Tough road ahead for Indian students heading to the UK as British pound hits one-year high | Mint

with British Pound Indian students travelling to the UK this year may face a tough road, with student numbers rising rapidly and set to hit a one-year high.

The value of one GBP is now hit 110.95, close to a one-year high. Report Reuters,

When the year 2024 began, the value of one pound was 105 per unit, and in the first six months, it There was fluctuation between 100 and 105 before the kill 108 in July (Source: XE.com,

Over the past month, the British pound sterling has been rising steadily and hitting new highs every other day or week. For the past few days, it has been trading in this range 110-111 per unit.

For a unit of pound, the increase 5 makes a huge difference when calculating the total education cost for the whole year. British Universities The fee for a one-year course is £20,000. And when you calculate the living expenses of £12,000 for the whole year, the total cost comes to £32,000.

and when you add bounce to it For every unit of £5, the total cost increases by 1.6 lakhs. This means studying in the UK will cost extra Only Rs 1.6 lakhs due to currency (i.e. GBP-INR) value fluctuations.

Here we tell you how slight fluctuations in the value of currency can cost Indian students studying in UK this year.

We take three options here: The value of a pound is 111, 105 and 110.

Option I.: the value of a pound is 111: When the value of the pound 111, is the total cost of a one year regular course in a British university 35.52 lakhs. At premium universities, this cost will increase by another £10,000, further increasing the financial burden. Rs 11.10 lakh. The total cost comes to Rs 46.62 lakh

Option II: the value of a pound is 105: When the value of the pound 105, the total cost comes to Rs. 33.6 lakhs. At premium universities, this cost is an additional £10,000, further increasing the financial burden. 10.5 lakh rupees. Thus the total cost becomes Rs 44.10 lakh

Option III: The value of a pound is 100: When the value of a pound is 100 100, the total cost comes to Rs. 32 lakhs. At the premium university, the cost would rise by an additional £10,000, adding to the financial burden by $32 lakhs. Thus the total cost became Rs 10 lakh. Rs 42 lakh

It is noteworthy that Indian students choosing to go to UK as their higher education destination has begun to decline, About 21,000 less The number of master’s degree applicants in 2024 is higher than last year, and 23 percent drop Home Ministry data up to June 2024 shows that there will be an increase in the number of Indian students coming to the UK for higher studies by 2024.

In another development, the government led by Prime Minister Keir Starmer in the United Kingdom Curbs on foreign recruitment By information technology, telecommunications and engineering companies.

Changes in UK Visa Rules This could impact Indian professionals aspiring to work in these sectors, who are among the top users of work visas.