November 1st, 2011
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3 lakh Indian engineers to come back home

IT professional Bangalore: 3 lakh Indian engineer’s will return home during the five-year period from 2011-15, says a survey. Even as the uncertainty in the job market overseas increases, the Indian engineers who went abroad in search of greener pastures will return back home in search of stability. As per the survey almost 90 percent felt that growth opportunities abroad were bleak and grim.

“Karnataka is the most preferred Indian state to live for reverse migrants at 88 per cent followed by Gujarat, Maharashtra, Kerala, Andhra Pradesh, Delhi and Punjab at 72 per cent, 66 per cent, 65 per cent, 58 per cent, 55 per cent and 48 per cent, respectively,” Kelly Services India said.

Global workforce solutions provider Kelly Services India has said that more Indians working abroad would migrate back to India within the next five years, lured by promising opportunities in the country.”An estimated 3,00,000 Indian professionals working overseas are expected to return between 2011-2015… for majority of reverse migrants, job satisfaction levels in India will outshine their previous overseas jobs within the next 2-3 years,” Kelly Services India said in a report released on Monday.

The findings are based on a survey of 1,000 respondents from different parts of India as well as foreign countries.

“Though 48 per cent of respondents who favoured the job satisfaction overseas indicated that the key reason for them was high remuneration, they also indicated that growth opportunities abroad are rather bleak with only 10 per cent respondents feeling that opportunities abroad are favourable,” the report said.

India is estimated to have received $ 55 billion remittances from overseas last year. Going by estimates, the population of international migrants stood at around 214 million in 2010.”The sustained growth of India and the resilience India showed during the slow down also has added dynamic transition and movement back to India,” Kelly Services India Managing Director Kamal Karanth said.

As per the survey, one of the key reasons for reverse migration during 2008-2011 period were insecure job market overseas.

 

 



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