration
process
Source(s): Immigration, Refugees and Citizenship Canada (RSCC) Canada, Desk Research, RedSeer
Analysis, Experts Inputs, RedSeer estimates
Key Trends:
• Canada has recently announced plans to welcome ~1.2 M new permanent
residents to the country by 2023 which is positive signal for the aspiring students
as they benefit from clear government pathways to immigration
• Most Indian students are value conscious and search for economic courses and
city center campuses, so that they can optimize costs of education and earn
while they work
Work Policies during Study:
• International Students care allowed to work on-campus or off-campus for up
to 20 hours during university semesters and full-time during breaks such as the
winter or summer holidays, without the need for a work permit
• Foreign students who are studying in a program that requires work experience
such as through a co-op or internship program are also authorized to work
VISA and Eligibility:
• Student must be a graduate from UGC or AICTE recognised university with
minimum 50% score
• In case there are any backlogs or year back, the student has to apply for an
exemption
• Students will require to provide references, proof of financial funds, study
permits English proficiency etc before moving to Canada
Post Study benefits:
• Students with course duration 2 years are eligible for a post-graduation work
permit of equivalent duration as the course
• If the student pursues 2 years course (masters or diploma), he/she is eligible for
a post-graduation work permit of 3 years
• A foreign national on a study visa in Canada can bring their spouse and
dependent children to Canada. The spouse can also apply for an open work
permit.
29
Report on market for
“Higher Education Abroad”
30. Among the popular Anglophone destination
countries, Canada has emerged at the top
owing to their favorable migration policies
along with relatively lower cost of education.
Canada has been enthusiastic in welcoming
immigrants as they have an aging population
and require young and skilled workers.
In 2019, foreign-born people make up
about one-fifth (21% in 2019) of Canada’s
population—one of the highest ratios for
industrialized Western countries. Apart from
these, the country provides multicultural
experiences, quality education from highly
ranked universities, global opportunities and
many more benefits. Canada heavily relies on
foreign students to fill the void in skills and
labor to improve their productivity and has
initiatives such as Global Skills Strategy to
increase inflows from highly skilled workers.
Most Indian students enroll in Business
or STEM courses in Canada (especially
Computer Science, IT and Engineering) and
compete for jobs in Project Management,
Software engineering, Civil engineering,
Asset management etc. Students also
typically search for economic courses and
city center campuses while working part
time to optimize their costs. Canada has set
the new 3-year immigration target at 1.2 M
till 2022 which is expected to attract a lot of
Indian aspirants in the forecast period.
30
Report on market for
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31. 2016 2019 2024F
6
9
16
+14%
+12%
2016 2019 2024F1
~165k
~200k
~325k
+7%
+10%
Indian Higher Education Students in the USA1
‘000 students, 2016, 2019 and 2024F
Indian Student Spend on Higher Education in the USA
USD Bn, 2016, 2019 and 2024F
The growth of the Indian students in the USA
has been lagging behind its peers due to lack of
student-friendly policies and stringent visa norms
in the past..
Source(s): Open Doors USA, Desk Research, RedSeer Analysis, Experts Inputs, RedSeer estimates
Notes:
1. OPT students in USA included in calculating the students abroad
31
Report on market for
“Higher Education Abroad”
32. Source(s): Open Doors USA, Desk Research, RedSeer Analysis, Experts Inputs, RedSeer estimates
..however, the student flow is expected to rebound
as the USA is facing an acute shortage in skilled
labor presently
Key Trends:
• Student growth to the US previously had been mitigated under the “America
First” Trump administration. However, the powerful US Chamber of Commerce
has urged the govt to double the H1B visa quotas and eliminate per country
quota for green card to combat the shortage of skilled labor it currently faces.
• Also, the cultural sentiment of studies in the USA has remained intact with
student applications rebounding under the new govt.
• There has also been growing interest in pursuing undergraduate courses for the
“experience-seeking” student cohort to the US
Work Policies during Study:
• International Students are allowed to work on-campus or off-campus for up to 20
hours during university semesters and full-time during breaks such as the winter
or summer holidays, without the need for a work permit
• For off-campus employment, students require some form of written
authorization issued by either the USCIS or OISS
Visa and Eligibility:
• Student must meet the minimum eligibility criteria in the course applied either
general (F1 Visa) or vocational (M1 Visa)
• Course requirements typically include English proficiency tests, entrance exams
(GMAT, GRE etc), SOPs, academic record et al
• Additionally, students will require to provide references, proof of financial funds,
study permits etc before moving to the USA
Post Study benefits:
• F1 visa holders are eligible for up to 12 months of OPT (optional practical
training) on completion of graduation allowing students to work for a year after
they finish their studies
• M1 visa holders can apply for work from within the campus (under certain
restrictions)
32
Report on market for
“Higher Education Abroad”
33. The USA has been one of the top destinations
for Indians since the beginning of the
century and more than 50% of students
were traveling to the USA in the early 2000s.
These flows were affected by the economic
crisis over the past 2 decades and more
recently, student travel aspirations dwindled
with the “American First” sentiment of the
Trump administration. However, immigrants
still represent 25%+ of their overall
population and are seen as an important
economic engine for the nation’s prosperity
as it has an aging population.
Owing to the long-term migration of Indian
students to the USA, it has a significant
Indian diaspora (lagging behind only China
and Mexico) which allows relatively easier
integration for the students moving to the
US. The USA is home to the top educational
institutions in the world which radically
increases the likelihood of upward socio-
economic mobility for the aspirants.
Furthermore, the powerful US Chambers
of Commerce has urged the government
to double the H1B quota and remove per
country restrictions to green cards to
address the acute shortage of skilled and
professional workers in the country. Catching
tailwinds, the student flow to the USA is
expected to increase rapidly in the forecast
period.
Students in the USA typically opt for
courses in STEM and business. There is also
an increasing demand for undergraduate
courses powered by “experience-seeking”
student cohorts who are less concerned
with immediate work opportunities after
graduation. The student expenditure in the
USA is rising as a result and is expected to
maintain momentum.
33
Report on market for
“Higher Education Abroad”
34. ~ 95k
~ 17k
~ 27k
+18 %
+28 %
2024F
2019
2016
2024F
2019
2016
0.7
1.2
4.9
+22 %
+33 %
Indian Higher Education Students in UK
‘000 students, 2016, 2019 and 2024F
Indian Student Spend on Higher Education in UK
USD Bn, 2016, 2019 and 2024F
The UK witnessed a decline in Indian students
previously owing to stricter Post study work policies
but has rebounded rapidly in 2016-19 owing to change
in the same
Source(s): Higher Education Statistics Agency UK, Desk Research, RedSeer Analysis, Experts Inputs,
RedSeer estimates
34
Report on market for
“Higher Education Abroad”
35. Source(s): Higher Education Statistics Agency UK, Desk Research, RedSeer Analysis, Experts Inputs,
RedSeer estimates
Currently, there is a steep student growth
expected in the UK as it has recently re-introduced
PSW visas and are relaxing immigration laws
Key Trends:
• The UK witnessed a steep decline in Indian students in 2011-2016 owing to stricter
immigration policies under the Theresa May government, however, the inflow has
rebounded aggressively in the recent years as policies relax
• They have currently benefited massively from the closure of Australian borders
and are witnessing high interest from Indian students owing to top ranked
universities and shorter duration of courses
Work Policies during Study:
• Degree-level students or above (Bachelor’s, Master’s etc.) are permitted to work
a min. of 20 hours per week during the term-time.
• Students below degree-level (Diploma or certificate course) are permitted to
work a max of 10 hours every week during term-time.
• However, students are permitted to work full-time during holidays (like
Christmas, Easter and vacations after completion of exams)
VISA and Eligibility:
• Students must have an offer document called a Confirmation of Acceptance of
Studies (CAS) from a Tier 4 approved university or college for a Tier 4 (General)
student visa
• Additionally, students are typically required to provide references, proof of
financial funds, study permits, entrance tests etc
• For short term VISA, students must show an intention to leave UK within 30 days
after completion of course
Post Study benefits:
• The UK post-study work visa allows students to live and work in the UK for up to
two years after Masters and three years after PhD
• The government has already gone on record to say that the 2 years PSW could be
made 4 years which is further stoking student interest across the globe
35
Report on market for
“Higher Education Abroad”
36. Similar to the USA, the UK also witnessed
a drop in the Indian students, especially
in the period 2011-2016, due to stricter
immigration rules and policies. However,
there has been a massive resurgence of
students applying to the UK in recent years
as it has reintroduced post-Study work Visa
for the graduates. Furthermore, under the
new ambitious Research and Development
Roadmap by Boris Johnson they aim to
attract and retain top talent in the STEM
courses from all over the world. This is a
positive signal for the STEM focused Indian
student cohort who have limited access to
world-class educational institutions within
the country. They have further published
plans to increase the length of PSW from 2
to 4 years, garnering a lot of student interest.
The UK typically provides a shorter and
more intensive master’s program which
results in a relatively lower cost for price
conscious students which further adds to its
attractiveness.
The UK has also benefited from the closing
down of Australian borders in the wake of
COVID as many aspirants are now going
to pursue their studies in the UK instead.
This is evidenced by the increasing student
flows to the UK in 2020-21. With top ranked
universities, study-work visa and with an
average increase in salary, the UK remains
one of the top destinations for higher
education and is geared to be the fastest
growing destination country for Indian
students in the forecast period.
36
Report on market for
“Higher Education Abroad”
37. 2016 2019 2024F
2
5
11
+27%
+18%
2016 2019 2024F
~78k
~140k
~260k
+22%
+13%
Indian Higher Education Students in Australia
000 students, 2016, 2019 and 2024F
Indian Student Spend on Higher Education in USA
USD Bn, 2016, 2019 and 2024F
Australia has seen a steady growth in the influx of
Indian students owing to their liberal policies and
access to global opportunities
Source(s): Department of Education and Training Australia, Desk Research, RedSeer Analysis,
Experts Inputs, RedSeer estimates
37
Report on market for
“Higher Education Abroad”
38. However, growth was stunted in 2020-21 as they
have closed borders to combat COVID and is
expected to regain momentum as the ban is lifted
Key Trends:
• Australia has been growing in attractiveness with most students preferring city
campuses as they are more economic offerings
• Most Indians reside in the top cities i.e., Melbourne and Sydney which houses a
significant Indian population
• Australia has decided to tackle COVID by closing borders in 2020-21 resulting in
erosion of their student base currently, however, they are expected to rebound
aggressively as borders open
Work Policies during Study:
• International students are permitted to work 20 hours/ week during the
Semester and full-time during breaks
• For students working as an academic assistant there is no limit to the days they
may work. Hence, it is a popular route for research-oriented students
• Students are not allowed to be self employed or freelancers
VISA and Eligibility:
• Student must be enrolled in a course of study in Australia and obtain Electronic
Confirmation of Enrolment (eCoE) certificate
• Students must have hold Overseas Student Health Cover (OSHC), or fall in one of
the exemption categories
• Additionally, students will require to provide references, proof of financial funds,
GTE statement etc
Post Study benefits:
• Post-Study Work stream of Temporary Graduate (subclass 485) are offered to
students pursuing degree courses and allows them to work in the country for 2 to
4 years
• Graduate work stream allows a student to work for 18 months in Australia if they
have obtained the skills necessary for occupation which features in the Medium
and Long-term Strategic Skills List (MLTSSL)
38
Report on market for
“Higher Education Abroad”
39. Australia has been relaxing its policies
over the years which in turn is increasing
the count of students entering the island.
It is also a country with ample career
opportunities and is home to some of the
largest corporations in the world which is
a major reason why professionals look to
settle there as well. Overall, Indian students
tend to integrate well in the Australian
campuses as they often have shared
values, cultural tradition, and sporting
preferences. Also, a lot of Australians are
cognizant and welcoming of Indian culture
and its manifestation like Bollywood, Yoga,
meditation etc. Apart from these, the
country has a pleasant climate with a friendly
and welcoming culture.
But currently the country has temporarily
stopped the inflow of foreign nationals at the
wake of the Covid scenario in hand which is
also impacting on the students’ prospects.
However, the situation is expected to be
mitigated going forward.
39
Report on market for
“Higher Education Abroad”
41. Students interact with multiple intermediaries stakeholders
Notes: 1. One-time expenses include expenses like GIC in Canada; 2. Other Living expenses include expenses on housing, food, commute, entertainment, leisure etc.
Source: Desk Research, Student interactions, RedSeer IP
Student Journey
Journey Step, (Stakeholders involved/ Avenues of guidance available)
Pre enrollment Tuition Post Admission Expenses
Exploratory Research –
(Friends/ Family, internet,
College fairs, magazines etc.)
College Tuition –
(Banks/ NBFC, scholarship,
college
admin, Mentors, Family etc.)
VISA Travel -
(Govt., Banks/ NBFC, college
admin, Mentors, Family,
External agencies etc.)
Test Preparation –
(External agencies, Friends,
Mentors, magazines etc.)
Health Insurance –
(Govt., Banks/ NBFC, college
admin, external agencies
etc.)
Admission Counseling –
(External agencies, Friends,
Mentors, magazines, college
counsellors, internet etc.)
One Time Expenses1
–
(Govt., Banks/ NBFC, college
admin, external agencies
etc.)
College Appl./ Interviews
–
(External agencies, Friends,
Mentors, magazines, college
counsellors, internet etc.)
Other living expenses2
(Banks/ NBFC, college,
Family etc.)
After a student finds a job and settles down abroad, his life looks quite easy from the outside. However,
the individual goes through multiple hassles even before reaching the destination. Starting from research
on courses, universities, taking tests and moving to visa, insurance, housing, food, commute, and other
expenses, one needs to solve all the challenges before starting the new chapter. While several third
parties help these students with processes, only very few have an end-to-end presence. Owing to the
fragmented intermediaries, it creates a lot of back and forth for the applicants.
41
Report on market for
“Higher Education Abroad”
42. Pre-enrollment
Apart from doing online research, research through friends, family who have settled abroad and
professional counsellors, remain the most common ways to find out about the particular place.
Understanding from mentors and institutions and webinars, are some of the other ways to find out.
Friends/ Family and Professional counselors emerge as
the most popular modes of research for students going
abroad across the phases
21%
57%
50%
76%
49%
85%
46 %
74%
67%
49%
32%
32%
55%
46%
24%
48%
16%
48%
46%
13%
39%
15%
47%
28%
12%
Test Prep Initial Shortlisting Applications VISA Finance Travel, Acco, Insurance etc.
30%
27%
29%
26%
9%
Banks/ NBFCs and College
websites are one of the most
popular modes of research in
the Finance and Applicaons
phase respecvely
Institution
Webinars
Mentors
Internet
Research
Professional
Counsellor
Friends/
Family
Primary Research Channels
% respondents
Q. Primary mode of research for each of the stages?
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
42
Report on market for
“Higher Education Abroad”
43. Pre-enrollment
0%
25%
43%
32%
41% 42% 43%
Search
Exploration
7-8
Neutral
9-10
Promoters
0-6
Detractors
Test Prep Applications Visa Process Finance Travel,
Accommodation,
Insurance, etc.
56%
75%
1% 1% 1% 1% 1%
65%
57% 56% 55%
NPS
56%
57%
58%
66%
57%
75%
Inputs from mentors have been the most helpful in the Search
Exploration Applications phase
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
Student Reliance on Mentors
% respondents
Q.
For all external services opted for, how helpful have the inputs from the mentors (Past students) been
in the process? Rate between 1-10.
NPS = % Promoters – % Detractors
Apart from doing online research, research
through friends and family who have settled
abroad, and professional counselors, remain
the most common ways to find out about
the particular place. This is especially true
for the Anglophone destinations with a high
representation of Indian populace owing to
long term migration. Friends and Family are
also cognizant of the pathways of integration
for an Indian student in the destination
country and hence are able to provide
real time guidance to the students abroad.
Furthermore, in the typically network
driven work placements in these countries,
a student benefits from the personal and
professional relationships it creates through
his friends/ family abroad.
Learning from the experience of mentors,
institutions and webinars are alternate ways
that students educate themselves of the
requirements for moving abroad. However,
their inputs have been found to be helpful
typically in the initial stages of the journey
i.e., search/ exploration and applications. In
the later stages, students typically rely on
the inputs of external sources and friends/
family.
43
Report on market for
“Higher Education Abroad”
44. Pre-enrollment
No – can do
on own
No – can do
on own and
personal network
Yes – external
assistance is ideal
but not necessary
Yes – external
assistance is
absolutely
required
Test Prep Applications Initial
Shortlisting
Visa Finance Travel,
Accommodation,
Insurance, etc.
47% 48%
36%
20%
5%
34% 36%
27%
48%
35%
30%
19% 16%
36% 31%
54% 65%
6% 3% 100%
1% 1%
2%
Outbound students are inclined towards external support
during the application phase and Test preparation…
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
Inclination of availing external support
% respondents
Q. Would you be willing to take external support in the following phases?
44
Report on market for
“Higher Education Abroad”
45. Pre-enrollment
…and most students avail paid external support in the
Test preparation phase driven by unfamiliarity with test
pattern and prep. material
Incidence of availing Paid External Support
% respondents
External Guidance triggers
% respondents
Notes:
1. N 300 as there are overlaps in respondents who are availing external support amongst the various phases
2. Counselling includes students availing external support in Search and Application phase
3. Others includes students availing external support n Travel, Accommodation, Visa etc
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
Q.
Have you taken help of an external agency
in the following phases?
Q.
What are the key triggers for opting for paid
external guidance?
32%
73%
51%
40%
21%
Increase chances
of entry
Lack of info on courses
and Uni.
Lack of clarity on aspirations.
Lack of process clarity
48%
Test Prep
Others3
Counselling2
20%
59%
56%
35%
35%
5%
Access to world-class services
Constant feedback from mock tests
Unfamiliarity with Test
Lack of clarity on prep. material
Difficulty of test. ‘
60%
44%
40%
8%
Affordability
Faster turnaround
Reduce operational hassles
Lack of process clarity
Most students interact with agencies in the
test preparation phase as they are typically
unfamiliar with the requirements and do not
have access to preparation material. These tests
are generally different from the exams that
Indian students are acclimated with and hence
guidance is required to ensure results.
Indian students are also typically unaware
of the plethora of educational options that
foreign destinations provide along with the
associated financial requirements and personal
fit. Hence, counselors in the exploration and
application phase emerge as the next most
popular intermediary as they aid students to
decide upon the relevant countries and courses
which match their profiles. Only select students
avail external support for visa, travel, and
accommodation as they are typically handled
in-house.
45
Report on market for
“Higher Education Abroad”
46. Pre-enrollment
Online emerged as the most popular mode
for availing external support, driven partly by
COVID-induced lockdowns. Online has also
received an upward push as there has been a
rapid increase in online-first companies in the
space providing more options for the aspiring
students. This is because there is a growing
interest from students in the Tier 2 and 3 cities
with the rise in incomes and aspirations for a
big education jump. Prevalence of online mode
in test preparation, application, and visa phase
is the highest while students typically avail
offline support for the later stages. With the
advent of COVID many online companies have
reported 5-10X in user base and revenues for
their services.
However, online platforms have room for
improvement in providing better quality
services but are generally priced more
competitively compared to offline which is
stoking student adoption. As the ecosystem
evolves with more integrated offerings, online
is expected to dominate in the forecast period
with higher quality services and greater student
awareness of their outcomes.
Online emerges as the most popular mode for availing
support (especially in Test Prep and Application phase) –
However, there is room for improvement in the quality of
the online services
16% 18%
48%
29%
47%
High Price
Lack of clarity
about the process.
Long process
64%
58%
84% 82%
52%
71%
25%
14%
75%
86%
52%
45%
34%
25%
Quality of services
Lack of guidance
High Price
Authenticity of
websites
Lack of Alternatives
Quality of services 47%
44%
Test
Prep
Online
Offline
Search/
exploration
phase
Visa Others –
Travel,
Acco etc
Finance
Applications
Mode of external support
% respondents
Customer pain points for online services
% respondents
Q.
What form of external assistance did you avail in
the following phases ?
Q.
What are the key pain points from online/
offline offerings?
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
46
Report on market for
“Higher Education Abroad”
47. Pre-enrollment
Agencies in Test Preparation and Applications
phase enjoy the highest customer NPS amongst
all the phases
External Agency Satisfaction1
% respondents
Q.
For all external services opted for, how willing are you to recommend to a friend (NPS question), Rate
between 1-10.
NPS = % Promoters – % Detractors
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
Among the various phases, agencies that
provide support in the test preparation and
applications phase, have garnered the highest
net promoter score (NPS) compared to their
peers. Students report significant improvement
in learning outcomes and increased chances of
international mobility owing to the support of
these agencies as they are typically unfamiliar
with the requirements in these phases. One-to-
one guidance sessions with the counsellors and
availability of world-class preparation materials
from the leading agencies are the main drivers
for student satisfaction.
Search
Exploration
Test Prep Applications Visa Process Finance
Travel,
Accommodation,
Insurance, etc.
7-8
Neutral
9-10
Promoters
0-6
Detractors
26%
74%
74%
88%
88%
12%
22%
78%
78%
44%
56%
56%
50%
50%
50%
38%
62%
62%
47
Report on market for
“Higher Education Abroad”
48. Tuition
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
It is no secret that studying abroad requires
big pockets. Hence, the most popular
means of funding include self-finance and
scholarships. Scholarships have recently risen
in prominence as the number of available
scholarships has increased rapidly within the
last decade. Currently, students can avail
multiple scholarships in the popular destination
countries which completely absorbs the cost of
education at times.
Part-time work is also a popular option for
meeting the high cost of international education
- especially in countries like Australia and
Canada. This followed by availing education
loans from Banks/ NBFCs which is a growing
market with a high potential upside owing to
easier loan disbursals and competitive interest
rates.
Securing the required funding for education
abroad is the major deterrent for aspirants and
financial institutions are expected to mitigate
the same in the future leading to greater
student outflows.
Self finance and Scholarships are the most popular ways
of funding education abroad, followed by apprenticeship
and loans
Rank 1 Rank 2 Rank 3
43%
28%
6%
9%
12%
2%
12%
16%
26%
25%
8%
14%
10%
18%
26%
15%
17%
15% 30%
64%
38%
57%
62%
48%
Self
Scholarships
Education
loan – Bank
Personal loan
Friends/ family
Apprenticeship
on campus
Sources of Finance
% respondents
Q.
How did you fund/ plan to fund the abroad education? (Rank)
48
Report on market for
“Higher Education Abroad”
49. Tuition
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
Lack of funds is the primary hurdle for the students
unable to go abroad and ~84% of respondents likely to go
abroad if they have access to the same
Rank 1 Rank 2 Rank 3
Did not get
preferred
discipline
Wanted to stay
in India only
Did not get into
the preferred
college
Lack of funds/
Loan concerns
52%
23%
10%
10%
5%
18%
7%
13%
5%
16%
2%
2%
59%
46%
33%
25%
5 %
6 %
13 %
9 %
8 %
12 %
11 %
41 %
33 %
33 %
43 %
37 %
44 %
Family/
relative
abroad
Funds
not an
issue
3 %
Yes –
Likely
Work VISA
not an issue
Yes –
Definitely
At par
No –
Not Likely
No –
Definitely
not
100%
2 %
Importance of going abroad
% repsondents
Key reasons for not going abroad
% repsondents
Q.
Despite intent/ willingness to go, What was the
biggest hurdle that prevented you from going
abroad for higher education?
Q.
If Funds/ Family or friends abroad/VISA was
not an issue, will you have considered higher
education abroad?
49
Report on market for
“Higher Education Abroad”
51. Project Methodology Details
Study Focus Identify key consumer behavior along the Higher Education abroad
funnel
Sample Size - Target Group A: International higher education Aspirers/ Admitted/
Recent graduates – 300
- Target Group B: Non-aspirers, Non-admitted aspirers – 100
Respondent Students + Working professionals with 5 years experience
Mode of surveys Online Surveys
Controlled variables - Split by City Tier 1, Tier 2+ (Tier 2 and Tier 3)
- Split by aspiring destination country UK, USA, Canada, Australia
What’s not controlled
(soft quotas)
- Income Groups
- Gender
51
Report on market for
“Higher Education Abroad”
52. Target Group A: Aspirers/ Admitted/ Recent graduates
Income
Yearly HH Income (N=300)
Age (N=300) Gender (N=300)
City Tier (N=300) Destination Country (N=300)
City Tier Dest. Country
20+ LPA
10-20 LPA
5-10 LPA
Canada
The UK
The USA
Metro
Tier 3
Tier 2
Tier 1
62
(21%)
238
(79%)
112
(37%)
188
(63%)
100
(33%)
100
(33%)
100
(33%)
159
(53%)
123
(41%)
18
(6%)
147
(49%)
79
(26%)
2
(1%)
72
(24%)
Female
Male
25-30 years
20-25 years
Age Gender
Respondent Demographics
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
Tier 1 City : Densely populated relatively higher living expenses. International airports, Industry Hospital
52
Report on market for
“Higher Education Abroad”
53. Target Group B: Non-aspirers, Non-admitted aspirers
Gender (N=100)
Age (N=100)
City Tier (N=100)
Income
Age Gender
City Tier
Yearly HH Income (N=100)
20+ LPA
10-20 LPA
5-10 LPA
Tier 2+
Female
25-30 years
20-25 years
Male
Metro + Tier 1
38
(38%)
42
(42%)
56
(56%)
44
(44%)
62
(62%)
38
(38%)
19
(19%)
81
(81%)
20
(20%)
Respondent Demographics
Source(s): RedSeer analysis on surveys conducted between 13th April 2021 and 23rd April 2021
Tier 1 City : Densely populated relatively higher living expenses. International airports, Industry Hospital
Inclination of availing external support
% respondents, N = 300
Q. Would you be willing to take external support in the following phases?
53
Report on market for
“Higher Education Abroad”
55. Bangalore I Mumbai I New Delhi I Dubai I New-York|Singapore
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