Education-related forex outflow over $2 bn last fiscal

Your Education is Our World

Nearly one lakh Indians held student visa in Australia at the start of the fiscal and the total global outflow of education-related foreign exchange was more than $2 billion last year.

“As on March 31, 2009, the total number of Indians holding student visa in Australia is 81,690,” Minister of State for Finance Namo Narain Meena told Rajya Sabha today.

On the total forex outflow in terms of overseas students’ tuition fees and expenses to Australia, Meena said, the government does not maintain detailed country-wise break-up of the forex outflow.

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