As of 2022, according to the Ministry of External Affairs, Indian students of over 13 lakh have been studying abroad. The largest number of Indian students about 4.65 lakhs have been pursuing higher studies in America. The coming year has been forecasted by considering students who are again looking for options to study abroad.
Lakhs of Indian students were dreaming and preparing to study abroad in the academic year 2019-2020. However, due to the pandemic, this dream of theirs was dissolved. In 2021, the situation improved slightly. But there was a heavy load on international embassies. This meant that only a very few students were given visas to go abroad.
Studying abroad has bloomed again this year. Many students have been securing a visa and have been travelling to their dream country. There is still a shadow of COVID-19 lingering on, as we predict trends for 2023. This can be predicted from what is happening in China.
Recent Impacts
Moreover, there is the impact of the war in Europe. This war has driven inflation to study abroad across all the popular destinations. The looming recession is another macroeconomic factor that will impact studying abroad in 2023 in most developed economies. Big tech companies have been cutting jobs by thousands.
However, the demand for studying abroad with no doubt has been growing. This was initially attributed to the demand that was pent up for two years of the pandemic. However, due to the affordability to study abroad and increasing aspirations, this trend has been growing.
As of 2022, according to the Ministry of External Affairs, Indian students of over 13 lakh have been studying abroad. The largest number of Indian students about 4.65 lakhs have been pursuing higher studies in America. The coming year has been forecasted by considering students who are again looking for options to study abroad.
Hybrid Study Model
It is shown by several studies that students continue to express curiosity in embracing hybrid learning and the benefits offered by it. The pandemic was their first experience with hybrid learning. However, as the future of education, they have accepted the blended model.
A mix of online and on-campus learning in a balanced manner for degree courses offered abroad is cost effective. It has also made higher education abroad democratized, sustainable and equitable. This model has also paved the way for partnerships among universities of different countries.
Across the nations involved, they have been allowing a better acceptance of learning models. The signing of the Memorandum of Understanding (MOU) between the United Kingdom and India is the most prominent example. It allows for academic qualifications to be mutually recognized.
Shifting of Demand towards off-beat study destinations
In 2022, Indian students preferred the UK and Canada as their top preferences. The fears of a year-long recession and the country’s unstable economy have proved to be a point of demotivation for the students even though the opportunities in the UK may seem to be many.
Students doubt their career growth in the country amid high inflation, falling business investments and work shortage. Student interest in Canada has been declining as the destination is mainly having high study visa rejections in the past few months.
In the recent past, the government of Canada has rejected almost 60 per cent of visa applications. Other options that have come to the forefront are Germany, Poland, France, Slovakia, Belarus, and others. This list also includes Japan and South Korea in East Asia as students prefer this at a very high rate.
High Demand of Tech and STEM courses
The demand for courses majoring in science, technology, engineering, and math grows continuously despite the job cuts. The potential of these courses are understood by the students and their impact on the world is practically seen.
To study these courses, this is the best time. Students must be ready for the job market in a year or two, when it bounces back. The creation of new courses and a flexible curriculum that intertwines the program with opportunities has led to a growing interest in tech and STEM courses.
Also, the two significant reasons why learners choose STEM based programs are high employability and better options to stay back. According to a World Economic Forum report estimates, by 2025, for STEM and tech graduates, 97 million new roles may emerge across major industries and economies.
More Undergraduate students move towards Abroad
The significant reasons behind a large population of undergraduate choosing education abroad are Awareness about education abroad, rising income levels, convenient stay-back options and a easy availability of financial aid. Also, early employment opportunities and multicultural exposure draw aspirants of undergraduate degrees to international universities.
Student evaluation through Standard Tests
Universities overseas are forced by the uncertainty due to the pandemic in the last two years to waive standardized tests like the GMAT, GRE, SAT, ACT, and others. However, it will be seen in the coming year that the standardized examinations will become a critical part of candidate evaluation again. This is because, the traditional admission processes have been reinstated.
Even though the world remains uncertain, we should make the right choices in 2023 to go out to make things happen. However, it is necessary to be resilient. International education is a big leap. Thus, we must evolve and stay in line with the education landscape that is being changed.
Students can prepare for standardized tests such as the SAT and make plans to get high scores in SAT, in order to get into a good university abroad.
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