Is the budget of fifty lakhs INR for education only or does it include living expenses as well in Germany for a Master's?

A budget of ₹50 lakh is more than enough to cover both tuition fees and living expenses for studying in Germany.

Most public universities in Germany do not charge tuition fees. Instead, you pay a semester contribution of about €150 - €350 per semester, which covers administrative costs and often includes a public transport pass.

For living expenses, the German government requires proof of about €11,904/year (around ₹10.7 lakh/year). Over two years, the total estimated cost - including semester contributions and living expenses - would be approximately ₹23.4 - ₹28.4 lakh.

Your ₹50 lakh budget is more than sufficient for all expenses related to a two-year Master's program in Germany.