If you analyze closely, you would notice that a huge majority of non-resident Indians (NRIs) come from either the Middle Eastern countries such as the UAE, Saudi Arabia, Qatar etc. or Western countries such as the USA, UK, Canada and Australia. These NRIs are often IT professionals or businessmen.
The majority of NRIs living in English-speaking countries are likely to grow while other countries follow suit. Here’s the reason for the same.
The primary reason for allowing foreign workers in various countries is demographic projections. The change in the country’s population projection by age, occupation could be other parameters. It may not have something to do with the population size but expected shortages of the critical workforce in several vocations or trades. The government needs to balance the projected population and deficit in specific occupations. If done, this will fuel the economy, supporting the country’s taxation dynamics. Countries that have an increasingly aging population require more social security support. What makes it worse for them is the decreased fertility and increased migration of youth to other countries in the same region. One such example is the EU where citizens of member countries have work permits without any restrictions. These are not beneficial for the nations because each country needs a higher percentage of its population in the taxpaying bracket to keep its budget on track.
And there are destinations where businessmen or future generations of Indians may be added as they are hard-working and adaptable to local culture. Moreover, Indians hardly challenge the status quo of citizens and residents.
Hence, the future NRIs may come from countries like Japan, Germany, Russia, France, Italy, Greece, Sweden, Finland and Iceland as these are new attractive destinations. Most of the above-mentioned countries offer long-term residency options as well. Additionally, they also offer citizenship to candidates who are open to learning local languages. Many Indians aged between 25 years and 40 years are prone to get jobs, relocate and settle in these new attractive destinations.
It is expected of the Indian youths to follow this trend in the next two to three decades.
