Remittances by Indians for studies abroad dropped to a five-year low of $138.8 million in June 2025, reflecting new restrictions on student visas from countries like the US, Canada, and Australia. The United States student remittance figures are down 30% year-on-year, with Canada also reporting a decline, while the UK emerges as a preferred destination due to more flexible policies. Experts say the drop is largely due to stricter visa requirements and reduced approvals. If this trend continues, Indian students may have to explore alternative destinations for higher education.
