Why to Return to India? – A reverse brain drain

Individuals have been moving across borders due to various reasons – a better standard of living, higher education, career escalations, or even business expansions. Why to Return to India  Some of the economic and political policies of countries have also contributed to increased movement across nations.

return to india

Reverse brain drain: 

The aforementioned perspectives are now seeing changes due to the current uncertain situation.

NRIs return to India due to various compelling reasons. Few are mentioned below:

  • Opportunities in India: 

People have realized that India also has the same or even more opportunities for professional development and earning income.

There is a lot of potential demand in India as it is a developing country.

The population is huge and diverse so the potential for a wide customer base is high.

  • Social and Cultural Life in India:

People have bonds with their extended families. In many places, the Indian diaspora is small and therefore NRIs do not get a chance to celebrate festivals. 

NRIs feel their children will have a cultural disconnect with their home country and prefer to move back.

  • Various Social And Economic Issues:

In some countries, political and economic instability results in society closing doors on people of other nationalities.

There are many immigrant issues such as intolerance and violence that are increasing in different parts of the world.

 In such conditions, NRIs feel it is best to go back to ‘Native land where they will be welcomed & accepted.

  • Live Closer to Parents:

NRIs want to return to India to be with their parents. They want to spend time with their parents. 

Some of them return to offer physical support and care.

  • Giving Back To Their Motherland:  

Many people always feel that they owe something to their country and want to give back to their motherland in terms of service and charity. They come back to India and work with NGOs and charity institutions. 

They want to make a difference in society and bring change in a positive manner.

  • Retirement:

Few NRIs are very clear that they would like to work abroad till they retire or they achieve financial freedom – after that, they want to return for good. 

The savings that they have made can provide them a better lifestyle in India.

For an individual returning to India, here are few considerations to be kept in mind while returning:

DO’S WHILE RETURNING TO INDIA:

  • Keep a check on immigration and citizenship laws such as an appropriate visa for stay in India, application of Indian passport/OCI card, etc.
  • Assess the social security schemes in India (Provident Fund linked to employment, pension schemes, etc.) as well as benefits from the overseas social security accounts.
  • Do invest in insurance for financial and medical risks, especially with the current uncertainty around the globe

DON’Ts WHILE RETURNING TO INDIA:

  • Don’t make investments without understanding the risks and implications or in a haste.
  • Do not avoid or delay any of the compliance requirements under the laws as it may have financial implications.
  • With a comprehensive outlook on financial and tax matters, returning NRIs can plan their long-term stint in India.

Get to know more in detail about returning to India despite myriad reasons to stay in a foreign country, follow these articles & experiences of people :

Relocate efficiently and with minimum stress. Deal with any transition without any hesitation. India is a country where we belong, never hesitate to go back to your country. Plan the best for relocation.

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