Future of Indian students abroad to be hit by economic crunch

By SiliconIndia   |   Wednesday, 29 October 2008, 12:04 Hrs   |    5 Comments
Printer Print Email Email
Bangalore: Unlike the past, finding out a job as soon as the course completion may not be an easy task for Indian students who opted to study abroad. On the ground of global financial crisis, both MNCs and medium sized companies are reducing their recruitment plans which will affect the Institutes who every year look at a good number of offers from such companies, reported Financial Chronicle.

After spending huge money on education at various foreign universities, Indian students are facing a terrible uncertainty over finding out jobs. "Looking at the way companies are slashing head counts and lowering the number of recruitments, there remains a high possibility that we might not get a good job," said Shalini Dubey, an International Business student, University of Florida.

"With the meltdown affecting every corner of the globe it is highly unlikely that there will be many opportunities in India as well. Even students studying general and technical courses are feeling the pinch because there are mixed reaction about job prospects across all verticals," said Sukanya Biswas, a management student, University of Pennsylvania.

Most of the students choose foreign countries to study because they want to get a job there and they usually take huge amount of loans for the course completion. Moreover, they usually select specialized streams that are not available in India.

Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..