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The expatriate labour force in India has increased due to competitive compensation levels and improved infrastructure, business leaders in New Delhi say.
An upsurge in hiring of non-resident Indians (NRIs) and expats by Indian companies has coincided with better access to overseas medical insurance and education, the Financial Express reports.
India K Sudarshan, managing partner at executive search firm EMA Partners International, told the newspaper: "Over the last few years expats are more than happy to come to India largely because of the fact that Indian companies are globalising, people now want to be part of the India growth story and compensation level is very competitive."
Expats are filling in vacancies in the banking and financial services industry, in automobile, infrastructure, pharma and retail sectors, GlobalHunt India research found.
Hiring in the infrastructure market has increased by ten times and by 40 per cent in the retail and supply chain industries, GlobalHunt director Sunil Goel said.
"Of late, infrastructure in India has improved a lot. Compensation levels have become competitive as per the cost of living and good availability of healthcare and education services are attracting most NRIs to look back at opportunities in their own country," Mr Goel added.
The news comes after the Indian government announced entrance exams for various medical and engineering colleges would be opened up to NRI and expatriate students.
For those considering moving abroad, taking out expatriate healthcare insurance might be a good idea to help cut down unexpected medical costs.
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