Students from Hyderabad contributing billions to US economy, says report

US-economyThe United States is earning $ 21.8 billion in tuition fees and $ 12.8 billion in living costs from the students belonging to India, China and South Korea, says a report.

A detailed report was released on Friday by the prestigious Brookings Institute. It said that over the period of 2008 to 2012, foreign students from India, China and South Korea contributed USD 21.8 billion in tuition fees and USD 12.8 billion in living costs to 118 metro areas of the US that are home to at least 1,500 students each.

The students from Mumbai and Hyderabad contributed over $ 1.25 billion to the US economy. Mumbai sent 17, 294 students to US over a period of five years while Chennai 9,141, Bangalore 8,835 and New Delhi 8,728.

Out of every 100 foreign students in the STEM (science, technology, engineering and math) category, the report recorded 31 are from China, 27 from India and Five from South Korea. Hyderabad is the top source city of foreign STEM students in the US, says the American think-tank. India accounts for eight of the 10 origin cities with the highest shares of their F-1 (student visa) students in STEM fields.

China sends the largest number of foreign students to US as nearly 285,000 entered into US on F-1 visas.

South Korean city Seoul sent 56,000 students on F-1 visa to the US during 2008-2012.

According to the report, Beijing (49,946), Shanghai (29,145), Hyderabad (26,220) and Riyadh (17,361) also topped the list of source cities, each sending between 17,000 and 50,000 students

Kathmandu with a population of just 70,000 figures in the top 10 cities having sent 10,721 students to the US.

Medaram Jathara

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