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Economic Times
27-05-2025
- Business
- Economic Times
Indian 'colonialism', go forth & prosper
Agencies Overseas jobs were always a lucrative option. Now, options are widening even further for Indians, as ageing developed economies increasingly seek skilled professionals amid a workforce shortage. 70k-1 lakh trained nurses have migrated, and demand is expected to rise by 15-30% this year. This is great. A bigger opportunity awaits trained (wo)manpower, that includes industrial and transport workers, hospitality staff, care workers, teachers, and office and administrative personnel. A 2024 BCG-Convergence Foundation report, 'Global Horizons: Securing the 8M+ Global Job Opportunity for India's Talent by 2030', states that if India plays its cards right, the potential stock of India's expat workers could hit 14-15 mn, with inward remittances projected to reach $300 traditional destinations like the Gulf, Canada, the US and Britain (the last two tightening their immigration policies at their own cost), new markets like Germany, Japan and South Korea beckon. But India isn't the only one eyeing this space. The Philippines, Indonesia, Egypt, Vietnam and Brazil are also vying for a piece of the pie. The Philippines has built a robust ecosystem - from a focused nodal agency and strategic diplomacy, to a dynamic private recruitment network and globally aligned skilling programmes. To unlock its full 'Go forth and prosper' potential, India must act decisively: forge G2G partnerships, streamline visa processes, brand and promote 'Talent India', align skilling with global standards - backed by subsidies, grants and scholarships - and offer formal financing to cover pre-migration costs, risks and insurance. India needs to 'colonise' the world with its talent. Such a rising tide can lift all boats, those anchored 'back home' included. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. ET Prime Unicorn 100: Growth slowed for India's leading startups Uncle Sam vs. Microsoft: Which is a safer bet to park money? ET Prime Unicorn 100: A fifth of Indian unicorns saw revenue decline How this century-old Tata company is getting ready for the next 100 The BrahMos link that fired up this defence stock 45% in one month Stock Radar: SBI Life breaks out from a Pennant formation on daily charts; what should investors do? MNC pharma companies: Time to take a re-look? 8 pharma stocks, 5 with an upside of up to 34% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large-caps have 'strong buy' & 'buy' recos and an upside potential of more than 30%


Economic Times
27-05-2025
- Business
- Economic Times
ET Prime Unicorn 100: Growth slowed for India's leading startups
The third edition of ET Prime Unicorn 100, a definitive list on India's strongest startups, reveals a heightened focus on financial sustainability, as several of them are looking to go public and some others are facing capital crunch due to tepid late-stage startup funding. While substantial reduction of losses is a key highlight of unicorn financials for FY24, the latest that is available for most of them, it also signals challenges in terms of