Billion-Dollar Loss: Indian Students Immigration
Because of its hospitable immigration policies, canada has been a refuge for indian students. But given the growing political tensions between canada and India, you might anticipate that the North American nation would soon impose stringent immigration restrictions. Aspiring students who wish to study elsewhere will be extremely disappointed, but canada won't have an easy time either. With more than 320,000 enrolled in 2022 alone, indians make up a significant share of the nation's international student body.
Recent policy reforms have the potential to upend the multibillion-dollar education sector. According to a recent Canadian media article, Ontario alone may lose $1 billion in CDM over the next two years. The Canadian administration was following the same course even prior to the latest diplomatic spat between the two nations. Due to population growth, rising housing costs, and inflation, they were enforcing stringent immigration restrictions, which caused significant problems for the residents.
Recent policy reforms have the potential to upend the multibillion-dollar education sector. According to a recent Canadian media article, Ontario alone may lose $1 billion in CDM over the next two years. The Canadian administration was following the same course even prior to the latest diplomatic spat between the two nations. Due to population growth, rising housing costs, and inflation, they were enforcing stringent immigration restrictions, which caused significant problems for the residents.
In actuality, however, overseas fees—which are usually three times greater than domestic fees—are a major source of funding for Canadian colleges. In addition, indian students pay for more than simply tuition; they also help with housing, food, shopping, and transportation. A startling CDN$30 billion has been contributed to the GDP by immigrant students, the bulk of whom are from India. Therefore, if canada continues to maintain its stringent immigration policies, it will be a huge error.