Workers at Indian tech start-up Betterhalf, Karen Dias / Bloomberg
Workers at Indian tech start-up Betterhalf, Karen Dias / Bloomberg

The American dream is dead for Indian techies – now they're looking elsewhere



A couple of years ago, I wrote about the rising and urgent impulse among overseas Indian information technology workers to return home, especially from the US. Visa requirements for skilled workers were being tightened, not just in America but also in Australia, New Zealand, Britain and Singapore. A new nationalist mood in those countries made Indian professionals feel increasingly unwelcome, sometimes even physically under threat. The tide seemed to be inexorably turning against India's techies, after a couple of decades of riding the information technology wave.

By all accounts, the flock of Indian returnees continues to grow, even as blood and soil political discourse holds sway in western capitals. Last July, Indian recruitment firms reported a 50 per cent rise in inquiries from US-based tech workers seeking work at home.

The returnees’ reabsorption in India was often difficult. A leaked government report recently revealed that India is faced with its highest unemployment rate since the 1970s. There had also been a profound change in the nature of the tech business, with cloud computing and other developments forcing Indian IT firms such as Infosys and Wipro to hire local staff much closer geographically to their projects in the US and elsewhere.

But nearly two years on, the situation is subtly, yet substantially, different. Anecdotally, the pall appears to have lifted recently for Indian information technology workers. The question is: how and why?

There seem to be two key reasons: survivalism and strategic adaptation to new opportunities, not least in Canada and Japan.

The survival instinct has been strong. Mani Karthik, a Los Angeles tech worker now back in Kerala, is a case in point. When I first spoke to him in 2017, Mr Karthik was in California waiting for a green card but preparing nevertheless to give up on the American dream and return to India. He had just created a website called Return to India, a tongue-in-cheek but helpful DIY kit to help other Indians manage the onerous process of leaving one world and re-entering another. Then, it was hard to predict the future.

Today, Mr Karthik is in Kochi and says his “solopreneur start-up is doing really well”. He adds: “The return to India community has grown organically ever since the site was launched and today we have a Facebook group, WhatsApp groups for all major cities in India and I see the interest only growing.”

Although he admits to “challenges” faced by tech workers returning to India, not least coping with its “work culture, nepotism, favouritism and laidback attitude”, what is noteworthy about Mr Karthik’s account is the new sense of realism among Indian professionals.

A good example of the new mood was a piece in an Indian newspaper last month by Ganesh Natarajan, chairman of 5F World, an Indian start-up that aims to help smaller, homegrown ventures. Mr Natarajan warned young Indians not to rely on the West for jobs. Work towards a career in the US “only if the American dream is still irresistible,” he wrote. “Many of us who have built successful careers in India and still travelled all over the world may inspire you to just work in India and succeed as well. Choose wisely and be happy.”

The stay at home, can-do mood is helped by forecasts that show India’s IT industry is on course to add 250,000 new jobs this year, with emerging technologies such as artificial intelligence, machine learning and robotics driving the sector’s growth worldwide and fuelling demand for Indian expertise. According to some estimates, job creation by Indian IT companies is expected to surge globally and domestically by next year.

Meanwhile, glittering new overseas opportunities have opened up. Canada, which expects to have 200,000 tech vacancies by 2020, has tweaked its permanent and temporary immigrant programmes to attract Indians looking to leave sunny Silicon Valley and find good prospects and a warm permanent welcome under wintry skies. Canada's Maple Valley, as it's called, might not seriously pose a challenge to Silicon Valley's long-term attractiveness but companies in Toronto, Ottawa and Montreal show promise on artificial intelligence, e-commerce and deep learning respectively.

There is also the Japanese dream, promising about 200,000 jobs for Indian tech workers. Shigeki Maeda, executive vice president at Japan External Trade Organisation, has said this will swell to 800,000 by 2030. Green card and permanent residency status have already been eased for highly skilled professionals and Indians are encouraged to apply. There is no certainty they will and perhaps not in large numbers. But the offer indicates that India’s tech expertise has an outward-looking future once again.

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
UAE currency: the story behind the money in your pockets
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

As You Were

Liam Gallagher

(Warner Bros)

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
How Apple's credit card works

The Apple Card looks different from a traditional credit card — there's no number on the front and the users' name is etched in metal. The card expands the company's digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Its attributes include quick sign-up, elimination of most fees, strong security protections and cash back.

What does it cost?

Apple says there are no fees associated with the card. That means no late fee, no annual fee, no international fee and no over-the-limit fees. It also said it aims to have among the lowest interest rates in the industry. Users must have an iPhone to use the card, which comes at a cost. But they will earn cash back on their purchases — 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card. Apple says it is the only card to provide those rewards in real time, so that cash earned can be used immediately.

What will the interest rate be?

The card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness. That's in line with the rest of the market, according to analysts

What about security? 

The physical card has no numbers so purchases are made with the embedded chip and the digital version lives in your Apple Wallet on your phone, where it's protected by fingerprints or facial recognition. That means that even if someone steals your phone, they won't be able to use the card to buy things.

Is it easy to use?

Apple says users will be able to sign up for the card in the Wallet app on their iPhone and begin using it almost immediately. It also tracks spending on the phone in a more user-friendly format, eliminating some of the gibberish that fills a traditional credit card statement. Plus it includes some budgeting tools, such as tracking spending and providing estimates of how much interest could be charged on a purchase to help people make an informed decision. 

* Associated Press 

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

 

 

Charlotte Gainsbourg

Rest

(Because Music)

'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The biog

Name: Mohammed Imtiaz

From: Gujranwala, Pakistan

Arrived in the UAE: 1976

Favourite clothes to make: Suit

Cost of a hand-made suit: From Dh550

 

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EElmawkaa%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Hub71%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ebrahem%20Anwar%2C%20Mahmoud%20Habib%20and%20Mohamed%20Thabet%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20PropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%24400%2C000%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3E500%20Startups%2C%20Flat6Labs%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3Cbr%3E%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A