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New Delhi:
With declining wages abroad, an increasing number of non-resident
Indian IT professionals are moving back to their home country,
says a survey.
IT and IT-enabled firms in India hired 28 percent more
non-resident Indian (NRI) professionals in the first quarter of
2011-12, according to the survey conduced by recruitment
consulting firm MyHiringClub.com.
Among 11 surveyed industries, IT and IT-enabled services
registered highest growth, with 28 percent increase year-on-year
in the first quarter of the current fiscal. It is followed by
pharma and healthcare, up by 20 percent, automobile and
manufacturing, up by 18 percent, telecom, up by 14 percent,
banking and financial services, up by 10 percent and FMCG, up by
six percent.
"The high economic growth in India with many good opportunities
has fuelled the NRI thought process to head back. In addition to
that, many US companies are opening their offices in India and
hiring more to target the growing market in Asia," Rajesh Kumar,
CEO of MyHiringClub.com, said in the survey report.
He said an increasing number of high value NRI professional
recruitment is likely to take place in the coming years as wage
gaps have declined sharply.
"Increasing number of people are now returning because now the
advantages of returning back to India outweigh the disadvantages
by far," said Kumar.
The highest number of NRIs who returned home found jobs in
Bangalore, followed by Mumbai, Delhi and Hyderabad.
The NRI professional hiring trend survey was conducted online
between July 1-15. Senior human resource professionals and top
management of 237 firms and 690 recruitment consultants
participated in the survey.
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