Prime Minister Narendra Modi and Justin Trudeau. (file photo)
Tension is rising between Canada and India. India has also announced that it will withdraw its High Commissioner from Canada and other diplomats and officials who are continuously being attacked. Due to this, tension between the two countries has started to rise again. If Canada’s attitude remains the same, it will obviously have an impact on both countries. Canada has the greatest power in its hands in India. If India withdraws its hand, Canada’s economy could also be affected.
In fact, apart from bilateral trade, Canada also relies heavily on Indian students. If Canada’s relations with India deteriorate due to its attitude, then Canada’s economy will definitely be affected. A large number of Indian students go to Canada to study and are a major source of money for the country’s economy and the universities here. In such a situation, please let us know how much Indian students contribute to the Canadian economy.
Indians are the ones who study the most in Canada
According to Indian government data, more than 13 lakh Indian students are studying abroad. Every year, a large number of Indians travel abroad to study. Canada is the first choice to study for most Indian students. Most Indian students go to Canada to study. Currently, 4,27,000 Indian students are studying in Canada. There are 40 per cent Indian students in Canada and they contribute Rs 2.5 lakh crore to the Canadian economy, thereby strengthening the Canadian economy.
Why Canada is the first choice
Canada is the first choice of Indian students because the fees paid here are lower than other countries. However, these fees are even lower for Canadian citizens and foreign students have to pay four times more. According to government data, foreign students, including Indians, pay an average fee of Rs 8.7 lakh in Canada.
contribution to the economy
Indian students are not only contributing to the Canadian economy by paying fees and tuition, but they are also improving the country’s economy by working here. According to 2022 data, the contribution of foreign students to the Canadian economy was $22.3 billion, while Indian students alone contributed $10.2 billion i.e. Rs 85 billion.
Not only this, many colleges and universities in Canada function on the basis of India. In such a situation, if Indian students stop going there and do not work, then Trudeau’s arrogance will be exposed. If India bans Indian students, then Canada’s economy will take a hit of at least Rs 85 billion, this is the same money Indians spend there on education and accommodation.
