The shrinking overseas job market has prompted many young professionals to return to back home in search of work. This reverse migration trend is especially notable from popular destinations such as the US, UK, and Canada, each experiencing a rise in unemployment rates recently.A report on International Mobility Trends by the Boston Consulting Group revealed a decline in the percentage of Indians willing to work abroad, dropping from 78% in 2020 to 54% in 2023. The report highlighted financial and career considerations as the main reason for this trend shift.The new preferred destinations include Hyderabad, Bengaluru, and Delhi. The primary reason for migration of people back to India is better economic and career growth opportunities. About 52% of respondents cited job quality, 37% income and living costs, 29% innovation and digitalization, and family-friendly environments, safety, security, and quality of life were also significant factors, the report noted.The influx of professionals to Hyderabad can be attributed to the citys thriving IT sector, lower living costs, and its reputation for safety, according to recent relocators.According to recent surveys noted that social structures, healthcare systems, political stability, or a more inclusive society are not the primary factors influencing job-related mobility. With increasing awareness about sound emotional and mental health, many young individuals cited concerns about safety and a lack of emotional support as reasons for their decision to reverse migration.One individual shared his experience, saying that even after securing a respectable job after completing my masters in business management in the US, he soon found himself feeling isolated with no one to turn to. The demanding work schedule combined with household responsibilities and a lack of emotional support led to depression. Moreover, hearing about attacks on Indian students made him hesitant to go out. Eventually, he decided to return to his hometown.The never-ending struggle to make ends meet has caused many people to leave places like the US and Canada. To secure money to cover basic needs, they had to perform menial tasks here and there and it was a smart decision to come back home and live a happier life.
