By issuing a new order, Trudeau shot himself in the foot! Know the participation of Indian students in Canada's economy
Canada Student Visa: Now a new chapter has been added to the tension that started between India and Canada on the issue of Khalistani Hardeep Singh Nijjar. Although Canada has not said anything specifically about India, the visa rules announced for students are going to impact India as well.
The Kalamkar News, Canada Student Visa: Now a new chapter has been added to the tension that started between India and Canada on the issue of Khalistani terrorist Hardeep Singh Nijjar.
Although Canada has not said anything specifically about India, the visa rules announced for students are going to have an impact on India as well. Under the new rules, Canada has reduced student visas by 35 percent. In the year 2023, Canada had issued 5.79 student visas, but this year i.e. in 2024 it will reduce to 3.64 lakh.
Justin Trudeau's popularity was being affected due to rising housing prices and rising inflation in Canada. In such a situation, the government has made major changes in the student visa rules for the next two years. The Canadian government has immediately imposed a two-year cap on new international student visas to deal with the housing crisis.
impact on indian students
Canada, with a population of 4 crores, has more than 9 lakh foreign students, in which the share of Indian students is 37%. To deal with the housing crisis arising in Canada due to foreign students, the government decided to cap the visa. This decision of the Canadian government is going to affect Indian students. According to CBC report, there are more than 340000 Indian students in Canada.
The number of these Indian students going to Canada to study will decrease. Every year around 10 lakh international students reach there. These students play a big role in the Canadian economy. Now capping the number of external students will affect the Canadian economy.
Canada's economy will be affected
Canada has always had an open immigration policy. Students from all over the world come to study in Canada. These students play a major role in the Canadian economy.
According to IRCC report, foreign students contribute $22.3 billion to Canada's economy. Canadian banks earn huge amounts of money from students coming from abroad. Students coming to Canada and studying have to give GIC i.e. Guaranteed Income Certificate. Every year it is around 20 thousand Canadian dollars.
Not only this, due to the students coming from abroad to study in Canada, the housing sector and retail sector there gets a boost. Students coming to Canada and studying here are able to work along with studies due to work permit.
Due to which the retail stores and restaurants sector here gets young workforce. Foreign students constitute 4.6 percent of the workforce in the Canadian food industry. In such a situation, capping the number of foreign students will affect Canada's economy.
How much shock can India give?
Indians account for 37 percent of the foreign students coming to Canada to study. Indian students play a major role in the Canadian economy.
Students who go to Canada to study take huge investments with them. Foreign students are charged 4 to 5 times more fees than Canadian students.
Indian students contribute billions of dollars to the Canadian economy every year. In such a situation, this decision of Canada will affect its economy.