India is the biggest source of income and talent for Canada: Report
New Delhi: The latest data released by Immigration, Refugees and Citizenship Canada (IRCC) shows the immense reality of the snow-covered country Canada. The Ottawa government has developed a smart way to generate income for the nation by attracting foreign students.
The Bank agent on the condition of anonymity said, one student from India – who plans to study in Canada – uses at least Rs 25,00,000 or takes a loan from the bank, and more than two lakh students are going to Canada every year to study.
According to the data of IRCC, Out of the nearly 450,000 international students who moved to the North American country last year, almost 50 percent were from India.
It means Canada earns around CAD$ 9,150,000,000 from Indian students only. Indians are by far the biggest recipients of Canadian visas and permanent residencies.
Apart from this, the Immigration, Refugees and Citizenship Canada (IRCC) data show that Indians comprised almost one-third of the 405,303 new permanent residents granted last year.
The Canadian media reported, that there were also over 10,000 Indians who moved under the country’s Temporary Foreign Worker Program in addition to the 130,000 who got work permits under the International Mobility Program.
The Canadian government’s most recent immigration levels plan targets the arrival of more than one million new permanent residents between 2022 and 2024, with an annual intake of over 430,000 newcomers. With over 100 economic-class programs, Indians looking to make the move have multiple pathways to choose.
Express Entry is Canada’s most popular immigration pathway. It is an online system, which manages applications for three programs which are the Canadian Experience Class, the Federal Skilled Worker Program, and the Federal Skilled Trades Program
Canada’s Provincial Nominee Programs also allow participating provinces and territories to select a set number of economic immigrants each year and nominate them for permanent residence.
(Vinayak)
