Why are Indian students so reluctant to apply to graduate school?
A study published in the Journal of Applied Economics found that students from poorer families were more likely to drop out of school and to remain at home.
According to the study, “the reasons for these changes have not been clearly delineated”.
The study also found that while more than 80 per cent of students from households earning between $50,000 and $75,000 a year are likely to graduate, just 35 per cent are in the top 20 per cent for earning between that amount and $200,000.
The report also found an overall decline in the number of students taking up graduate studies in the past two decades, from 7.6 per cent in 1991 to 5.7 per cent this year.
In a report published in 2016, the OECD also found India has one of the world’s highest graduation rates, with the average student achieving his or her degree within three years.
There are many reasons why people choose to study in India.
The country has one the highest educational attainment rates among rich countries, with a median household income of $100,000, according to the OECD.
India also has one with one of Asia’s most progressive tax regimes, with an effective tax rate of 17 per cent.