https://sputniknews.in/20240501/notable-drop-in-indians-seeking-opportunities-overseas-report-7266500.html
Notable Drop in Indians Seeking Opportunities Overseas: Report
Notable Drop in Indians Seeking Opportunities Overseas: Report
Sputnik India
A recent survey highlights that the main driving forces behind individuals relocating to foreign countries centre on professional growth. Specifically, 64% of... 01.05.2024, Sputnik India
2024-05-01T20:25+0530
2024-05-01T20:25+0530
2024-05-01T20:25+0530
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There was a notable decrease in the number of Indians seeking opportunities abroad in 2023, according to a new study by the global consulting firm BCG (Boston Consulting Group), which revealed that the willingness of Indians to work overseas dropped from 78% in 2020 to 54% in 2023.Titled "International Mobility Trends", the study also indicated that India's standing as a preferred destination has risen by six points over the past five years.Although Bengaluru and Delhi remain popular choices for those seeking employment within India, their overall global ranking has declined.Interestingly, Ahmedabad made its debut in the top 100 global cities for the first time since the inception of the report in 2018.Job quality emerges as the most decisive factor, with 65% of respondents prioritising it when choosing a country for employment, while quality of life and climate rank second.Although factors like opportunities for citizenship and healthcare also play a role, they are considered secondary by respondents.However, despite this global trend, the survey reveals that 59% of Indian respondents are unwilling to relocate due to a strong emotional attachment to their homeland, significantly higher than the global average of 33%.India also leads in terms of annual migration, with approximately 2.5 million Indians migrating overseas each year, making it the world's highest annual migrant population.
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indians seeking, abroad, bcg (boston consulting group), indians to work overseas, 'international mobility trends, bengaluru, delhi, india, global cities, financial and economic factors, life and climate, healthcare, indian respondents, homeland, ministry of external affairs, non-resident indians (nris), persons of indian origin (pios), and overseas citizens of india (ocis), migration, indians migrating overseas
indians seeking, abroad, bcg (boston consulting group), indians to work overseas, 'international mobility trends, bengaluru, delhi, india, global cities, financial and economic factors, life and climate, healthcare, indian respondents, homeland, ministry of external affairs, non-resident indians (nris), persons of indian origin (pios), and overseas citizens of india (ocis), migration, indians migrating overseas
Notable Drop in Indians Seeking Opportunities Overseas: Report
A recent survey highlights that the main driving forces behind individuals relocating to foreign countries centre on professional growth. Specifically, 64% of respondents cite financial and economic considerations, while 56% prioritise career opportunities, such as acquiring valuable work experience.
There was a notable decrease in the number of Indians seeking opportunities abroad in 2023, according to a new study by the global consulting firm BCG (Boston Consulting Group), which revealed that the willingness of Indians to work overseas dropped from 78% in 2020 to 54% in 2023.
Titled "International Mobility Trends", the study also indicated that India's standing as a preferred destination has risen by six points over the past five years.
Although Bengaluru and Delhi remain popular choices for those seeking employment within India, their overall global ranking has declined.
Interestingly, Ahmedabad made its debut in the top 100 global cities for the first time since the inception of the report in 2018.
The survey underscores that the primary motivations for individuals moving abroad are professional advancement, with 64% citing financial and economic factors, and 56% emphasising career prospects such as gaining work experience.
Job quality emerges as the most decisive factor, with 65% of respondents prioritising it when choosing a country for employment, while quality of life and climate rank second.
Although factors like opportunities for
citizenship and healthcare also play a role, they are considered secondary by respondents.
Based on responses from 1.5 lakh individuals across 188 countries, the survey indicates that despite the widespread aspiration to work abroad, 23% actively seek jobs in other countries, and 63% express a general willingness to do so.
However, despite this global trend, the survey reveals that 59% of Indian respondents are unwilling to relocate due to a strong emotional attachment to their homeland, significantly higher than the global average of 33%.
India remains a significant contributor to the global workforce, with data from the Ministry of External Affairs indicating a substantial presence of Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) around the world.
India also leads in terms of annual migration, with approximately 2.5 million Indians migrating overseas each year, making it the
world's highest annual migrant population.
