According to RBI data, in August, Indians remitted $467.52 million for overseas education, $330.70 million for maintenance of close relatives, and $221.31 million in gifts.
The Graduate route is designed for international graduates who have been awarded their degree from a recognised UK university to stay on and look for work for at least two years.
I ask investors if they would buy an investment at its current price.If the answer is no, then it is not wise to continue holding it, says Harsh Roongta
Among undergraduate programs, overseas applicants are also mulling change of destinations from Asian, European and American colleges to relatively lesser impacted regions
While news reports suggest education-related overseas expenditure saw a drop by 20%, education consultants say numbers of students going abroad remains steady