With hiring activities in most Western economies in deep freeze, more and more foreigners, mostly from the US and Europe, are looking at India for jobs, a trend that has resulted in an up to 20 per cent jump in expat hiring this year, according to head-hunters.
According to industry estimates, there are as many as 40,000 expats working in various industries across 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's Consulting Manager for International Practices, Mr Ratnesh Kumar, told PTI here.
An 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 was happening more in the US and Europe.