Study Abroad - An Overview
With the inclusion of higher education as a sector in the General Agreement on Trade in Services, we are committed towards the four strands of trade in education services viz. consumption abroad, cross border supply, natural presence and commercial presence. Of these, consumption abroad calls for the presence of Indian students in other countries. Due to spectacular growth in Science and Technology, India has achieved the global recognition as a country which could provide skilled manpower capable of contributing to the economy of different countries. The status of Indians as skilled workers and migrating brains has undergone changes as innovators developing linkages with other countries by establishing institutions abroad. Though everybody is well aware of the growing importance of international standards in higher education, a major handicap in realizing this objective is the absence of relevant information about the scope, opportunities, choice of institutions etc. in foreign countries.
One of the founding principles of the USEFI (United States Education Foundation in India) is that when Indians and Americans study together, conduct joint research and engage in educational exchange activities , they are laying the foundation for better relations between the US and India. The stagnation of employment in developed countries and apparent recovery in developing countries after the Great Recession of 2008-09 have renewed perceptions of a global shift in employment to the developing world, particularly in manufacturing activities.
In the era of Globalization, Global village concept is acquiring momentum in the overseas education sector of the country. Study abroad is the surest way to open the students' mind to the world and break free the cocoon of domesticity that surrounds most Indians. Overseas education market has changed beyond belief. Large number of universities and schools from different countries are considering India as a potential recruitment center. Apart from UK, USA, Canada, Australia, New Zealand, Ireland, and Switzerland, even countries including Singapore, Malaysia, Russia, China and Italy has started recruiting students from the country.