Expats Head To India

With the Eurozone and US facing increasing economic problems, Expats are increasingly heading to India for work

London, UK (Pryce Warner International) November 29th, 2011 – Recruiters in India have reported a 20% increase in the amount of foreigners seeking work, with the principal reason being the poor employment prospects in the US and Europe.

At present there are roughly 40 000 foreign workers in India but this figure is increasing exponentially. New arrivals are mainly joining the Indian banking, financial, car and pharmaceutical sectors.

Despite having one of the largest populations in the world, in these sectors there is a notable skill gap among locals. This is leading more and more headhunters trying to hire foreign workers in order to make up the shortfall and help train local workers.

The speed at which the economy is growing - the second fastest in the world – also means that highly skilled Expats are becoming more and more vital in lending their experience towards ensuring the long term stability of that growth.

One particular area in which foreign workers are in particular demand is the nuclear power sector, as many companies are looking towards nuclear power as a way of fuelling the countries rapidly increasing energy demands.

This increasing demand for foreign workers is also extending to young people. Previously, it was mainly senior and mid level positions that were being filled by Expats but now many young Americans and Europeans are looking to gain experience in India. Recent trends of high youth unemployment have notably helped to fuel this trend according to Indian recruiters.

Some have suggested that the current increase is just a momentary blip, Ratnesh Kumar, manager for International Practice at Delhi-based Elixir consulting, commented: “The trend of Expats coming to India is only a phase…many are relocating temporarily to India until a more permanent and suitable opportunity comes their way.”

Recruiters have also noted that Expats tend to have a 10% fall-off rate each year. This is reportedly due to language and cultural barriers.

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By Aneil Fatania
Financial Editor
Pryce Warner International Group
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