Spending by Indian Outbound Students Could Reach $70 Billion (US) by 2025
At Shorelight, we have seen significant changes in international student mobility. In 2022, data shows that the number of Indian students studying abroad outpaced the number of students from China. Both of these cohorts remain the two largest sources of international students for the US. This article takes a deep dive into the future and shows the potential growth for India. These numbers are in line with our reporting earlier this year through the 2030 Global Flows Project.
Direct spending on study abroad by Indian students has been pegged at US$47 billion for 2022. That figure includes tuition spending as well as housing and other living expenses, and it is projected to reach as high as US$70 billion by 2025, based on current growth rates.
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Yellen Will Host the Chinese Vice Premier for Talks in San Francisco Before the Start of APEC Summit
After several years of increased tension between the US and China, it is good to see this series of high-level talks continuing. In this meeting, “Yellen is expected to amplify the message on climate during her talks with He in San Francisco. Treasury in a statement said that Yellen will also underscore that the Biden administration ‘will take targeted action to advance our national security and that of our allies, and protect human rights, but we do not use these tools to seek economic advantage.’” President Biden and Chinese President Xi Jinping are expected to meet the week of November 11th during the Asia-Pacific Economic Cooperation summit in San Francisco.
“As a foundation, our two nations have an obligation to establish resilient lines of open communication and to prevent our disagreements from spiraling into conflict,” Yellen wrote in a Washington Post op-ed to spotlight the upcoming meeting. “But we also know that our relationship cannot be circumscribed to crisis management.”
Learn more on The Hill >
New U.S. for Success Coalition Launches
This week, Shorelight joined 10 other education organizations, think tanks, and advocacy groups across the nation to launch a new coalition focused on generating a greater and more diverse population of international students in the United States, and ensuring their success in their educational journeys and careers. The U.S. for Success Coalition will be dedicated to advancing and supporting federal policies that break down barriers and expand opportunities for international students across the country.
“At Shorelight, we work with international students preparing them for success in their academics and careers. U.S. for Success started as a conversation about how to improve international education in the US. The resulting formalization of this coalition is an exciting next step to coordinate our efforts in welcoming international students, ensuring their success, and providing them with the top-tier education they are seeking,” said Tom Dretler, CEO and cofounder of Shorelight.