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Child Education

Children education is an important financial goal for Indians
Inflation may be down but a major expense of the average Indian household is growing at a fast clip.
The cost of higher education is already high and rising at 10-12% a year. Childrens education is one of the biggest cash outflows that families must plan for. A four-year engineering course costs roughly `6 lakh right now.In six years, the cost is likely to touch `12 lakh. By 2027, it would cost `24 lakh to get an engineering degree. Lifestyle inflation, too, has affected the cost of childrens education.
The question worrying Indian parents is: will they be able to fund their childrens higher education? They can, if they plan ahead and take the right steps.

January 2015
Delhi -India