India Inc snaps up expats, hiring jumps 20 %

Mumbai: As the Western economies continue to remain in deep freeze, more and more foreigners, mostly from the US and Europe are looking at India for jobs, a trend that has seen up to 20 per cent spurt this year,according to head-hunters.
According industry estimates, there are as many as 40,000 expats working in various industries in the country today.
"Hiring of expats has picked up by 15-20 per cent at all levels since last year, mainly on account of India being one of the fastest growing economies offering huge job opportunities," recruitment process outsourcing firm Elixir Consulting Manager for International Practices Ratnesh Kumar told media here.
Increasing number of expats are seeking jobs in the country on account of job cuts in their home countries,coupled with rising outsourcing and high taxes, he said, adding that this is happening more in the US and Europe.
According to TeamLease Vice-president Rituparna Chakraborty, the country is seeing an increased demand in expats across various industries, especially post the 2008 recession in the developed economies.
"Professionals from Europe, Southeast Asia and the US mostly are being hired mainly by sectors like travel and tourism, retail, aviation, education and sports, where we see maximum traction," she said.
09/10/11 PTI/Economic Times

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Categories: Foreign Oct 2011