Indians Seeking Overseas Jobs Decline as India's Ranking as Work Destination Improves

The number of Indians seeking job opportunities abroad has declined from 78% in 2020 to 54% in 2023, according to a recent survey by BCG. Despite this decrease, India's ranking as a preferred work destination has improved by 6 points over the last 5 years.

The top destinations for Indians seeking work abroad are now Australia, the United States, Canada, Germany, and the United Kingdom. Australia has surfaced as the most desired country for Indian workers this year, replacing the UAE which was previously the top choice. The survey revealed that 59% of Indian respondents were unwilling to move abroad due to a strong emotional bond with their country, significantly higher than the global average of 33%.

Why this matters: The shifting trends in Indian workers' preferences for overseas employment and India's improving attractiveness as a work destination have significant implications for the global workforce landscape. These changes could impact talent flows, economic dynamics, and cultural exchanges between India and other countries.

Globally, 23% of professionals are actively seeking jobs in other countries, with 63% expressing a willingness to relocate. Financial, economic, and career considerations are cited as the primary motivators for moving abroad. The study also found that younger people from countries with fast-growing populations are the most mobile.

While Bengaluru and Delhi remain the top destinations within India, their global ranking has fallen. However, Ahmedabad has been included in the top 100 global cities for the first time. The survey also noted an increased interest from individuals in the UAE, Nigeria, and Kenya in working in India.

India is a major contributor to the global workforce, with over 13.6 million Non-Resident Indians, 18.68 million Persons of Indian Origin, and 32.3 million Overseas Citizens of India residing outside the country. The BCG study highlights the evolving dynamics of Indian workers' preferences and the growing attractiveness of India as a work destination on the global stage.

Key Takeaways

• Indian interest in overseas jobs declined from 78% in 2020 to 54% in 2023.
• India's ranking as a preferred work destination improved by 6 points in 5 years.
• Top destinations for Indian workers are Australia, US, Canada, Germany, and UK.
• 59% of Indians unwilling to move abroad due to strong emotional bond with country.
• Ahmedabad included in top 100 global cities, and interest from UAE, Nigeria, Kenya in India.