IT professionals moving back home from Silicon Valley

rzisqildAccording to a recent survey declining wages and opportunities abroad are prompting NRI IT professionals to move back home. IT and IT enabled companies in India hired 28 percent more NRI professionals in the first quarter of 2011-12, higher than any other industries in the country.

Others who hired NRI returnees are pharma and healthcare, automobiles and manufacturing, banking and financial services and FMCGs.

India’s economic growth and opportunities fuelled the NRI’s return. That and the fact that many US companies are opening offices in India and hiring more to target Asia’s growing market.

Of the cities where high numbers of NRIs found jobs are Bangalore at the top, followed by Mumbai, Delhi and Hyderabad.