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 today.
The findings are based on a survey of 1,000 respondents from different parts of India as well as foreign countries.
"... the most critical driver of reverse migration trends will be job satisfaction levels.
"Though 48 percent 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 percent respondents feeling that opportunities abroad are favourable," the report said.
India is estimated to have received USD 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 percent followed by Gujarat, Maharashtra, Kerala, Andhra Pradesh, Delhi & Punjab at 72 per cent, 66 percent, 65 percent, 58 percent, 55 percent and 48 percent, 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.