Study in UK: International Students Contribute 10 Times More to it’s Economy This Financial Year

International students, particularly Indians, have a net positive economic impact on the United Kingdom, according to research. A study from prominent UK higher education institutions was launched on Tuesday in London. At a time when worries about a crackdown on foreign student visas as part of UK government efforts to lower immigration levels are growing.

According to the figures for 2020–21, Indians are the second-largest group of foreign students enrolling in UK institutions. With 87,045 first-year enrollments, behind only China (99,965 enrollments) and surpassing Nigeria (32,945).

Focusing on the numbers for 2020–21, the paper asserts a boost to the economy of 96,000 pounds per non–European Union (EU) student. This includes students from nations like India.

Overseas Students Put 10 Times More Into the Economy

“International students boost both local and national economic well being,” stated Dr. Gavan Conlon, Partner at London Economics. This had been hired to undertake the study. “International students put nearly 10 times more into the economy than they take out.” But overseas students also make it feasible for institutions to conduct cutting-edge research. Also, teaching that would not be possible otherwise. The achievement of universities in drawing in overseas students. This should be commended since it represents one of the UK’s most important export businesses, he added.

The analysis was commissioned by the Higher Education Policy Institute (HEPI), Universities UK International (UUKi), and Kaplan International Pathways. However, this was in response to an ongoing political discussion about potential restrictions on dependent visas. Especially for international students as well as potential reductions in their post-study work visa rights.

Home Secretary Suella Braverman, according to sources in the UK media, wants to crack down on international students. For the ones who bring in dependents since they are seen to be contributing to the nation’s growing migration rates.

According to Nick Hillman, Director of HEPI, an independent organization, “the number of international students has been rising quickly. Reflecting the UK’s attractiveness to those who want to better themselves through education. In spite of mixed messages from policymakers.” It is crucial that any future adjustments to the laws governing overseas students be supported by facts rather than mere opinion. Therefore, the purpose of this paper is to support the current body of data. In the lead-up to the next election, it is expected it has to be read by every candidate for every significant political party in every seat,” he stated.

Benefits of International Higher Education

According to “The Costs and Benefits of International Higher Education Students to the UK,” the total economic gains from international students increased by 34% between 2018–19. Also, 2021–22, from 31.3 billion to 41.9 billion pounds. The information demonstrates that “hosting international students has significant economic benefits that far outweigh the costs. With a total net benefit of 37.4 billion pounds to the UK economy,” according to the research. According to the report’s data, every eleven non-EU students contribute positively to the UK economy in the amount of 1 million pounds.

Jamie Arrowsmith, Director of UUKi, the representing organization, stated that “it is crucial that the UK remains an open and welcoming destination for international students. Also, that their contribution is recognised and valued.”

In terms of study visas, Indians have surpassed Chinese applicants, according to more current census statistics. This increase is partly attributed to the relatively recent Graduate Route visa. This was introduced in July 2021 and gives overseas students the opportunity to continue working after earning their degree. Any restrictions on visas are likely to make the UK less appealing to Indian students.

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