IDP Education
IDP Education
IDP Education
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>IDP</strong><br />
<strong>Education</strong><br />
2010 South Asia<br />
Visit www.idp.com
<strong>IDP</strong> <strong>Education</strong> • SOUTH ASIA<br />
Countries under South Asia<br />
India, Sri Lanka, Bangladesh, Mauritius<br />
ECONOMY<br />
Figure 1. Percentage GDP Growth for South Asian Countries, 2008 to 2011<br />
Source: International Monetary Fund - WEO April 2010, July 2010.<br />
According to the July 2010 IMF forecast report, GDP growth in the key South Asian countries is forecast to<br />
grow moderately after declines in 2009, India from 5.7% in 2009 to 9.4% in 2010, Bangladesh showing no<br />
growth in 2010 at 5.4%, Sri Lanka from 3.5% to 5.5% and Mauritius from 1.5% to 4.1% in 2010.<br />
Figure 2. Offshore Visa Grants and AEI Commencements by Sector for South Asian Countries, 2008 to 2010<br />
Sources: Australian <strong>Education</strong> International – Standard Pivot Table, June 2010, DIAC Visa Grants data.<br />
(1)<br />
AEI Commencement data from 2008 to 2010 by financial year (July to June).<br />
(2)<br />
DIAC Visa data is Offshore Visa Grants by financial year.<br />
Of all the source countries in the Southern and Central Asia region, India still continues to be the largest<br />
source country for commencements into Australia. Commencements from India accounted for 18.9% of total<br />
commencements in FY2008, 21.0% in FY2009 and 14.7% in FY2010.<br />
DIAC offshore visa grants (across all combined sectors) have declined as follows between FY2009 and FY2010:<br />
India declined very strongly from 65,503 to 29,721 (-54.6%), Bangladesh from 4,265 to 3,476 (-18.5%), Sri Lanka<br />
from 3,763 to 2,774 (-26.3%) and Mauritius from 3,004 to 1,613 (-46.3%).<br />
Commencements (across all sectors) grew moderately between FY2009 and FY2010 for India from 60,060 to<br />
67,420 commencements (+10.0%) and Bangladesh from 2,997 to 3,511 commencements (17.2%). Countries to<br />
decline include Sri Lanka down -7.4% from 4,370 to 4,045 commencements and Mauritius from 2,840 to 2,319<br />
commencements (-18.3%).
SOUTH ASIA • <strong>IDP</strong> <strong>Education</strong><br />
Market overview<br />
India: Large, dynamic and steadily expanding, the Indian<br />
economy is characterised by a huge workforce operating<br />
in many new sectors of opportunity. India is a young country<br />
with one third of the population in the 15-35 age group and<br />
a median age of 25.3.<br />
The Indian economy is one of the fastest growing economies<br />
with GDP forecast to grow at upwards of 8% in FY 2011 and<br />
is the 12th largest in terms of the market exchange rate at<br />
$1,242 billion. In terms of purchasing power parity, the Indian<br />
economy ranks the fourth largest in the world. However, poverty<br />
still remains a major concern besides disparity in income.<br />
Bangladesh: The economy has grown 5-6% per year since<br />
1996 despite political instability, poor infrastructure, corruption,<br />
insufficient power supplies, and slow implementation of<br />
economic reforms. Bangladesh’s growth was resilient during the<br />
2008-09 global financial crisis and recession. Garment exports,<br />
totalling $12.3 billion in FY09 and remittances from overseas<br />
Bangladeshis totalling $9.7 billion in FY09 accounted for almost<br />
25% of GDP.<br />
Sri Lanka: Sri Lanka saw GDP growth average at nearly 5%<br />
in the last 10 years. Growth was 3.5% in 2009, still high despite<br />
the world recession. Sri Lanka’s most dynamic sectors are now<br />
food processing, textiles and apparel, food and beverages, port<br />
construction, telecommunications, and insurance and banking.<br />
About 1.5 million Sri Lankans work abroad, 90% of them in the<br />
Middle East and in total send home more than $3 billion a year.<br />
Mauritius: Mauritius has witnessed enormous development<br />
in the last decade. From an economy, dependent mainly on<br />
sugar, it has diversified its economic activities to the textile and<br />
apparel industry, tourism and financial services. Foreign Direct<br />
Investment has flowed into the country on account of the highly<br />
skilled labour force and very good infrastructure. The average<br />
economic growth was 5.6% over the last 3 years, while the GDP<br />
per capita has reached US$4000. All of this has resulted in a<br />
higher standard of living with the life expectancy rate at 71.4<br />
years, and adult literacy rate at 83 percent.
<strong>IDP</strong> Strategy in South Asia<br />
<strong>IDP</strong> <strong>Education</strong> India today has 14 offices across the country.<br />
The opening of three new offices in Coimbatore, Kolkatta<br />
and West Delhi in 2010 is part of the geographical expansion<br />
strategy and continuous focus on the Australian Higher<br />
<strong>Education</strong> market. With the decline in overall enrolments for<br />
Australia, it is important for <strong>IDP</strong> to gain greater market share<br />
from across the country which will in turn provide greater<br />
opportunities for Australian institutions.<br />
<strong>IDP</strong> India has invested in a range of web marketing activities<br />
to promote Australian education. The <strong>IDP</strong> India website has<br />
a live chat feature, where trained counselors answer student<br />
queries and send qualified leads to the nearest <strong>IDP</strong> office for<br />
further counseling and follow up. The <strong>IDP</strong> blog also hosts a<br />
series of comprehensive articles about Australian universities<br />
and courses.<br />
The introduction of the Central Assessment Centre (CAC)<br />
in <strong>IDP</strong> India has supported participating universities with<br />
application processing and issuance of offer letters. The<br />
turnaround time of 48 hours has improved conversions from<br />
application to enrolment for these universities.<br />
<strong>IDP</strong> India transitioned to becoming a multi-destination service<br />
provider in 2010 with the introduction of student services for<br />
the U.S. It is envisaged that this transition will increase the<br />
numbers of students in our offices and in turn opportunities for<br />
Australian education.<br />
<strong>IDP</strong> remains committed to Sri Lanka in the face of the current<br />
situation with the opening up of the economy, growth in upper<br />
and middle class segments leading to growth and distribution<br />
of wealth amongst a larger section of the population the<br />
number of students seeking an international education will<br />
continue to grow.<br />
In Bangladesh there is a shortfall of places in higher education<br />
for students who graduate with the higher secondary<br />
education certificate. The existing 81 universities are unable<br />
to meet the demand for higher education. As the University<br />
Grants Commission works at bringing positive reforms to the<br />
higher education sector the number of students seeking an<br />
international education will continue to grow.<br />
In Mauritius <strong>IDP</strong> is strongly committed to maintaining the level<br />
of Australia-bound students. A strong and open dialogue with<br />
clients and improving our levels of service to our students will<br />
be of paramount importance throughout 2011 and beyond. In<br />
view of the various challenges faced by Australian institutions,<br />
<strong>IDP</strong> Mauritius has already started to implement a series of<br />
niche marketing strategies and developing further PR activities<br />
and communication with media and corporate bodies.<br />
For more information on South East Asia contact the<br />
country websites:<br />
www.india.idp.com<br />
www.srilanka.idp.com<br />
www.bangladesh.idp.com<br />
www.mauritius.idp.com<br />
This publication is for general information only.<br />
Current as at October 2010.<br />
Visit www.idp.com