Georgia is emerging as a popular destination for Indian medical students as the Ukraine war continues.
Indian spending on education in Georgia surged to $50.25 million in 2024-25, a five-fold increase from $10.33 million in 2018-19.
Remittances to Ukraine for education have decreased from $14.80 million in 2018-19 to $2.40 million in 2024-25.
Russia has also seen a rise in Indian spending on education, reaching $69.94 million in 2024-25.
Detailed Insights:
The increase in Indian students going to Georgia is attributed to the ongoing war in Ukraine, making Georgia a safer alternative for medical education.
In 2022-23, Georgia entered the top 15 countries for Indian remittances for education, rising from 21st position in 2018-19 to 14th.
The number of Indian students going to Georgia for study/education increased from 4,148 in 2019 to 10,470 in 2023.
While overall Indian remittances for education fell in 2024-25, Georgia recorded a 19% increase over the previous year’s $42.38 million.
Russia's rank among destinations for Indian students has improved from 23rd in 2018-19 to 11th in 2024-25.
Top destinations for Indian students pursuing higher education include Canada, the USA, the UK, Australia, and Germany.
The USA, the top country for Indian spending on education, saw a 10% drop in remittances for education in 2024-25 compared to 2023-24.
Key Concepts Involved:
Remittances: Money sent by a migrant worker back to their family in their home country.
Liberalised Remittance Scheme (LRS): A scheme by the Reserve Bank of India that allows Indian residents to remit funds abroad.