Foreign varsities to help India save US $7.5 bn - NDTV.com

Allowing foreign universities to set up their campuses in India will help the country save up to US $7.5 billion (about Rs 34,500 crore) foreign exchange annually that students spend on studying abroad, industry body Assocham said.

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Allowing foreign universities to set up their campuses in India will help the country save up to US $7.5 billion (about Rs 34,500 crore) foreign exchange annually that students spend on studying abroad, industry body Assocham said. "It will not only dramatically enhance profile of higher education in India but help it save outflow of about US $7.5 billion of foreign exchange per annum as large number of Indian students go abroad to receive higher education," Assocham said.

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Assocham President Swati Piramal said students going abroad, cost the country a foreign exchange outflow of US $10 billion annually and foreign universities campuses in India could prevent at least three-fourth of students from leaving the country for higher education.

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