US financial system: Indian college students contributed $7.6 billion to US financial system final yr

WASHINGTON: Indian college students contributed $7.6 billion to the US financial system within the educational yr 2019-20, regardless that there was a 4.Four per cent drop within the whole variety of Indian college students, in line with a report.
China remained the most important supply of worldwide college students within the US, with the variety of Chinese language college students within the nation growing for the 16th consecutive yr. There have been over 372,000 Chinese language college students within the US throughout 2019-20 yr, mentioned the report “Opens Doorways 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 mentioned.

In response to the report, launched by the US Division of State’s Bureau of Academic and Cultural Affairs and the Institute of Worldwide Training (IIE), for the fifth consecutive yr america hosted greater than 1 million worldwide college students (1,075,496) in an educational yr.
Regardless of a slight decline (1.eight per cent) within the variety of worldwide college students in america in the course of the 2019-20 educational yr, this group nonetheless represents 5.5 per cent of all college students in US greater training system.
In response to the US Division of Commerce, worldwide college students contributed $44 billion to the US financial system in 2019, together with $7,69 billion from Indian college students.
“We’re inspired to see a fifth yr of greater than 1 million worldwide college students in america earlier than the pandemic,” mentioned Marie Royce, Assistant Secretary of State for Academic and Cultural Affairs.
“Worldwide pupil mobility is as essential at this time as ever, and we consider america is the perfect vacation spot for college kids to review and earn their levels. Training is a pathway to a larger future and worldwide academic alternate has the facility to rework college students’ trajectories,” Royce mentioned.
Among the many prime 20 locations of origin, the most important share will increase had been college students from Bangladesh (+ seven %), Brazil (+ 4 %) and Nigeria (+ three %).
Saudi Arabia noticed the most important share lower (- 17 %) primarily resulting from adjustments in its authorities’s scholarship program.

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