Indian students' overseas spending to hit $80 bn a year by 2024: RedSeer

Report says the number of Indian students opting for higher education abroad grew from 440,000 in 2016 to 770,000 in 2019 and is set to grow further to 1.8 mn by 2024

Even as the number of Indian students opting for higher education overseas grows annually, their abroad spending is set to grow from current annual $28 billion to $80 billion by 2024, the latest 'Higher Education Abroad' report by consulting firm RedSeer estimates.

According to the report, the number of Indian students opting for higher education abroad grew from 440,000 in 2016 to 770,000 in 2019 and is set to grow further to roughly 1.8 million by 2024, resulting in an increased overseas spending on higher education. Compared to this, the number of students domestically increased from 37 million to roughly