Spending by international students generated £25.8bn in gross output for the UK’s economy in 2014/15, new research from Universities UK has shown. Universities, meanwhile, earned £13.1bn in export receipts in the same year.
The Indian finance minister, Arun Jaitley, believes that for India to be considered an international education destination, at least 20 of its universities need to feature among the top 100 in a global league table.
Stagnation of non-EU student numbers at UK higher education institutions shows no sign of abating, as the latest HESA statistics show international enrolments flatlined in 2015/16. Indian student numbers continued to fall, as Malaysia pushed into second place for the first time.
Higher education institutions in England have predicted their income from international student fees will hit £4.8bn by 2018/19, a third more than in 2014/15, according to HEFCE. However, the funding body has warned the increase may be based on optimistic forecasting of international student growth.
Higher education will provide the foundation for a deepening trade relationship between the UK and China as the bilateral partnership enters a 'golden era', according to a new report from CBI and Middlesex University.