New Delhi: Work laws in India, including stringent permits and bureaucratic red tape and delays in getting jobs are discouraging foreigners seeking employment in the country, which is at present suffering a severe shortage of skilled workers, says a new study.
The shortfall of skilled manpower in the country can be filled up by highly skilled expatriates who are eager to tap the average 11.3 million net new jobs generated annually, according to the recent study conducted by the Indo-American Chamber of Commerce (IACC).
Bureaucratic hassles and work visas that do not permit most foreigners from switching jobs easily are the main issues that dissuade them from choosing India with most of them settling for other Asian places like China, Hong Kong and Singapore.
More and more foreigners are also looking for jobs in Asia on account of job cuts, outsourcing and high taxes in the western countries, yet the number of foreigners working in India amount to only about twenty to thirty thousand as compared to more than 1 lakh expats working in China, said IACC President Deepak Panwa.
India does have a large skilled labour pool but few of them are employable. According to a NASSCOM study only one out of every four engineering graduates from India have the requisite skills and expertise for the job they apply for.
With an increasing demand in the BPO and technology sectors like the pharma industry the need for skilled labour is ever increasing in India. MORE PTI RN ANS ANS