US Recession: America is facing recession, why is the problem increasing for Indian students? Understand here

Effect on recession in America: These days, every small and big number of companies in America are laying off people every day. Consulting firm PwC has laid off 1800 people in America. Not only this, but most of the jobs are going in the tech sector, where a large number of Indians work. In the tech sector, which plays a big role in the US economy, more than 1,24,000 people have been laid off in 2024 alone. Every year millions of students go to America to study. A large number of students from India also turn to America for studies. Most of these students start working there after completing their studies. However, there is a wave of concern among Indian students about the way layoffs are happening in different sectors these days. The sound of recession amid the falling rupee has increased the tension of the students manifold. In such a situation, let us know how the recession in America is going to affect Indian students.

How will the recession affect Indian students?

The downturn in the US economy means that its impact will be felt by the people living there and studying there. The recession in the US is going to affect Indian students in many ways.

Rising prices: Due to recession, the prices of everything are going to increase. The first impact will be on the tuition fees, which can become even more expensive. America is anyway counted among the expensive countries of the world. On top of this, due to recession, the cost of living and food will also increase here. Apart from this, there can be an increase in the rent of students as well.

Less job opportunities: The main purpose of Indian students studying in America is to get a job there. This is the reason why students take admission in American universities by paying fees worth lakhs of rupees. However, the way job cuts are happening these days has raised concerns. Due to recession, companies may cut down on hiring, which will make it difficult for students to get a job.

Difficulty in paying loan: Due to recession in America, the biggest problem for students studying there is going to be finding a part time job. Many students even repay their loans by doing part time jobs, while some even get jobs in good companies. But due to job cuts, there will be no money in hand and then it will become difficult to repay the loan.

Priority given to local people: The recession is also going to affect foreign workers and students. The reason for this is that due to the recession, it will be difficult to provide sponsorship, due to which most companies are going to give priority to hiring local American people. In such a situation, finding an internship can prove to be a headache for Indian students.