Before making a move to a country, there is a list of things worth considering for everyone. Priority lists may differ from person to person. There are a few things that make India lavish for a move.
From India’s emerging nature of its economy to India’s exposure in the field of Information technology, India has been a great destination for Indian expats, Investors, and many more in other fields.
This guide, being diverse in nature, would disclose all the secrets to why you should be making a move to India or why not. So, let’s get started.
Opportunities if you plan to move to India
India comes with a lot of opportunities to attract foreigners from all over the world. Being more generic to discuss opportunities, you will end up deciding either India could be a great option to relocate or not.
India’s emerging nature of Market
When it comes to India, the emerging nature of its market is the very reason why foreigners are moving toward India. Among the world’s largest economies, India stands 5th with more than $2.5 trillion of its GDP.
Though the GDP per capita is low in India, it’s still an investment-intensive market for investors. The emerging nature and rapidly improving ease of doing business Index in India declares it a good market for investors. A lot of US foreigners happen to be running their offshore setups in India.
India- an emerging market for IT talent
In terms of its quality of education, India rapidly improved on the index. When it’s about IT talent, mega businesses like Google, Microsoft, and many other companies in the field of IT tend to be running their recruitment drives in India.
More than 100 global unicorns have their offshore setups in India as well. India, as an emerging pool of IT talent, stands out to be one of the biggest attractions today, appealing the foreigners to move to India.
Lower cost of living
The lower living cost has been the very reason for people to move to India. As per the report, thousands of Indian expats living in the USA are relocating to India every year.
Reports tell that it is just because of the high living cost there in the USA. Statistics regarding shipping and moving to India from the USA have reportedly been regarded as proof that living standards are gradually improving while the cost of living is intact. The cost of living didn’t get a spike in India.
Lower Labor Cost in India
Apart from this edgier cost of living in India, the low cost of labor in India has also attracted big companies to make moves toward India. When it comes to India, hiring offshore talent has been more common in the past decade. Foreign investors are also taking interest in establishing their manufacturing setups in India due to the lower cost of labor.
India- A tourist destination
India is being regarded as a tourist destination as well. According to Statist, India is the destination of more than 17 million foreigners moving towards India every year. Out of this, 5-10% of foreigners come for the core purpose of tourism every year.
The tourism Industry of India was estimated to touch around $120 billion. That’s the thing that could actually depict the real value of tourism in India.
Challenges Moving to India
Before having planned to move to India, you must be knowing the challenges that you may face in India.
Like many other south Asian countries, red-tapism is one of the challenges that you may face in India. Though India is gradually shifting towards the e-government sort of things to run the state operations, it still lags to compete with the world.
Still relying upon the conventional model of government in India, you will have to face the issue of red-tapism. So, be prepared for that if you have planned to move to India.
You may have to face a language barrier if you have planned to move to India. For tourists, language has ever been a barrier in India. Anyhow, jobseekers and investors can easily cope with the challenges as the educated class is well aware of the English language.
It has been tried to make the guide more inclusive and approachable for everyone who comes with a question regarding moving to India. Hope this guide would have made better sense to optimize your decision for the upcoming move to India.