Punjab college students make investments Rs 68,000 crore yearly in Canadian schooling: Report

Business Standard

Rising tensions between India and Canada have raised considerations amongst dad and mom about big investments of their kids’s schooling in Canada. The evaluation revealed this funding as a staggering outflow of Rs 68,000 crore yearly from Punjab, Khalsa Fox reported on Saturday.

In response to khalsa vox, a complete of 226,450 visas have been authorised final yr by Canada underneath the Refugee and Citizenship Canada (IRCC) programme, and a big portion, about 1.36 lakh college students, hail from Punjab. These college students pursue varied programs with a mean length of two to a few years.

Present information launched by pupil visa processing companies signifies that about 3.4 million Punjabi college students are at the moment learning in varied academic establishments throughout Canada.

In response to Khalsa Fox, President of the Affiliation of International Research Consultants, Kamal Bumla, “Based mostly on our out there figures, practically 60 per cent of Indians immigrating to Canada are Punjabis, accounting for an estimated 1.36 lakh college students who went final yr On common, every pupil pays roughly 17,000 CAD in annual charges, along with depositing 10,200 CAD in funds for Assured Funding Certificates (GIC).

He said that solely 38,000 Punjabis have been making use of to Canada yearly till 2008, however the numbers at the moment are booming at a double-digit tempo.

A senior official from a distinguished Foreign exchange agency in Jalandhar added, “We frequently observe that the common expenditure incurred by Punjabi dad and mom to ship their kids to Canada on a pupil visa quantities to about Rs 20 lakh each year. Extrapolating from this information, it’s secure to estimate that there A minimum of 3.4 lakh Punjabi college students in Canada, collectively contribute Rs 68,000 crore yearly to the Maple Leaf land.

The rise within the variety of Punjabi college students in Canadian universities is a noteworthy pattern, as practically 60 per cent of all Indian college students shifting to Canada are of Punjabi origin, Khalsa Fox reported.

Practically 1.36 lakh Punjabi college students made the journey to Canada final yr, with every pupil paying a mean annual price of C$17,000 as said by the President of the Consultants Affiliation for Abroad Research, Kamal Bumla.

(Solely the title and picture of this report could have been reworked by Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

(tags for translation) Punjabi College students

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