How Does Studying Abroad Help in Reducing Poverty?
A recent study has discovered that international students from low- to middle-income countries contribute to the reduction of poverty in their home countries upon their return.
Why Study Abroad Matters?
In recent years, India has witnessed a remarkable trend in which a growing number of students, affluent individuals, and families are opting to pursue education and even settle abroad. It’s a trend that has piqued the curiosity of many, prompting questions like: What’s causing this migration? Why are people with considerable or reasonable resources choosing to leave their homeland? Let’s explore the motivations and driving factors behind this phenomenon, and discover why studying abroad can be an inspiring and life-changing experience.
Access to high-quality education
Access to world-class education is a key motivator for Indian Students. International schools and prestigious universities abroad are sought after for providing a well-rounded and globally recognized education. Students are willing to relocate to ensure they receive the best educational opportunities.
Economic Opportunities
One of the primary factors pushing the students to migrate is the pursuit of better economic opportunities. Many countries offer more favorable conditions for businesses and investments, such as lower taxes, a stable economic environment, and access to global markets. This attracts students, Indian entrepreneurs and investors looking to grow their wealth.
Healthcare
Healthcare infrastructure and services play a significant role in this migration. Advanced medical facilities, better healthcare access, and a focus on overall well-being are driving factors, particularly for elderly individuals seeking quality healthcare in their retirement years.
Quality of Life
The overall quality of life, which includes factors like clean air, safety, efficient public services, and a high standard of living, often surpasses what is available in certain parts of India. This improved quality of life can be a compelling reason to relocate.
Shocking Air Pollution
India is home to an alarming number of the world’s most polluted cities. Out of the top 50 cities with the worst air quality, a staggering 39 are located in India. This revelation is based on data collected from 131 countries, using over 30,000 ground-based monitoring stations.
India’s Passport Ranking
The Henley Passport Index for 2023 has just been released, and it’s not great news for Indian passport holders. India’s passport is ranked at 80th place, offering visa-free access to only 57 countries.
Faculty Shortages in India’s Premier Institutions
some of India’s most prestigious institutions, including the Indian Institutes of Technology (IITs), National Institutes of Technology (NITs), Indian Institutes of Management (IIMs), and Indian Institutes of Science Education and Research (IISERs), are grappling with a severe faculty shortage. Recent data reveals that these institutions collectively face a daunting 38% shortfall in faculty positions.
Income Inequality
A recent report by Oxfam sheds light on the alarming income inequality in India. According to the report, in 2021, the top 1% of India’s population owned more than 40.5% of the country’s total wealth. Additionally, in 2022, the number of billionaires in India increased to 166, a significant rise from 102 in 2020. This stark contrast in wealth distribution highlights a deep-rooted issue in the country. While a small portion of the population accumulates immense wealth, a large portion of the population struggles to afford even basic necessities for survival.
The Unemployment Crisis
India is facing a significant and largely hidden epidemic: unemployment. Instead of harnessing its demographic dividend, the country is grappling with three categories of joblessness, which are contributing to a growing crisis.
Visible Unemployment: This category includes individuals who are actively seeking employment but are unable to secure jobs.
Underemployment: Underemployment refers to individuals who are overqualified for the work they are doing, which can result in lower job satisfaction and underutilization of human capital.
Hidden Unemployment: This is perhaps the most concerning category. It includes individuals who have given up looking for work due to a lack of opportunities or discouragement. These people are not actively participating in the labor force and are often not counted in official unemployment statistics, making this crisis even less visible.
India’s Ranking in the World Happiness Index
The World Happiness Index for 2023 has placed India among the least happy nations globally, ranking it at the 126th position out of 136 countries. This ranking is a significant concern, as it indicates that the overall well-being and life satisfaction of individuals in India are lower in comparison to most other countries
Rising Share of Students Among Suicide Victims in India
Data from the National Crime Records Bureau (NCRB) reveals a concerning trend in India over the past decade—the growing share of students among suicide victims. This increase of 70% highlights the need for urgent attention to mental health and well-being among students.
Job Losses in Indian Startups
The Indian startup ecosystem, which has been a source of innovation and employment opportunities, has faced significant challenges in recent times. According to data from a leading startup news portal, approximately 27,000 tech employees at Indian startups have lost their jobs in the year 2023 alone.
Overseas degrees enhance job prospects
A recent study, the Leap-Ipsos Strategy Study Abroad Outlook Report, highlights the strong belief among Indian students that obtaining an overseas degree can significantly enhance their job prospects and provide a competitive edge. The study reveals that nearly 83% of Indian students share this perspective, underscoring the allure of international education.
Unemployable Graduates
A recent employability report has raised concerns about the employability of engineers in India. According to the report, over 80% of Indian engineers are considered unemployable due to their lack of essential technological skills required by employers in today’s rapidly evolving job market.
Unsafe for Women
Rahul Gandhi, a prominent Indian politician, recently made a statement referring to India as the “rape capital.” There is no doubt that India faces challenges regarding gender-based violence and progress is being made in raising awareness and implementing legal reforms, however, it’s a long way to go.
The Crisis in India’s Higher Education!
What’s Wrong with India’s Education System?
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