The government has announced two initiatives to fund internships for its students in Southeast Asia and India, in a drive to develop talent to fuel the growth of Singaporean businesses overseas.

In his first trip to India since he entered office, Malcolm Turnbull met with Prime Minister Narendra Modi, where education and research collaboration talks topped the agenda.

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.

The extension of the stay-back option to 24 months was a key pillar of Ireland’s marketing message during an education mission of 16 universities to India this week.

Agency association AAERI has forecasted a 30-35% drop in the number of students going to Australia for the February intake, after rupee demonetisation.

The French Minister of Foreign Affairs has set a target to attract 10,000 Indian students to study in the country by 2020, saying France's Indian student intake doesn't match the countries' trade generation.

Consultation will begin on a revised Australian national code of practice for international educators next year, which will take into account international students changing courses.

International education has not escaped the effects of last month's demonetisation of the Indian rupee. While the industry is unlikely to suffer in the long term, education agents have said there are short term implications to overcome.