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    Insecure job market overseas makes Indian professionals return home

    Synopsis

    Besides job insecurities, 34% of reverse migrants felt that future opportunities in India were a key factor influencing decisions.

    MUMBAI: Everyone in India and abroad is talking about the India story. India’s increasing stature as an economic super power has companies in the West looking at our country for commercial opportunities. The same is also true of individuals. Indians who through 80s – 2000s were migrating to Western and Gulf countries are now coming back to India, according to staffing company Kelly Services.

    In a report titled ‘Reverse Migration of Engineering Professionals Into India’, Kelly Services say that an estimated 300,000 Indian professionals working overseas are expected to return between 2011- 2015. Cement, automobiles, oil & gas, alternate energy and construction are the main industries attracting reverse migrants.

    Migration over the years has happened for a number of reasons. Indians looked West to UK & US mainly for studies, while Gulf was the cash cow providing plenty of oil jobs. USA nevertheless ranks as the No. 1 country in 2010 as the destination of choice for Indian migrants, with a whopping 45 million foreign born nationals. While many migrated abroad primarily to support their families back home, its no wonder then India is ranked No.1 country in remittances as high as $50 billion in 2010.

    Reverse migration is not a new phenomenon but the reason it is happening today is different from reasons 20 years back. Growth and employment opportunities available in the Indian sub-continent are the main reasons today. Pre 1980 reverse migration was as less as 5% with many coming back to native place — the main reason given by 57% migrants.

    Between 2008 – 2011 reverse migration went up by 38% and 58% cite insecure job market overseas as the top reason for their return. Karnataka, Gujarat and Maharashtra are the Top 3 favourite states for people to come back and settle down.

    The financial crisis of 2008 and a growing Indian economy gave a boost to the migratory trends towards India. Apart from sectors like cement, construction, sugar, etc which saw increase in manpower requirement, Knowledge Process Outsourcing (KPO) companies has been a major employer.

    Many large global consulting firms have also opened their research centres in India. Indian KPOs account for almost 70% of global KPO volumes, and the global KPO market is expected to grow to USD 17 billion by 2013-14.

    Besides job insecurities, 34% of the reverse migrants in the 2008 - 2011 period felt that future opportunities in India were a key factor influencing their decisions and 60% that there was no significant difference between working overseas as compared to India.

    A stable economy conducive for development is essential for the growth of any country and India looks to be at the right spot currently.

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    4 Comments on this Story

    Cynthia3268 days ago
    meeta must take facts into account, and it is not only Brahmins who have a monopoly on innovations. In fact the greatest innovators in our society are farmers, metal and wood workers, medical practitioners and weavers who had the world's greatest technologies of thier time. The technical innovations of Tippu Sultan were the best in the world when he was in power. The designers of the most notable historical buildings (Taj Mahal, temple architecture all over India, and the most influential philosophers and thought leaders Mahavira, Buddha, Tiruvalluvar, Basaveshwara, Kabir, etc were not Brahmins. Please do not term non-Brahmins as ignorant and non-performing, as a rule they abandon Indian shores after getting subsidised government technical and higher education to enrich themselves and their foreign paymasters with little return to their "motherland". And while reserving comment on the virtues and practices of industry leaders Tata, Premji, Ambanis, one admits that they are atleast some way effective in anticipating demand and supply of products and services and innovating to meet them. That takes foresight.
    HonestOne3271 days ago
    US has its own share of problems. Its infact in a much more difficult position than many other developed countries. They have a huge debt and the unemployment problem keeps on increasing. The dollar is depreciating faster than what it did in the last decades. Might that US economy might collapse in the near future.. Might be!! Could be in a couple of years. Wait and Watch , when US will be history as today Rome and Babylon are.
    pm3272 days ago
    India does not attract people in oil and gas sector. India neither has adequate technology nor the natural resources to attract professionals in 'Reverse migration' sense in this sector.
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