When The Indian Migration To The Western Countries Will Stop?
Indian migration to the Western countries has gone up in leaps and bounds in the last few years. 9 out of 10 people dream of living in places like the United States, England, Germany and the likes. Have you ever wondered why? There might be several reasons to this. The western countries are drawing away the commercial and educational sectors of the country as more and more people are obsessing over moving to these countries and settling down there.
Let us look into some stats. Since the 1990s, the Indian immigration to the western countries has taken a big leap in the upward direction. At present, the Indians form the second largest immigrant group in the USA, even ahead of the most populated country in the world- China. The USA has a whopping 41.3 million foreign-born population and the Indians make up 4.7% of this share with more than 2 million Indian-born immigrants there. The story is not much different in the case of the other western countries.
But how can we stop this? To answer this question, we need to look into the most important reason for this mass migration. At present, the US dollar stands at a whopping Rs. 64. This means one would have to fish out only one US dollar for 64 units of the Indian rupee! That’s a lot, to say the least! This has been the primary reason for the migration trends. This huge change in conversion rate from around Rs. 7 in the 1980s to Rs. 64 in 2015 has single handedly contributed to this.
The Indian rupee has been struggling against the US dollar, dwindling and going down with the progress of each day. More and more people are looking to settle abroad and earn in US dollars instead of Indian rupees and why not? This sounds like a more convenient option. The jobs are high paying ones!
Also, this can be attributed to the higher level of education in the western countries as compared to the Indian standards. Who wouldn’t want to get the best level of education if it can be afforded?
So how can we stop this?
The primary solution would be to help the Indian rupee from falling further down in the name of the US $. As the Rupee falls, it takes along with it the commerce of India. To improve the Indian economy, we could venture into:
Reducing Oil import: Exploitation of methane hydrate, a great source of energy in India, is the key to this.
Encourage export of goods from India: India’s huge agricultural produce can be used for export.
Increasing export of services: This can be done by relaxing the laws for the entrepreneurs to venture across the borders.
Other than that, the education system needs to improve by a huge margin in India. This means a better curriculum and more quality institutions.
When all of these can be achieved, the Indian migration to the western countries will slow down and eventually come to a stop.