Australia’s economy is now on track slowly to recover from the COVID-19 pandemic, the country’s education sector stays a significant exception with insiders trying to find a solution for the international student scarcity. This week, a plan recommended by Treasurer of New South Wales (NSW) state, Dominic Perrottet to bring in International students back put the stuck sector under the attention again.
Last year 2020, the border closure stopping international students from entering Australia cost the sector a loss in transfer revenue of nearly A$10 billion, according to the Australian Bureau of Statistics (ABS). Universities Australia said the varsities dropped at least 17,300 jobs in 2020 and lost an estimated A$1.8 billion in revenue equated to 2019. In December 2020, the nation welcomed only 230 international students, a 99.4% drop from nearly 38,460 in the equivalent month of the earlier year.
The declaration by the federal government earlier this month to extend the border closing for at least an additional three months till mid-June, as well as the existing arrival caps, further extended the difficulty. With international students still shut out of the country, the international education sector is expected to lose a further 5.5 per cent or A$2 billion in 2021, according to the Top Universities Australia. The Indian students’, which ranked second only to China as the top source country of overseas students studying in Australia, also seen a great drop.
A huge number of Indian students enrolling to study at Australian universities fell down by more than 80% in the second half of 2020, according to the Mandeep Sidhu, Registered Migration Agent in Melbourne.
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