Home Education Indian students contributed USD 7.6 billion to US economy last year

Indian students contributed USD 7.6 billion to US economy last year

Indian students contributed USD 7.6 billion to the US economy within the tutorial year 2019-20, though there was a 4.4 per cent drop within the whole variety of Indian students, in accordance to a report.

China remained the most important supply of worldwide students within the US, with the variety of Chinese students within the nation rising for the sixteenth consecutive year. There have been over 372,000 Chinese students within the US throughout 2019-20 year, mentioned the report “Opens Doors 2020.” India remained the second largest supply of worldwide students, regardless of a 4.4 per cent decline to 193,124 students, it mentioned.

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 year the United States hosted greater than 1 million worldwide students (1,075,496) in an instructional year.

Despite a slight decline (1.8 per cent) within the variety of worldwide students within the United States throughout the 2019-20 tutorial year, this group nonetheless represents 5.5 per cent of all students in US greater schooling system.

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

“We are encouraged to see a fifth year of more than 1 million international students in the United States before the pandemic,” mentioned 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 mentioned.

Among the highest 20 locations of origin, the most important share will increase have been students from Bangladesh (+ seven per cent), Brazil (+ 4 per cent) and Nigeria (+ three per cent).

Saudi Arabia noticed the most important share lower (- 17 per cent) primarily due to adjustments in its authorities’s scholarship program.

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