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US, UK, Australia top education destinations for Indian parents: Report

January 28, 2019

As many as 44 per cent of parents in India are mulling the benefits of international education for their children, and top destinations are the US, the UK and Australia, says a report by HSBC.

According to the study, US topped the charts with 52 per cent of parents planning international education for their children opting for this, followed by Australia (46 per cent) and the UK (44 per cent). Other top education destinations for Indian parents include Canada, Germany, Singapore, New Zealand, Japan, Austria and Switzerland.

There’s a clear appetite from parents in India to send their children overseas, whether that’s to gain international work experience or improve language skills in countries such as the UK, the US and Australia,” HSBC India Head-Retail Banking and Wealth Management Ramakrishnan S said.

However, 42 per cent of the respondents felt the biggest concern is incurring a higher cost to them. Interestingly, parents in the wealthiest countries like the UK (63 per cent), the US (65 per cent) and Australia (64 per cent) also see this as a similar challenge.

The survey was conducted among 10,478 parents and 1,507 students in 15 countries and territories.

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