India is a land of opportunity. The Indian economy has been growing at a rate of about 7% since the early 1990s, and it shows no sign of slowing down. India’s GDP growth in 2016 was 8.26%. In addition, there are many opportunities for expats working in India in relatively well-paying jobs.
The Indian economy is especially booming in technology, telecommunications, healthcare, and tourism industries. In other words, there are a lot of job opportunities for expats who wish to work in India. In addition to the healthy GDP growth, many foreign companies have been expanding their presence in India since there is a tremendous amount of talent and skill-sets in the country.
The country is rich with historical and cultural heritage that one can explore when on holiday. Expats can work in different industries and live in either urban or rural areas depending on their preference while still enjoying the same lifestyle that they are accustomed to back home.
Growth in Retail, Manufacturing, Healthcare & Technology Industries
India is one of the largest producers and exporters in textiles, and this industry has been growing at 7% on average since 2000. From an online retail perspective, India is projected to reach US$ 350 billion by 2030 from an estimated US$ 55 billion in 2021. The Indian Manufacturing sector currently contributes 16-17% to GDP and gives employment to around 12% (2014) of the country’s workforce.
The Information Technology industry continues to be one of the country’s best-performing sectors, with a growth rate of 20-30%. In the industrial space, the pharmaceutical industry is one of the most promising and in August 2021, the Indian pharmaceutical market increased by 17.7% annually, up from 13.7% in July 2020.
In addition, as India becomes more technologically driven and advancements in the medical field continue to improve the quality of life for citizens, there will be a growing demand for skills that provide high value. Although only 0.5% of India’s population is made up of senior citizens, by 2025, this number is expected to grow to 3%. This demographic shift will open the door for skilled professionals who are able to provide support and care as India’s population ages.
The country also ranks third in terms of the total number of startups, expected to witness a consistent annual growth of 12-15%. India had 50,000 startups in 2018; around 8,900–9,300 of these are technology-led startups; 1300 new tech startups were born in 2019 alone, implying there are 2-3 tech startups born every day.
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Growing Demand for Niche Expertise in India
In addition to being a land of opportunity, India is also a market where the demand for niche expertise is expanding rapidly.
As India’s economy continues to grow, the demand for niche expertise is expanding rapidly. Expats who have this type of specialised knowledge are in high demand, and for a good reason. They can offer companies a unique perspective and skill set that is difficult to find locally. This makes them a valuable asset, and many businesses are willing to go out of their way to sponsor them so they can work in India.
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India is a great place for expats to work because the country offers world-class facilities and amenities. Indian companies make it easy for expats to settle in the country, and they provide all the necessary support so that workers can feel comfortable and at home. From top-notch healthcare and education systems to luxurious living accommodations, expats are able to transition into their lives in India easily.
What to expect regarding Culture and Lifestyle in India?
India is a diverse nation with many languages, religions and customs. It has one of the world’s most populous cities in Mumbai, but it also has some very small towns that are far removed from the hustle and bustle of modern society. Some expats may prefer living in larger cities where they can mingle with other Indian cultures and etiquettes, while others may prefer smaller towns where they can take in the local traditions. But, no matter where expats choose to live, Indian companies are willing to accommodate them.
With so many places to visit, there are also opportunities for expats to enjoy all types of recreational activities. India has several national parks with exotic wildlife, mountains, and waterfalls that can be explored by foot or via various adventure tours. Expats will also like the country’s scenic beaches and resorts, which make it easy to unwind after a long day of work.
Final Thoughts
India is a land of opportunity for expats. With an ever-growing economy and opportunities in many different industries, India is a great place to work. One of the most attractive features about working in India is that Indian companies are always eager to sponsor expats. As long as employees have the necessary skills and qualifications, they won’t ever have a problem making a living in India. The additional perks and support make it easy to settle in and enjoy life in India.
Indian culture is also welcoming and hospitable, making it easy for foreigners to assimilate into society. If you’re looking for a new adventure and want to experience life in one of the world’s most vibrant countries, India should be at the top of your list! Lexagent Services India for 17 years is relentlessly helping corporates to relocate expat employees successfully providing smooth and hassle free Relocation, Immigration and Real-Estate or Housing services.