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Indian students contributed $7.6 bn to US economy last year

Indian students contributed $7.6 bn to US economy last year
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Indian students contributed $7.6 bn to US economy last year 

Highlights

US hosts more than 1 million students for 5th year in a row

Washington: Indian students contributed $7.6 billion to the United States economy in the academic year 2019-20, even though there was a 4.4 per cent drop in the total number of Indian students, according to a report.

China remained the largest source of international students in the United States, with the number of Chinese students in the country increasing for the 16th consecutive year. There were over 3,72,000 Chinese students in the United States during the year 2019-20, said the report "Opens Doors 2020."

India remained the second largest source of international students, despite a 4.4 per cent decline to 1,93,124 students, it said.

According to the report, released by the United States Department of State's Bureau of Educational and Cultural Affairs and the Institute of International Education (IIE), for the fifth consecutive year the United States hosted more than 1 million international students (10,75,496) in an academic year.

Despite a slight decline (1.8 per cent) in the number of international students in the United States during the 2019-20 academic year, this group still represents 5.5 per cent of all students in the United States higher education system. According to the United States Department of Commerce, international students contributed $44 billion to the United States economy in 2019, including $7.69 billion from Indian students.

"We are encouraged to see a fifth year of more than 1 million international students in the United States before the pandemic," said Marie Royce, Assistant Secretary of State for Educational and Cultural Affairs. "International student mobility is as important today as ever, and we believe the United States is the best destination for students to study and earn their degrees. Education is a pathway to a greater future and international educational exchange has the power to transform students' trajectories," Royce said.

Among the top 20 places of origin, the largest percentage increase of students was from Bangladesh (seven per cent), followed by Brazil (four per cent) and Nigeria (three per cent). Saudi Arabia saw the largest percentage decrease (-17 per cent) primarily due to changes in its government's scholarship programme.

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