Indian talent in demand; Seen as competitive threat

India ranks third amongst the top ten countries that are an economic threat to other nations. Of the 26 countries surveyed, 11 sourced its foreign talent from India.

Around 57 per cent employers are concerned about the impact on labour market from talent migrating abroad. Employers in public administration/education, services, finance, insurance and real estate and manufacturing are the most concerned, while employers in wholesale and retail, transport and utilities and mining, oil, gas and construction are least concerned.  

The survey also indicates that India ( $27 billion ) receives the highest remittances from nationals working abroad.  

The percentage of employers concerned about talent leaving their country in Taiwan is 64 while, in China only one per cent employers are concerned.

According to the survey, employers in India consider China, United States and United Kingdom as the biggest threats to their ability to compete economically.

Dr Naresh Malhan, MD, Director Manpower India, opines that to fill the talent shortage, there is a need to strengthen collective employer brand to attract more talented workers from overseas.

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