USD 70 billion expected spend by Indian students on overseas education by the year 2025

The OneStep's Global Education Conclave 2023 in New Delhi, brought together education experts, policymakers, and representatives from over 100 institutions worldwide. This prestigious event on the theme of "Empowering Minds & Igniting Global Journeys: Unveiling India's Higher Education Advantage" The event delved into the key components of India's new education policy and its profound influence on internationalization efforts by global and international universities with a series of discussions by eminent dignitaries from government and education sector.

Launch of the OneStep Global-University Living report titled "Beyond Beds & Boundaries

Indian Student Mobility Report, 2023," was one of the key highlight of the Global Education Conclave 2023. This comprehensive report offers invaluable insights into the dynamics of Indian students pursuing higher education abroad, with a particular focus on the United States, the United Kingdom, Canada, and Australia.

Speaking at the Global Education Conclave 2023 and launch of the OneStep-University Living report Mr Aritra Ghosal, Founder & MD of OneStep Global said, "This conclave is a testament to our commitment to advancing the global education ecosystem and empowering students. The 'Beyond Beds & Boundaries: Indian Student Mobility Report, 2023' represents a significant milestone in our mission to provide actionable insights to students and institutions. We're thrilled to share the report's findings with the world and hope the education sector globally benefits from the findings and makes informed decisions that benefit the student community at large."

Talking about the report, Mr Saurabh Arora, Founder & CEO, University Living said, "This report is a one-stop guide, providing actionable insights for students, educational institutions, housing providers, and policymakers in the ever-evolving landscape of global education. It also underscores our commitment to improving the global student housing experience. We focus on understanding the opportunities and challenges, with a particular emphasis on the aspirations of Indian students looking to study in the US, UK, Canada, and Australia. This report is a cornerstone in navigating the complexities of the global education sector."

Some of the key findings of the 'Beyond Beds & Boundaries: Indian Student Mobility Report, 2023' are:

1. Surge in outbound Indian student: The report reveals a significant increase in the number of Indian students choosing to study abroad. Traditionally Indian students have preferred countries like - US, Canada, UK and Australia. However, recently other countries have also emerged as preferred destinations, including Germany, Kyrgyzstan, Ireland, Singapore, Russia, Philippines, France, and New Zealand.
2. Top States in India in terms of students going abroad include - Punjab (12.5%), Andhra Pradesh/Telangana (12.5%), Maharashtra (12.5%), Gujarat (8%), Delhi/NCR (8%), Tamil Nadu (8%), Karnataka (6%) and other (33%).
3. Financial Insights: It provides a detailed analysis of the financial aspects of studying abroad, shedding light on the substantial expenses incurred by Indian students. This analysis highlights not only the economic impact of Indian student mobility but also underscores the pressing need for targeted financial support and scholarships.
4. Student Housing Challenges: The report addresses the difficulties faced by Indian students in finding suitable accommodation in their destination countries, emphasizing the complexities of securing appropriate living conditions and the necessity for streamlined processes and support services to alleviate these challenges. Governments across the world need to put in place national housing strategy, establish a clear, comprehensive, and coordinated approach to addressing the student housing problem through setting national goals for student housing availability and affordability, establishing guidelines for local student housing policies, and providing funding and resources for student housing initiatives.

The Global Education Conclave 2023 offered platform for transformative dialogues, fostering partnerships and collaborations that can shape the future of global education. It is an event where leading experts, policymakers, and institutions will come together to explore and harness the potential of India's higher education landscape.