In ancient times, India used to be an immigration destination. Now times have changed and Indians are the ones who are migrating. They first went to British colonies in Africa, then to England itself.
America's wealth drew them as did the Gulf jobs that burgeoned when the Arabs discovered oil. For the past decade or more, Indians have started migrating to Canada, Australia and New Zealand.
The trend is about to change again. This time because of India's economic policies. The reforms that started in 1991, are bringing in more and more revolutionary changes.
India's Finance Minister Yashwant Sinha's budget speech echoes the stress on growth and resilience. And it will deeply affect the immigration trends of India.
The broad strategy of the budget was human development through better educational opportunities, acceleration of the private sector and restructuring of public enterprises.
The views of this column are the author's own, and do not necessarily represent the views of NRI Online.Click here to read more
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