78% of Wealthy Indians Opt for Overseas Education Despite Financial Strain, Says Survey

A survey by HSBC reveals that over 78% of wealthy Indians plan to send their children overseas for education, with the United States being the top destination. Despite the high cost of USD 62,364 annually, parents are willing to face financial strain, often sacrificing retirement savings, taking loans, or selling assets. The primary motivations are quality education and specialization opportunities, while financial concerns remain the biggest worry for parents.