In the future, NRIs may come from these countries

In the future, NRIs may come from these countries
Currently, most expatriate Indians outside India come from the Middle East or the English – speaking Western world. The first is mainly operating in countries such as the United Arab Emirates, Saudi Arabia and Qatar. They are (mostly) permanently established or employed in the USA, Canada, Great Britain, Australia, New Zealand and Ireland. It also has a limited presence in the member states of the European Union. This includes IT professionals working in contracts, business owners and executives run by other Indian-owned companies.

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While the preference for English-speaking countries remains, there may be surprises when other countries begin to catch up.

The main reason for allowing foreign workers and migrants into their own countries is contrary to demographic expectations. Combining age, occupation, and other criteria over the coming decades – the latter provides information on changes in a country’s population forecast. Sometimes it is not because of the size of the population, but because of the lack of critical workforce in some occupations – jobs or crafts. Both should be planned to fill the population and labor deficits estimated by the present government. This needs to be done to run the engines of the economy and to support the tax dynamics of the country. An aging population needs more social security support. In addition, there is progress in science and medicine, and thus an average life expectancy. To make matters worse in these countries, fertility is declining and youth migration to other countries in the same region is on the rise. The European Union is a prime example of how citizens of member states can operate without restrictions. This does not help, because each country needs a high percentage of its population in its group of taxpayers to bear its budgetary expenses.

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The dynamics of the destinations are there, where workers, entrepreneurs and future generations of Indians will join them. Indians have always been at the forefront of following this trend. They are undisputed, hardworking and adaptable to the local culture. Indians do not question the status of residents and citizens.

Japan, Russia, Germany, France, Italy, Portugal, Greece, South Korea, the Baltic states (Lithuania, Latvia, Estonia), the Scandinavian countries of Denmark, Norway, Sweden, Finland and Iceland are all attractive new settlements.

The challenge will be the language compared to the English-speaking Western world. Most of these countries offer long-term citizenship options to candidates who are willing to study the national language (s). Many young Indians – aged 25-40 – are likely to move to these emerging destinations to find work and settle down. Learning foreign languages ​​is easy when you are young.

Signs can already be seen. Germany, France and Russia are doing their best to attract Indian students to postgraduate courses. Learning the national language is more of a standard than an exception during your studies. The Baltic states attract Indian medical and engineering students and the fees are affordable. Indian specialists, especially in the field of information and communication technology, are increasingly working in these countries. Many of these countries are scrutinizing the housing options offered by residency, with wealthy individuals and even Indian businessmen investing in real estate programs. More and more aspiring companies are opening their representative offices. Most visa options are dual in nature. In effect, this means that there are a number of ways in which the original nonimmigrant visa can be converted to permanent resident status.

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This trend will become apparent in the next two to three decades. But we are now making potential goals for the next generation of expats!

Agencies

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