Relief or trouble! What did Indian students studying abroad get from the budget?

Union Budget for Indian Students: India’s Union Budget 2025 has been introduced, which has also been important for Indians studying abroad. This budget is being discussed a lot, because it not only reflects the economic stability of the country, but it also helps the students financially. By the way, in this year’s budget, more attention has been paid to domestic economic development. But in this, some relief has also been given to Indian students studying abroad. Also, some rules are also tight for them.

While scholarship options have increased for students studying in India, students who have been education from abroad have not been offered much in the budget. In the last few years, there was an increase in funded education loans by the government. But in this budget, the interest rates of education loans taken for studying abroad have neither been relaxed nor have been said about the loan without guarantee. In such a situation, students will have to take education loan from private firms and pay more interest.

Where have people got relief from the budget?

The biggest announcement has been made by the government that people earning 12 lakh annually will not have to pay tax. This category also includes families whose children are studying abroad. Because of this, now these families will be able to fund well for the education of their children. They will not only be able to pay their tuition fees, but will also be able to afford their stay. However, tax compliance measures on remittances under the Libraralized Remedy Scheme (LRS) have been strictly strictly in the budget.

What is in the budget for Indians studying from abroad?

At the same time, students who want to work in India after studying from abroad are very good options for them. India’s Startups and International Financial Centers (IFSC) have been given some discounts from tax, which can return from abroad to Indian students. The five -year expansion of tax profit for the startup included before April 2030 can be an attractive offer. The Global Capability Center (GCC) has been emphasized in Tier -2 cities, which will require people in AI and engineering sector.

Despite the increasing number of Indian students like America, Britain, Canada and Australia, the budget 2025 has done very little work to remove systematic funding gaps. There is no incentive for education loan to study abroad. There is no additional grants nor tax deduction on education related expenses. This shows that students studying at their own expenses will have to bear their expenses, while tuition fees are increasing worldwide.