India: The least expensive destination for foreign education

According to a report by HSBC, India has emerged as the least expensive country for foreign education, whilst Australia is the costliest. The report asserts that the average annual cost including university fees and living expenditure of an undergraduate international student:

  • In India is $5,642 per annum (Approx.)
  • In Australia it is as high as $42,093 a year

Besides this, the education costs in India are the least amongst the 15 countries. Moreover, the costs are lesser than those prevalent in Turkey, China and Mexico. It is worth noticing that India ranks 8th in terms of the quality of education offered to the students and 5% of the respondents surveyed have put the country in their top 3 preferred destinations.

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