Jun 26 2008
India ranks 3rd in most popular destination for talent hunt!
According to a recent survey by manpower Inc. borderless workforce, released on Tuesday, India has been ranked as the third most popular destination for sourcing foreign talent next only to China and the United States.
The survey conducted among 11 of the 26 foreign countries believes that India is going to pose a threat to other nations’ competitive ability, global staffing services firm.
The survey involved 1,924 respondents in India, however, showed that only 21 per cent of employers think the Indian government and businesses are doing enough to slow the outward migration of talent or attract these people back to the country.
“Of the 26 foreign countries surveyed, all nations with the exception of Costa Rica and Peru believe that India provides competitive threat to their own country’s ability to compete economically,” it added.
While the other seven major countries for sourcing foreign talent across the world, include United Kingdom, Germany, Japan, Spain, France, Canada and Poland.
The phenomenon of brain drain continues unabated and the concept of reverse brain drain has not yet gained currency.
Notwithstanding the fact that India is the third most popular destination for sourcing foreign talent, but the country receives the highest remittances about USD 27 billion from nationals working abroad, closely followed by China (USD 25.7 billion), Mexico (USD 25 billion) and Philippines (USD 17 billion).
The survey states that about 57% of employers are concerned about the impact on labor market from talent migrating abroad, while only 21% believe government and businesses are doing enough to slow the outward migration of talent and attract these people back to India.
