The stiff decline in the worldwide job market, along with growing opportunities in other major higher-education destinations such as Singapore, Dubai and New Zealand have collectively ensured that the number of Indian students opting to study in the US approaches its all time low in more than a decade.
As per the Educational Exchange Data which was recently released by the Indian Institute of International Education, the last three years has seen a continuous decline of Indian students pursuing their studies in the US.
The number of Indian under graduate students in the US has decreased by 16 per cent since the year 2009 and the number of graduate Indian students in the country declined by 20 per cent.
According to data released by Reserve Bank of India (RBI), the amount spent by Indian students on studies abroad also came down from $ 218 million to $ 12 5 million in 2012-13.
Clay Hensley, Senior Director, International Strategies and Relationships that conducts the SAT exam for entry in the undergraduate level in the US confirmed that Indian students always want their college experience to be converted into a job. However, a student does not qualify for a work visa soon after completing graduation in a US college.
The removal of the post study work visa for international students in the UK has further contributed to a staggering decline of 42 per cent of Indian students since the year 2010-11.
A recent study by Assocham also indicates that Indian students are favoring countries such as Sweden, Malaysia, Norway, France, Germany, Italy and Ireland where the cost of education is cheaper and part time jobs are also readily available.
According to Vineet Gupta, Director at Jamboree which aides students in clearing tests such as GMAT/GRE/SAT/TOEFL and IELTS ,the increase in job opportunities in India has resulted in many students coming back to the country after completing their education abroad.