Business students have already moved to campuses in Australia, but there are signs some universities are turning to India.
In the past, Australian business schools struggled to attract Indian students and they are now in a stronger position to do so, according to research by the Business Council of Australia.
A key factor is that many of the best business schools in the country are located in urban areas.
“In some instances, these are university campuses with a strong focus on local learning and local businesses,” Mr Vaidyanathan said.
According to the research, there are about 6,000 students enrolled at the business school in India.
“It’s not that the schools have any issues attracting students from the country, it’s just the fact they are in areas with a high concentration of business and international students, which can be quite competitive,” Mr Rangarajan said.
In addition to attracting students, the Indian government has been supporting business schools to expand and develop their programs.
It has allocated nearly $200 million for business schools over the past decade, Mr Ranganathan said, with $25 million being allocated to the Mahavir Commerce Academy.
In its annual report for the year ending June 2018, the ministry of education and training said Indian universities had been recognised for outstanding academic achievements.
The academy in the capital, Mumbai, was named one of the world’s best in business by the American Business magazine.
And, Mr Vahid said, the new wave is bringing in business students from all over India.
“The number of Indian students coming to Australia is increasing, and it’s probably the fastest growth of any country,” he said.
The students are also coming to school on an accelerated basis, with many of them studying for a diploma in a year.
For those studying for the diploma, there is a shortage of places in Australian universities, said Mr Raghavan.
“[The business schools] are not necessarily providing the best education in terms of the skills that you need to be successful in business, so there’s a need for a more comprehensive business education,” he added.
There are about 700 business schools across Australia, mostly in the north-west of the country.
But Mr Raminathan said there are other reasons for the increase in Indian students.
Mr Rangavans point of view is that they are learning from their own experiences and the culture of their community.
“It’s the way the students are going, the way they are thinking, and they’re just coming to learn, to learn and to do the right thing, to do something different,” he explained.
Business schools have also been taking note of a rise in students studying in Australian overseas destinations.
While they are generally not taking the same courses, there have been some changes in the way courses are offered.
Students are now required to spend more time in India, which has been a significant driver of enrolments, according Mr Rangaivas.
Indian students are starting to focus on studying business in English rather than English as a second language.
Some business schools are also adopting the “Indian student” label, which indicates students are studying as a minority in a particular country, as opposed to being from a specific region of India.