The demand among Indian students to study in Canada has increased over the past three years, with 40% of all international students in Canada hailing from India, a report from CareEdge Ratings has said.
According to the report, it is expected that political tensions between the two countries “will be resolved” as Indian students contribute Canadian Dollars 10 billion annually to the country’s economy.
Loans disbursed by education-focused Non-Banking Financial Companies (NBFCs) in India, for students to pursue education in Canada, grew nearly five times over the past three years, from ₹1,426 crore as on March 2021 to ₹5,183 crore in June 2023.
