Studying abroad is a dream that every Indian student sees in his lifetime and wishes to fulfil if given the chance. But it is a time when the entire world is going through a severe recession with economic meltdown striking almost every possible country. India too has not been spared of the heat as the Rupee is constantly sliding down the slope which has made the dollar stronger than ever. The foreign education fever seems to have taken a backseat owing to the recent global crisis yet the influx of Indian students is seemingly showing no signs to subside.
The crisis scenario
The fall of the Rupee has been the most contributing factor to the receding number of applicants for foreign education. The strengthened dollar means that Indians will now have to spend more to avail education in distant lands. Moreover, availability of jobs is another concern which has got worse owing to the ripening crisis. Jobs in developed nations are no more a surety like before thanks to recession in ht global economic market. Stringent visa norms are another factor that has got even harsher owing to the heightened security and immigration tactics adopted by nations. The coalescence of such factors has meant that a large population of students is staying away from global education dreams.
Where does the US stand in this scenario?
The United States has still managed to hold on to the number one spot for the highest number of immigrating Indian students for education. All other nations lag far behind in this respect as Indians still favour US to be the hottest education stop among the rest. Statistics have revealed that in some regions of India instead of a downfall in numbers, a steady increase has been noted. Reportedly, the American Embassy in Chennai has seen a growth in the number of student visas being issued this year with the most number of students hailing from Tamil Nadu.
Reasons behind the curtain
There is more than one reason for India’s romance with US in education. The universities in US are undoubtedly the global best in terms of education and related facilities. Institutes like MIT, Stanford, Berkeley, Princeton, Harvard and others have credibility beyond doubt which makes them the global favourite among Indians. Statistically theses institutes top all the global education polls and surveys conducted around the year. The job scenario in US is yet not too bad when compared to global events. They still provide jobs well enough to be termed lucrative. These factors have ensured that desperate Indian students willing to carve fruitful careers are heading to the United States. They seem to have put quality career prospects ahead of the worries for the falling rupee.
Scope in the future
The scope for Indians in US continues to shine bright at present. It is expected that the rise of the Indian economy and technology will help India to carve out a niche for itself where its students will be further regarded worldwide. The education prospects will continue their golden run with more Indian students establishing generous careers through US aided education in the near future.