10 October 2022 06:41:43 IST

Indian middle-class keen to study abroad: Study

Study also shows that over 62 per cent rely on education loans | Photo Credit: Getty Images

Over 57 per cent of Indian middle-classes with a household income of ₹3-10 lakh is inclined to spend on overseas education, shows Leap-IpsosStrategy3 Study Abroad Outlook Report. The respondents cited factors such as superior education and lifestyle, global career opportunities, and better salaries as top reasons for pursuing a degree abroad. The study also shows that over 62 per cent rely on education loans, followed by scholarships at 53 per cent. 

Close to 83 per cent of students believe an overseas degree will enhance their prospects of securing better job opportunities and provide an edge over peer competition and talent pool, according to the study. 

Vaibhav Singh, Co-Founder of Leap, said,“Fuelled by the student community's growing aspirations, the Indian overseas education market is expected to grow multi-fold and will see over two million Indian students fly out by 2025 spending over $100 billion on their international education. This is a huge opportunity and the sector will see a meteoric rise in demand for innovative products and services.”