Australia’s net migration drops by 16% to 4.46 lakh; arrivals decline by 10% to 6.67 lakh

The number of people migrating to Australia fell for the first time since the country lifted its Covid-era border restrictions in early 2022. This fall was led by a drop in international student arrivals, according to data recently released by the Australian Bureau of Statistics (ABS).

Net overseas migration fell to 4.46 lakh during the year ended June 30, 2024 – a drop of nearly 17% from the previous year’s figure of 5.36 lakh. The data set explains that net overseas migration is the net gain or loss of population through international migration to and from Australia.

Historically, each year more people migrate to Australia than migrate away from the country. This trend temporarily reversed in 2020 and 2021 owing to pandemic related border closures. Fiscal year (FY) 2023-24 represents the first annual decrease in net overseas migration since the border restrictions were lifted. This lower level was led by a decrease in migrant arrivals, largely temporary visa holders, while departures increased during the same period.

In terms of migrant arrivals, Indians continued to lead, but in declining numbers. During the year ended June 30, 2024, 87,600 Indians arrived in Australia, a drop of nearly 19% from the previous year’s arrival figure of 1.08 lakh. The net migration statistic for India (arrivals minus departure) for FY 2023-24 was 72,360, as compared to 94,840 in the previous year.

Courtesy: MSN.Com

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