My India First

My India First

Punjab college students make investments Rs 68,000 crore yearly in Canadian schooling

CHANDIGARH: The rising tensions between India and Canada have raised issues amongst dad and mom concerning the hefty investments of their kids’s schooling in Canada. Evaluation revealed this funding as an outflow of a staggering Rs 68,000 crore annually from Punjab, Khalsa Vox reported on Saturday.
Based on the Khalsa Vox, final yr complete 226,450 visas have been permitted by Canada below the Refugees and Citizenship Canada (IRCC), and a good portion, roughly 1.36 lakh college students, hailed from Punjab. These college students are pursuing numerous programs with a median period of two to a few years.
The present information from scholar visa processing businesses counsel that round 3.4 lakh Punjabi college students are at the moment learning in numerous instructional establishments throughout Canada.
As per the Khalsa Vox, the Chairman of the Affiliation of Consultants for Abroad Research, Kamal Bhumla mentioned, “Based mostly on the figures accessible to us, practically 60 per cent of Indians migrating to Canada are Punjabi, accounting for an estimated 1.36 lakh college students who went final yr. On common, every scholar pays roughly 17,000 Canadian {dollars} in annual charges, along with depositing 10,200 Canadian {dollars} as Assured Funding Certificates (GIC) funds.”
He knowledgeable that solely 38,000 Punjabis have been making use of for Canada annually till 2008 however the numbers are actually booming at a number of folds tempo.
A senior official from a outstanding foreign exchange firm in Jalandhar added, “We frequently observe that the typical expenditure incurred by Punjabi dad and mom to ship their kids to Canada on a scholar visa quantities to roughly Rs 20 lakh per yr. Extrapolating from this information, it’s protected to estimate that there are not less than 3.4 lakh Punjabi college students in Canada, collectively contributing Rs 68,000 crore yearly to the Land of the Maple Leaf.”
The Khalsa Vox publication reported that the surge of Punjabi college students on Canadian campuses is a noteworthy pattern, with practically 60 per cent of all Indian college students transferring to Canada being of Punjabi origin.
Roughly 1.36 lakh Punjabi college students made the journey to Canada final yr, with every scholar paying a median annual payment of quantity 17,000 Canadian {dollars} as acknowledged by the Chairman of the Affiliation of Consultants for Abroad Research, Kamal Bhumla.



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