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How India is flow billions of dollars into Canada’s economy

College students from Punjab who go to look at in Canada spend approximately Rs 68,000 crore in that usa, almost $eight billion, annually. this is a current estimate with the aid of Sikh Vox, a website at the Sikh diaspora. The estimate is based totally on the range of students reading in Canada and the average university costs plus living expenditure, etc. in keeping with facts from Immigration, Refugees and Citizenship Canada (IRCC), a total of 226,450 visas were approved for Indian college students in 2022. of those, a tremendous element, about 1.36 lakh students, hailed from Punjab, pursuing numerous guides with a mean period of 2-to-3 years, says the file by using Sikh Vox. cutting-edge estimates from pupil visa processing groups advocate that around three.four lakh Punjabi students are currently enrolled in various educational institutions throughout Canada.

But in case you consist of college students from different states of India who visit Canada for put up-secondary education, the variety will be near $20 billion. this sort of big amount of cash pouring in each 12 months from India underlines the importance of Canada-India ties. rising consumer demand in India no longer best boosts the Indian economy but is now contributing to overseas economies too.

How Indians fund Canadian education system
College costs represent a great a part of the whole annual expenditure of Indian college students in Canada, and the Indian cash going into the education quarter in Canada has made headlines in recent times. Indian college students have even left at the back of the government in Canada in investment of the general public education gadget. international students from India have outpaced the authorities of Ontario, a province in Canada, in investment public faculties, a recent record has highlighted.

given that tuition rate for global college students is some thing like three times what it’s far for domestic college students (actual statistics is difficult to pin down due to the fact facts Canada chooses not to tune training expenses on the university level), that means that some thing like seventy six% of all tuition costs inside the area come from global college students, says a latest document published via better training approach associates, a Toronto-primarily based consulting company that offers studies, analysis and strategic recommendation related to higher eduction.

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