In this highly competitive world, education is highly prioritised by parents. An average urban Indian spends Rs 12,348 a year on education, while a rural Indian spends around Rs 3,537 a year. In comparison, Hong Kong residents shell out $132,161 (Rs 86 lakh) on their children's school or university tuition fees, books, transport and accommodation - the highest in the world. The world average is about $44,221 (Rs 29 lakh).