Indian students in London were the third largest revenue generator for the city last year, contributing £130 million. London mayor Boris Johnson's first-of-its-kind analysis has found that Indian students paid £56 million in fees and nearly £74 million in living costs, with the money creating and supporting 1,643 jobs.
But the report also confirms a major fall in Indian students in the UK -from 10% of all international students in London in 2010 to around 4% in 2014. While Chinese student numbers have grown by 49% since 2009-10, the Indian numbers have continued to decline, falling by 11% year on year.
"Indian students coming to London and the rest of the UK have approximately halved over the last five years," the report says.
Kevin McCarthy, head of Study London, told TOI: "Indian students, like Indian businesses, play an important part in London's economy. Our research shows they are a key contributor to the £3-billion international students make to the economy. The recent fall in Indian students has clearly had a negative impact on their contribution to the UK economy".
International students studying at London universities last year provided a £3 billion boost to the UK economy. China was the biggest contributor (estimated spend: £407 million), followed by the US (£217 million). Money spent in the UK by international students created 37,000 jobs, according to a new report by London & Partners, the mayor of London's official promotional company. Spending by international students increased by 18% compared to four years ago and by 98% when compared to 2005-06.
Students from the US were the highest contributors per capita, spending £33,600 per year on average. In 2014, London had welcomed over 106,000 international students.
But the report also confirms a major fall in Indian students in the UK -from 10% of all international students in London in 2010 to around 4% in 2014. While Chinese student numbers have grown by 49% since 2009-10, the Indian numbers have continued to decline, falling by 11% year on year.
"Indian students coming to London and the rest of the UK have approximately halved over the last five years," the report says.
Kevin McCarthy, head of Study London, told TOI: "Indian students, like Indian businesses, play an important part in London's economy. Our research shows they are a key contributor to the £3-billion international students make to the economy. The recent fall in Indian students has clearly had a negative impact on their contribution to the UK economy".
International students studying at London universities last year provided a £3 billion boost to the UK economy. China was the biggest contributor (estimated spend: £407 million), followed by the US (£217 million). Money spent in the UK by international students created 37,000 jobs, according to a new report by London & Partners, the mayor of London's official promotional company. Spending by international students increased by 18% compared to four years ago and by 98% when compared to 2005-06.
Students from the US were the highest contributors per capita, spending £33,600 per year on average. In 2014, London had welcomed over 106,000 international students.
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