Amidst the ongoing war in Ukraine, Indian students are now turning to Georgia for MBBS studies. According to the data released under the Liberalized Remittance Scheme of the Reserve Bank of India, Indians have sent 50.25 million dollars for education in Georgia in 2024-25. This amount is almost 5 times more than the $10.33 million sent in 2018-19. In such a situation, let us tell you today why it is becoming the new choice of Indians for studying MBBS and why the trend is decreasing in countries like America and Canada along with Georgia and Ukraine.

Trend is moving away from Ukraine towards Georgia

Ukraine, which was once a favorite destination for Indian medical students, is now falling out of favor with the students. According to the latest RBI data, the amount sent to Ukraine was 14.18 million dollars in 2018-19, which has reduced to 2.40 million dollars in 2024-25. The amount sent to Russia was 69.94 million dollars, which was 200 percent more than in previous years. According to RBI, while 4,148 Indian students were studying in Georgia in 2019, this number will increase to 10,470 by 2023. The medical colleges here are famous for low fees and studies in English medium. The fees for MBBS course in Georgia also ranges between Rs 4,000 to Rs 7,500 annually. The total fee for a 6-year course is up to Rs 2,4000 in some universities, whereas in some universities this fee reaches around $45,000.
Why is Georgia’s popularity increasing?

Medical studies in Georgia are in English medium and the visa process here is also easy. Due to the country’s security, proximity to Europe and affordable fees, it has become a good option for Indian students. Many students are now continuing their studies in medical colleges of Georgia by taking direct transfer from Ukraine.

Indians’ interest in America and Canada is decreasing

According to the latest RBI data, there has been a 10 percent decline in the amount sent by Indian students to America in 2024-25. In Canada this decline was up to 43 percent, while in Australia a decline of 5 percent was recorded. There has been an increase of 12 percent in Britain and 70 percent in Germany, however, Georgia and Russia are emerging as the new choices of Indians in the medical education sector.

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Rom loan fraud: Industrialist Anil Ambani’s bankrupt company Reliance Communications has been described as a fraud by SBI. Giving information about this in a letter filed in the stock exchange, SBI said that RCom wrongly transferred the approved loan money to other companies. Due to which it has misused the invoices related to inter company transactions and sales.

Anil Ambani’s lawyer reply to SBI

Anil Ambani’s lawyer has written a letter to SBI, strongly opposing Reliance Communications for calling the loan account a fraud. The letter written on 2 July 2025 states that this move of SBI has also violated the guidelines of RBI and court directions.

In a information sent by Reliance Communications to the stock market on Wednesday, he said that SBI is classifying his loan account as fraud, citing alleged sending money to another place in a 2016 case. Anil Ambani’s lawyer said that SBI’s order to call RCom’s loan account a fraud is shocking and unilateral and also violates the principles of Natural Justice.

RBI guidelines violation

Anil Ambani’s lawyer said that the SBI order is a direct violation of the RBI guidelines with various decisions of the Supreme Court and the Mumbai High Court. In the letter, Anil Ambani’s lawyer further said that SBI has not responded to Ambani’s communication about the invalid of show cause notice for about a year. Along with this, the lawyer said that SBI has not even given an opportunity for personal hearing to Ambani to present arguments against his allegations. He said that Ambani is taking forward the matter as per legal advice.

It is worth noting that before SBI, Canara Bank had also argued the Lone Account of RCom as a fraud account. In this, he had sent the reason for sending loan money to connected parties and inter company transactions.

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Bank credit falls in metropolitan branches: Till now it was believed that due to different needs, people of cities are taking loans from banks. It was the perception that people take a loan and spend most of their earnings only on repaying their EMI. But, the recent report of RBI has come, it is completely opposite.

That is, there is now a big change in the loan amount given by the bank. The RBI report has revealed that during the last five years, the share of loans in metropolitan branches from different branches of the bank has come down from 63.5 percent to 58.7 percent, while bank loans have increased rapidly from village to semi urban and urban areas.

Decrease in bank loan in metros

According to the RBI report, the branches of the bank built inside the village and the town have performed much better in terms of loan. However, despite the decline in loans, bank branches in metros have increased by 11.7 percent as an annual deposit, while in rural, 10.1 percent and 8.9 percent in semi -urban, while urban centers have increased at the rate of 9.3 percent.

The growth rate of bank loan, which was 15.3 percent during the last five years, has come down to 11.1 percent of the range of financial year 2024-25. Apart from this, five years ago, where the deposit rate was 13 percent, it has now come down to 10.6 percent.

Decreased savings deposit share

Along with this, due to high interest rate on fixed deposits, where two years ago, the share was 33 percent, while it has come down to 30.8 percent a year ago and now it has come down to 29.1 percent.

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Rbi report on economy: The RBI has released its monthly report, saying that despite the uncertainty and tariff war in the global economy, the Indian economy is not only standing firmly but the pace of industrial and service sector in the month of April was faster. Citing the April 2025 forecast of the International Monetary Fund, the RBI said in its report that the Indian economy will grow at a high speed this year and be surpassing Japan to become the fourth economy in the world.

The report further states that the temporary ban on the US tariff amidst speed on the domestic front has given the market a chance to recover rapidly by mid -April. It was observed that the quarter results of some banking and financial sector companies from January to March after the Indian market fell badly due to Trump’s tariff in the beginning have changed the market stands from mid -April.

Many factor of growth

This report of RBI states that despite the global uncertainties due to policy changes, India’s trend remains positive. Also, the consumption of rural areas can be increased due to the rabi crop bumper yield and more than normal than the monsoon. The report also states that due to changing global trade and changes in industrial policies, India can work as a country among these countries, especially technology, digital services and pharmaceuticals.

The RBI said in the report that later, even though many serious challenges are seen, India is in a good position to face the current global adverse conditions with confidence. He is ready to take advantage of emerging opportunities and strengthen his role as a major motivator of global growth.

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