Press Trust of India
New Delhi: Amid
uncertain job market conditions overseas, as many as 3,00,000 Indian
engineering professionals are expected to return home during the
five-year period from 2011-15, says a survey.
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.
"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.
Karanth
noted that with the government spending large amounts of capital on
infrastructure and living amenities, an increasing number of happy,
contented and excited Indians are eager to relocate back.
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