Indian students contributed USD 7.6 billion to US economy last year

Indian college students contributed USD 7.6 billion to the US economic system within the tutorial 12 months 2019-20, though there was a 4.Four per cent drop within the whole variety of Indian college students, in keeping with a report.

China remained the most important supply of worldwide college students within the US, with the variety of Chinese college students within the nation growing for the 16th consecutive 12 months. There have been over 372,000 Chinese college students within the US throughout 2019-20 12 months, stated the report “Opens Doors 2020.” India remained the second largest supply of worldwide college students, regardless of a 4.Four per cent decline to 193,124 college students, it stated.

According to the report, launched by the US Department of State’s Bureau of Educational and Cultural Affairs and the Institute of International Education (IIE), for the fifth consecutive 12 months the United States hosted greater than 1 million worldwide college students (1,075,496) in an educational 12 months.

Despite a slight decline (1.eight per cent) within the variety of worldwide college students within the United States in the course of the 2019-20 tutorial 12 months, this group nonetheless represents 5.5 per cent of all college students in US greater schooling system.

According to the US Department of Commerce, worldwide college students contributed USD 44 billion to the US economic system in 2019, together with USD 7,69 billion from Indian college students.

“We are encouraged to see a fifth year of more than 1 million international students in the United States before the pandemic,” stated Marie Royce, Assistant Secretary of State for Educational and Cultural Affairs.

“International student mobility is as important today as ever, and we believe the United States is the best destination for students to study and earn their degrees. Education is a pathway to a greater future and international educational exchange has the power to transform students’ trajectories,” Royce stated.

Among the highest 20 locations of origin, the most important proportion will increase have been college students from Bangladesh (+ seven p.c), Brazil (+ 4 p.c) and Nigeria (+ three p.c).

Saudi Arabia noticed the most important proportion lower (- 17 p.c) primarily because of adjustments in its authorities’s scholarship program.