Strict rules keep expats away from India
A recent study undertaken by the Indo-American Chamber of Commerce (IACC) has revealed that India is facing an acute shortage of skilled manpower, necessitating the drafting of skilled persons from foreign countries in future. However, due to the existing stringent work laws for expatriates in India, the procedure to secure the work permit has become extremely complicated. The report also suggests that the economic boom has resulted in India becoming a new hub for the jobs market, generating approximately 11.3 million net new jobs in an year. As per a NASSCOM report, the number of technology jobs is slated to reach 1.7 million in India by end of the year 2010. IACC president Deepak Pahwa said, "The time is ripe for India to admit that it is moving towards a major crunch in the manpower supply. The West provides a huge pool of resources that India can easily tap into. More and more foreigners are also looking for jobs in the Asian continent on account of the jobs cuts, outsourcing