Indian parents spend Rs 12.25 lakh on children’s education, Hong Kong leads with Rs 85.67 lakh

In a fiercely competitive job market today, education is highly prioritised by parents, with Hong Kong residents shelling out $132,161 (Rs 86 lakh) on their children’s school or university tuition fees, books, transport and accommodation – the highest in the world. Indians, meanwhile, are spending $18,909 ( Rs 12.25 lakh) while the world average spending on children from primary school to university undergraduate levels is about $44,221 (Rs 29 lakh), says an HSBC report: Higher and higher, The Value of Education series. About 89% Indians fund their children’s education, 79%…

Read More

Parents are underestimating their children’s ability to learn language, claims report

Too many parents are underestimating their children’s ability to learn language, according to a report. A poll of parents by charity Save the Children revealed nearly half of those polled (47 per cent) had low expectations of their children’s ability to learn  reckoning they would know 100 words by their third birthday – just half the number recommended by the Government. As a result, the children struggle to learn when they start school and could be behind in class throughout their school years. Figures show there are 130,000 children struggling…

Read More