7/29/2019 What is Happening to India
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What's Happening in India?
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What's happening in India?
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In the last couple of years India has emerged as a dominant
player in the global economy with manymultinationals investing into
the sub-continent. As business professionals have been moving in
andout of India, they have been coming to companies like Crown to
assist with the support services tohelp make their assignments a
success.
Population 1.21 billion
Quarter of world's youth live in India
6% economic annual growth (past decade)
8.5% growth expected 10-11 fiscal year
0.5 million engineering students each year
What makes an assignment in India a success?Plenty of support
needs to be provided for the family, especially in the preparation
stage and initialfew months on arrival. With the right support
expats usually find the assignment in India afascinating and
fulfilling one. In fact most expats will not want to leave!What
about returning Indians?Some Indians have been living overseas for
10 or 15 years since leaving University. The India theyreturn to
will be very different to the one they left. They will also have
been used to living life in theWest, therefore will face the same
adaptability issues as an expat, sometimes even worse as theyhave
higher expectations of a smoother settling in process than expats
and may become frustratedwhen they face challenges.What about
Expats?
Expats face different challenges. Everything in India is new to
them and they often experience a"fear of the unknown." Taking it
step by step and working with professionals will help them to
settlein faster and adjust to their new environment.And the
schools?This will depend on how long the child has been out of the
Indian system. If they are following aninternational curriculum
they will need to go into an International school, otherwise they
will look for alocal private school. Schooling is always a
sensitive issue as it's usually the family's top priority
whenmoving. For HR Managers, it is important to have a clear policy
to avoid miscommunication andconflict during the assignment, i.e.
for additional costs for trips, equipment, travel, meals,
etc.Schooling is also becoming an issue with the best schools
facing waiting lists. It is imperative to startthis process early
and set expectations.And finding a place to live?It is true the
housing rentals are rising due to the increase in demand. Crown has
people who live in
the main areas of India and have existing relationships with
local realtors. In this quickly changingreal estate environment,
people moving into India need to stay informed and to understand
thecomplexities involved in long waiting lists, potentially
long-lease requirements and amenitiesavailable in both short- and
long-term housing.What type of experience does Crown have
supporting people moving into the region? Crown has been active in
HR round tables, seminars and discussion groups in India and
thesurrounding region. Crown has also been working with both
multinational corporations and Indiancompanies expanding globally.
Delivering these services has provided Crown's specialists,
livinginside and outside of India, with a unique understanding of
the Indian culture, the real estate
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