K'taka choice of returning NRIs, mining, scams has no effect

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New Delhi, Nov 1: Atleast 3,00,000 Indian engineering professionals who are abroad are expected to come back home in the period from 2011-2015, according to a survey by Kelly Services India.

"An estimated 3,00,000 Indian professionals working overseas are expected to return between 2011-2015... for majority of reverse migrants, job satisfaction levels in India will outshine their previous overseas jobs within the next 2-3 years," said Kelly Services India in a report released on Oct 31.

The results are based from a survey of 1,000 respondents from different parts of foreign countries and India.

"Though 48 per cent of respondents who favoured the job satisfaction overseas indicated that the key reason for them was high remuneration, they also indicated that growth opportunities abroad are rather bleak with only 10 per cent respondents feeling that opportunities abroad are favourable," said the report.

It is estimated that India received about $55 billion remissions from abroad in the year 2010.

"The sustained growth of India and the resilience India showed during the slow down also has added dynamic transition and movement back to India," said Kamal Karanth, Kelly Services India, Managing Director.

The survey revealed that one of the main reasons for NRI migrating back to the country during the year 2008-2011 were insecure job prospects abroad.

"Karnataka is the most preferred Indian state to live for reverse migrants at 88 per cent followed by Gujarat, Maharashtra, Kerala, Andhra Pradesh, Delhi and Punjab at 72 per cent, 66 per cent, 65 per cent, 58 per cent, 55 per cent and 48 per cent, respectively," said Kelly Services India.

Karanth also said that with the government spending large amounts of capital on living amenities and infrastructure, large number of NRIs are planning for a homecoming.

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