India a Land of Opportunities
Are you looking for a job abroad? Have you wanted to move overseas for a long time? Even if you're tempted to explore the grass on the other side of the fence, think twice before seeking work opportunities abroad.
India registered a rapid growth of 9.7 per cent last year and has bounced back strongly post recession. Apart from jobs in various sectors, it has led to emerging opportunities for entrepreneurs.
At the same time, the rest of the world is still facing economic lows. Is it then the right time to move abroad for a job? With recessionary fears looming over numerous economies, many experts believe it is not. How do prospects in India compare as against those abroad?
Ravi Ramakrishnan, director, TMI Network, gives an overview, "European opportunities are completely wiped out post recession, with most countries erecting strong barriers to entry for overseas talent. With nil growth or negative growth in most economies, a number of which are also close to collapse, who would opt to go there? Except for MNCs which transfer Indian managers or staff overseas, there are not too many viable opportunities in Europe. If you consider the US, earlier on, jobs were largely available in manufacturing, which is in the doldrums now. Even the middle-east is not as interesting any more as it was earlier. The social and political turmoil has made it less attractive."
Based on an overall comparison of jobs abroad with those in India, which one is better, given the timing and the current global job market?
T Sreedhar, MD, TMI Network, says, "With GDP growing at over 8 per cent, India has a big enough domestic market that is somewhat decoupled from the world and can handle global slowdowns. The best option for Indian professionals aspiring for global exposure is to work with an Indian company that has international operations or to work for an MNC which periodically moves employees overseas."
Then there are those who see a balanced global equation. "It's all about seeking an
India registered a rapid growth of 9.7 per cent last year and has bounced back strongly post recession. Apart from jobs in various sectors, it has led to emerging opportunities for entrepreneurs.
At the same time, the rest of the world is still facing economic lows. Is it then the right time to move abroad for a job? With recessionary fears looming over numerous economies, many experts believe it is not. How do prospects in India compare as against those abroad?
Ravi Ramakrishnan, director, TMI Network, gives an overview, "European opportunities are completely wiped out post recession, with most countries erecting strong barriers to entry for overseas talent. With nil growth or negative growth in most economies, a number of which are also close to collapse, who would opt to go there? Except for MNCs which transfer Indian managers or staff overseas, there are not too many viable opportunities in Europe. If you consider the US, earlier on, jobs were largely available in manufacturing, which is in the doldrums now. Even the middle-east is not as interesting any more as it was earlier. The social and political turmoil has made it less attractive."
Based on an overall comparison of jobs abroad with those in India, which one is better, given the timing and the current global job market?
T Sreedhar, MD, TMI Network, says, "With GDP growing at over 8 per cent, India has a big enough domestic market that is somewhat decoupled from the world and can handle global slowdowns. The best option for Indian professionals aspiring for global exposure is to work with an Indian company that has international operations or to work for an MNC which periodically moves employees overseas."
Then there are those who see a balanced global equation. "It's all about seeking an