Significant changes in the education market have triggered intense global competitiveness in the industry. Emerging economies hold a wealth of education seekers interested in taking up studies at reputable international institutions from which they can obtain degrees that will give them an edge in the job market.
Emerging Economies Are Spending Comparatively High Proportions Of Household Income On Education – 13% In China, 11% In India And 10% In Brazil, Compared With Close To 2% In Countries Like The Us And The Uk.
Demographic changes and increased spending by emerging economies are significantly impacting the growth of international student recruitment, which is forecast to grow by 5 percent annually between 2013 and 2027. It is expected that amongst all the countries China and India will continue to drive growth through 2027, accounting for a combined 60% of overall growth in outbound over the next decade.