India jumps to 14th rank as best country for expats: HSBC Survey
India jumped up the global rankings by 12 places to take the 14th position in terms of best country for expats to work in and live says a HSBC survey.
The ranking is a part of HSBCs latest expat explorer survey that covered 27,587 expats from 159 countries and territories in March and April this year. Singapore topped the HSBCs expat explorer survey.
The reasons which are attributed to the sudden rise of India in the list is strong ratings across a range of economic, experience and family measures.
The report said that India attracts many expats for work and financial opportunities, but new arrivals here often find their family life improves significantly too.
At the same time, the India has also emerged among the top 10 countries among expats for professional development.
The survey report said that the number of resident expats who recommend India for career growth has increased by 12 percentage points since 2016 to almost two-thirds (63 per cent), placing it 7th in our ranking for career progression.
Highlights of Survey
1.About 71% expats in the country reported high confidence in the Indian economy, while 58% exuded optimism on political stability.
2.one of the highest in gross personal income per year in the world with an average USD 176,408, over 50% of the expats said India is a good place to start a business.
3.Survey found that settling in India had improved family related issues for expats and India is now ranked 2nd in terms of bringing expat couples closer together.
4.Almost half (48%) of expat children easily made new friends according to their parents, ranking India 3rd in the world for this parameter.
5.In terms of Indians living as expats overseas, the survey found that their new host country offers many benefits with about 56 per cent of the respondents saying their new location offers good career.