New Delhi, May 28 -- For Indian parents, sending their children abroad for higher education is increasingly becoming an emotional decision with massive financial consequences.

To put things in perspective, the cost of foreign education today - roughly Rs.2.5 crore - is comparable to buying a decent apartment in cities like Bengaluru or Hyderabad. And if current trends continue, the same course could cost nearly Rs.5 crore by 2036 due to rupee depreciation and rising global tuition fees.

"Today, a full foreign education in a Western country can easily cost around $250,000 - or nearly Rs.2.5 crore. And despite this staggering number, nearly 90% of Indian parents surveyed by HSBC said they still want to send their children overseas for hig...