The charm of fetching a job overseas is waning in India as political uncertainty abroad has spurred highly skilled Indian talent to stay at home to look for employment, says a survey.
As per a recent data released today by global job site Indeed, there has been a 38 per cent decrease in Indians looking to move to the US and 42 per cent decrease in Indians eyeing for the UK in the last year.
The report noted that the prospect of Brexit is likely to have deterred Indian job seekers looking for an opportunity in the UK as countries such as Germany and Ireland have seen an increase in Indians actively looking for jobs.
Germany has seen a 10 per cent increase in Indians looking for jobs while Ireland has seen a 20 per cent increase for the same period.
The decrease in the number of Indians looking to move abroad also extends to the Gulf, as evidenced by the 21 per cent decrease in searches to the UAE.
"The steadily growing Indian economy and political uncertainty abroad has persuaded highly skilled Indian talent to stay at home to find jobs and this in turn has fostered a thriving start-up scene," said Sashi Kumar, Managing Director, Indeed India.
Meanwhile, job search to India has seen an uptick with a 25 per cent rise in people from the UK. The trend is even more pronounced for the Asia Pacific region, with a 170 per cent increase in interest in moving to India.
"This growing popularity of India as an employment destination is further bolstered by government initiatives such as 'Make in India', which offers ease of doing business in India," Kumar added.
Despite the declining figures, the US still tops the list of countries that Indians would like to migrate to, with 49 per cent of Indians willing to explore job opportunities there.
The other countries where Indians look to work include the UAE (16 per cent), Canada (9 per cent), Great Britain (5 per cent), Singapore (4 per cent), Australia (3 per cent), Qatar (2 per cent), South Africa (1 per cent) and Bahrain (1 per cent), the report said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
01:39 PM IST