Business Standard

Punjab college students make investments Rs 68,000 crore yearly in Canadian training: Report

Rising tensions between India and Canada have raised considerations amongst mother and father about large investments of their kids’s training in Canada. The evaluation revealed this funding as a staggering outflow of Rs 68,000 crore yearly from Punjab, Khalsa Fox reported on Saturday.

In keeping with khalsa vox, a complete of 226,450 visas have been authorized final yr by Canada underneath the Refugee and Citizenship Canada (IRCC) programme, and a big portion, about 1.36 lakh college students, hail from Punjab. These college students pursue numerous programs with a mean period of two to 3 years.

Present knowledge launched by pupil visa processing companies signifies that about 3.4 million Punjabi college students are at the moment finding out in numerous instructional establishments throughout Canada.

In keeping with Khalsa Fox, President of the Affiliation of Overseas Research Consultants, Kamal Bumla, “Primarily based on our obtainable figures, practically 60 per cent of Indians immigrating to Canada are Punjabis, accounting for an estimated 1.36 lakh college students who went final yr On common, every pupil pays roughly 17,000 CAD in annual charges, along with depositing 10,200 CAD in funds for Assured Funding Certificates (GIC).

He said that solely 38,000 Punjabis have been making use of to Canada yearly till 2008, however the numbers are actually booming at a double-digit tempo.

A senior official from a distinguished Foreign exchange agency in Jalandhar added, “We frequently observe that the typical expenditure incurred by Punjabi mother and father to ship their kids to Canada on a pupil visa quantities to about Rs 20 lakh every year. Extrapolating from this knowledge, it’s secure to estimate that there At the very least 3.4 lakh Punjabi college students in Canada, collectively contribute Rs 68,000 crore yearly to the Maple Leaf land.

The rise within the variety of Punjabi college students in Canadian universities is a noteworthy pattern, as practically 60 per cent of all Indian college students shifting to Canada are of Punjabi origin, Khalsa Fox reported.

Almost 1.36 lakh Punjabi college students made the journey to Canada final yr, with every pupil paying a mean annual charge of C$17,000 as said by the President of the Consultants Affiliation for Abroad Research, Kamal Bumla.

(Solely the title and picture of this report could have been reworked by Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

(tags for translation) Punjabi College students

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