Skip to content
Search

Latest Stories

Better career prospects, sense of fulfilment attract expats to India: Survey  

INDIA has emerged as a popular destination for expats as working in the country boosts their careers and provides enhanced salary and sense of fulfilment, an HSBC survey said.

The survey was conducted on 18,059 expats from 163 markets.


Around 48 per cent of overseas professionals noticed the benefits of working in India, having achieved a greater sense of fulfilment after relocating, as compared to the global average of 42 per cent.

Over 29 per cent of international professionals said they have been promoted more rapidly as a result of relocating to India. Around 58 per cent also believe India provides a good place to pick up new work-related skills.

International professionals said their gross annual personal income rose by around 24 per cent since relocating to India.

Interestingly, 32 per cent of those who moved to India said they are earning $100,000 or more per year, far above the global average of 18 per cent.

Also, 49 per cent respondents said they have more disposable income in India than their home country, largely owing to the lower cost of living in India as compared to their home countries.

The survey also revealed that more experienced Indian professionals are moving abroad, for career progression, mainly in the fields of financial services (24 per cent), health (11 per cent), engineering/ design and architecture (11 per cent).

The UK, the UAE and the US remain popular destinations for Indian expats and top reasons for the move include a boost in career, improved quality of life and improved earnings.

HSBC India Head of Retail Banking and Wealth Management Ramakrishnan S said: "Our study shows that more professionals are choosing to work abroad, helping them achieve their ambitions and long-term financial goals, from improving their job prospects and access to better education for their children to buying a property or saving more for retirement,"

Ramakrishnan further said "this year's survey reveals that better career prospects and a higher sense of fulfilment is attracting expats to India. At the same time, there is a large NRI diaspora of about 30 million Indians living outside India".

The survey, 12th Annual League Table of Best Places to Live and Work, was completed by 18,059 expats from 163 markets through an online questionnaire in February and March 2019, conducted by YouGov and commissioned by HSBC Expat.

(PTI)

More For You

JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less