As international borders reopen with the Covid situation easing, studying abroad is set to grow in the coming years and according to new forecast, over 18 lakh Indian students are set to opt for foreign colleges and universities by 2024.While the demand for studying abroad is increasing and the outflow is also increasing, student expenditure is soaring and is likely to touch $75-85 billion by 2024, which will be an increase of more than 2 times from 2019.While the sector faced a stunted growth in 2020-21 as international borders were closed to combat Covid, it is now expected to regain momentum as things become normal, according to the report by Bengaluru-based market research firm RedSeer.
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