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Reverse immigration: Why NRIs are returning back to India

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By Newsgram Staff Writer

With the strengthening of Indian economy, reverse immigration of Non Residents Indians (NRI) has seen a huge rise in the past few months. Foreign banks in particular are witness to this reversal of brain drain.

Globally, a total number of 21909875 NRIs work in developed economies according to the records (as on May 2012) of Ministry of Overseas Affairs.

With economic growth stalling in the West, leading to slower career growth opportunities, India is a market which appears to be more dynamic, offering better job prospects to NRIs. What’s assisting the process is a change in the standard of living in India and its education system.

Union minister of science and technology, Dr Harsh Vardhan, addressing the 13th Pravasi Bhartiya in January this year asked the vast diaspora engaged in cutting-edge research and innovation to return and contribute for India’s progress.

Until 18th century, India’s GDP was the fastest growing in the world.

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Why are Indian immigrants abroad returning to India?

With the upward growth in Indian economy, there has been a positive sentiment in hiring, either to cater to expansion, like in e-commerce and information technology, or in anticipation of growth, as with sectors such as infrastructure, telecom, banking and financial services.

Staffing firms such as TeamLease Services Pvt. Ltd, Randstad India Ltd, Antal International Network, Manpower India Services Ltd and Kelly Services India saw a surge in the number of middle managers hired during the second quarter, with more than a 25% increase in the number of people placed, compared with a year ago. And companies are offering salary hikes of 20-25% over last year’s average of 15%.

Actually, NRIs are in demand as they have gained experience in developed market  and employers value the international experience.

According to Statistic Canada, one third of all male immigrants who were between ages 25 to 45 when they immigrated to Canada had left within 20 years of their arrival. Furthermore, 6 out of 10 of those who leave, do so within the first year of arrival.

When asked the reason of coming back to India this writer was told by a NRI, who did not want to be named, “I would rather live like a first class citizen in a third class country than to live like a third class citizen in a first class country.”

 

 

 

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Canada Legalizes Recreational Cannabis

Canadian Prime Minister Justin Trudeau began the push to legalize marijuana across the country more than two years ago

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Marijuana, Canada
Different strains of marijuana are displayed for sale at the Warmland Centre, a medical marijuana dispensary in Mill Bay, British Columbia on Vancouver Island in Canada. VOA

A new era begins in Canada Wednesday when it becomes only the second country to legalize recreational marijuana.

Although medicinal pot has been legal since 2001, Canada will join Uruguay as the only nation where customers can buy it in retail shops.

Marijuana, Canada
An employee inspects the leaf of a cannabis plant at a medical marijuana plantation in northern Israel. (VOA)

The first cannabis store opens at midnight Wednesday in Newfoundland, the country’s easternmost province.

Each of the 13 provinces will set its own rules for selling marijuana. Some will allow private shops while others will only sell it through government-run stores. But mail order sales will be permitted across all of Canada.

Only licensed growers can sell marijuana on the retail market.

Marijuana, Canada
In this July 12, 2018 file photo, a newly-transplanted cannabis cuttings grow in pots at a medical marijuana cultivation facility in Massachusetts. (VOA)

The federal minimum age for using marijuana is 18, but most provinces have set it at 19.

Also Read: New Marijuana Study Poses Question About Mind-Altering Breast Milk

Canadian Prime Minister Justin Trudeau began the push to legalize marijuana across the country more than two years ago, in part, to shut down the black market and prevent underage use. (VOA)