New Delhi: The depreciating rupee has no doubt cast a cascading effect on the economy but the worst-hit are Indian students studying abroad or those planning for higher studies in foreign universities as they have to shell out more money compared to what it was required a year ago.
As the rupee has weakened by about 20 per cent since the beginning of the calender year, overseas education costs have also gone up almost equivalently.
"The conditions have turned 'foreign education' a luxury affair, not something for the middle class to think as parents have to slog out a lot more money compared to earlier to get their children into good universities," says Neha Racch, senior counsellor at Apex Consultants.
The rupee coupled with a slowing global economy, strict visa norms and stringent immigration policies have made the prospects of overseas education more gloomy, she says. ...more
10:58 AM, Jun 10, 2012