Foreign students provide profit in billions of dollars to many countries such as USA, Britain and Australia. These countries have been attracting students from around the world for many years now. Around 90,000 international students contribute more than 6.5 billion dollars to the Canadian economy, a country which has recently started recruiting foreign students.
World Educational Services recently noted in a report that foreign student recruitment is becoming vital for the growth and promotion of college and universities worldwide. However, recruiting students effectively is proving to be more difficult as various factors such as how the student makes the decision and patterns of student’s mobility come into account. Another factor is the strict immigration policies in countries such as UK will redirect the student’s interest in studying in other countries. With Countries such as India, China, Saudi Arabia and Brazil entering the education market competition for recruiting foreign students is bound to increase.
Nevertheless, the global educational market is likely to see a growth in interested students applying to study abroad. Countries like China and India are trying to improve their methods to attract more foreign enrollments and Canada is fast growing with number of international students increasing every year in the country. In the year 2011, India spent 30 percent of its economy to increase higher education. There are currently 3.3 million international students around the globe, a figure which is estimated to reach 7.2 million by the year 2025.
With the education sector developing fast in many countries, competition in the global educational market may see a steep increase in attracting foreign students to their countries for education.
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