Hindu-Americans Rank Top in Education, Income

[hello_10]

double post

 

[hello_10]

Stop bumping your one man threads. No one cares about these traitors.

@ honeybadger

ur kind views

........

Its unfortunate for a country for whom it was said-

what is diggi 's response,he is going brand usa as rss proxy

It has been accepted on he world platform that there is no community of the world which is as liberal as Hindus, as progressive as Hindus. the least crime rate is registered from this community, whether in India or anywhere else in world, including in US/West. and it has become its weakness also as this certain community now find hard to defend itself from rest of the aggressive societies of the world, including in India where its in majority, as explained by me in the thread as below too :ranger:

=> http://defenceforumindia.com/forum/...malaysians-plight-ex-colony-2.html#post789907

Hindus are punished for being Hindus, in India too

sir, its not just Malaysia and many other countries, Hindus are being punished for being Hindus in India itself, even if they are in 80% population. population of Hindus was around 88% in 1947 while its now even below 80%, then its all about the most liberal society of the world, the Hindu community. and it has become its weakness too. just have a look on the number of financial initiatives to support minority Sikhs, Muslims, Christians, Buddhists etc as they are not Hindus . now in India, if you are not a Hindu then you may have many advantages, funds to support businesses, loans etc, but if you are a Hindu then you may lose them

even if population of Hindus is still around 80%, India is a non-religious country with sharing equal rights and more opportunities for the weak part of society like Women/ Dalits in terms of reservations etc. no matter which family you belong to, of any religion/ language/ state etc, you may have the highest position in India if you qualify the exams. India may proud to say that even if its a Hindu majority country, it had many minority president and PMs, governors, chief justice, chief ministers, generals, bollywood super stars, captain of different sports etc.

but what the reason to offer better opportunities to minorities while they are richer than Hindus too? per capita income of Sikhs is well above average of Indian Hindus, while Christians receive foreign funds too for being Christians? while Muslims have problems of having too many kids, so their per capita income is obviously low?????????

then here, what the reason to punish Hindus in India itself for being Hindus? why so many projects, loans/ better financial opportunities for the minorities of India, while punishing Hindus this way, for being a Hindu???????

 

[hello_10]

further to the above post of mine, one day i calculated crime rate comparison between Hindu majority India Vs United States of America, the second largest democracy as below:-

(this comparison also consider the facts that, American people receive Social Security + Free Medical so they are expected to be less violent as compare to those of Hindu majority India, who live life in tough circumstances, having only 350million Middle Class and rest are Under Class/Poor.)
;;;;;;

Comparison based on per 100,000 (lakh) people

=> India tops world murder count - Times Of India

1st,

The number of rape cases was maximum in the US which recorded 93,934 such assaults followed by South Africa 54,926 and India 18,359.

here, Rapes in Welfare society of US = 93,934/ 3100 (100,000) = 30.3

Rapes in non-Welfare India = 18,357/ 125,00 (100,000) = 1.47

2nd,

There were 32,719 incidents of murder recorded in India, whereas there were 16,692 in the US

Total Murders in Welfare society of US = 16,692/ 3100 (100,000) = 5.38

Total Murders in non-Welfare society of India = 32,719/ 12500 (100,000) = 2.61

3rd,

The US topped the crime list with 2,31,13,708 total crime related incidents, whereas India registered overall 50,26,337 criminal cases.

total crimes in Welfare Society of US = 2,31,13,708/ 3100 (100,000) = 7456

total crimes in non-Welfare society of India = 50,26,337/ 12500 (100,000) = 402

hence the Total Crime ration between the two largest democracies of the world = 18.4

=> India tops world murder count - Times Of India


=> and yes its a truth that all these dramatic increase in Murders, crimes, especially Rapes, started during last 7-8 years only, check the data's. we even find India to be dropped 25 points on the corruption ranking in just 5 years, out of hardly 180 countries, as below. the very first outcome of inviting the Western Culture and their all the good and bad

=> India 72 in corruption index in 2007

=> India ranked 94th in Corruption Perception Index ratings by 2012

and i have said before, if the Indian government doesn't take proper steps to control influence of Western Culture, then soon they will have to build more jails for those people who dont even have house, and living in slums

While Americans represent about 5 percent of the world's population, nearly one-quarter of the entire world's inmates have been incarcerated in the United States in recent years.[3] Imprisonment of America's 2.3 million prisoners, costing $24,000 per inmate per year, and $5.1 billion in new prison construction, consumes $60.3 billion in budget expenditures.

United States incarceration rate - Wikipedia, the free encyclopedia

About 11,100 Americans died in gun-related killings in 2011, according to preliminary data from the U.S. Centers for Disease Control and Prevention. There were 19,766 suicides by firearms in 2011, the CDC said.

Thousands march against gun violence in Washington | Reuters

=> U.S. most armed country with 90 guns per 100 people | Reuters

 

[hello_10]

duplicate post

 

[hello_10]

Technology is meant by the people/professionals not the Firms who employ them

here, its worth mentioning that it were mainly "Western Christian Nations" who were widely involved in enslaving whichever country they could since 19th century and since then only we find Western economies growing, hence its give us a sense that there is always a role of those who became slaves of West and worked for them, mainly in case of UK's Economy, we discuss in India which suddenly rose when it won over Marathas in 1818 (post#80).

a country gets industries, high techs, when it has those people who may develop technologies or improve the existing ones and Western firms mainly 'hired' these professionals from developing countries, regardless any religious background. I mean, while drinking every day and changing with new women frequently with enjoying the life with fullest, if you may still manage to study at least 8hours+ every day, on years long hard work with having 'brain' to face competition like in India, then you do have these hard working brains/talents in your country to have high techs. but if the West can't have this type of hard working and high talented people, along with the luxury lifestyle they have, then it simply means that they have to have those 'slave' professionals/brains who may help them have high technologies, simple........

I mean to say, "Technology is meant by the people who develop the technologies, not by their bosses who are awarded these Western Scientific Awards and their firms who make profits out of it." "Technology is developed by those hard working people, 'brains/talents', regardless any religious background he/she has." and here we find its mainly the Indians who qualify in competition/interviews of US's firms, engineers and business professionals both, in big numbers. the US's firms who hire people from the whole world but they were always more willing to hire Indian origins as they could prove themselves 'worth' getting high paid employment from US's firms. along with a large number of Doctors migrated to US too to fulfill the skill shortage........

one day a made a clear statement, "the society where criterion of getting success in life is not education, people are then more willing to commit crimes to go high in life/ to have luxury in life." and this is the foundation of Western Society, little rude but very clear and straightforward statement (post#83). and hence, now we find more wars when Western Economies are on free fall

(YOU SIMPLY CAN'T COMPARE YOURSELF WITH US/WEST IN TERMS OF WARS/ RAPES/ TOTAL CRIMES ETC, post#83)

for example of Mr Bill Gates, the richest man similar to other US's billionaires, we generally talk that Mr Gates can't develop the technology his company sell, he only did 'business' of the skills he hired from rest of the world, mainly from India. even Hotmail was developed by Sabir Bhatia. US's and most of the Western firms dont have their own people to make them in profit, develop technology/improve the existing techs etc, but its the high skills of developing countries who work for these Western Firms........

and since Indian Firms have got infrastructure in India itself, similar to China/ASEAN etc, now we find so many wars organized in this world. every year a new war, Afghanistan going on, continuous violence in other parts of world due to US's funding/CIA's involvements, with targeting different countries one by one. Libya in 2010, Syria in 2011-12, and the list is too long if you add US's/Western funded wars for culture/religion/language (english)/ race etc etc....

as discussed in my thread as below too:

=> http://defenceforumindia.com/forum/religion-culture/50140-western-wars-christianity-4.html


just have a look on the shiits they have done in US and then these single mother kids are fed on the tax money of migrants, as below. can you afford to feed these Single Mother shiits in India, once their Western Culture will have got enough ground here????? can you people imagine a day when over 50% women of India will be getting pregnant without marriage, and there is no Welfare in India, like US, to feed these Single Mother kids too? is this EMPOWERING women?

Indians, who now number 3.18 millions, the third largest after the Chinese (4 million) and the Filipinos (3.4 million) have a median household annual income of $88,000, much higher than for all Asians ($66,000) and all US households ($49,800).

The share of unmarried mothers was much lower among Indian Americans (2.3 percent) than among all Asian Americans (15 percent) and the population overall (37 percent).

Indian Americans top in income and education - NY Daily News | NewsCred SmartWire

 

[hello_10]

GDP per Capita of India on PPP by 2013

Considering the method which was in application till 2006, by both World Bank and IMF


We have new GDP Per Capita on PPP calculation for India considering the year 2013 also, as below:

now poverty of India is because of its over population. Most of the problems of India is because of its Over Population and India has to reduce its population only. otherwise India has around 350mil Upper Middle Class, more than total population in 1947, whose per capita income on PPP is similar to the Very High HDI countries like Argentina, Poland, Saudi Arabia etc. one day I calculated as below:-

first, we find expected GDP on PPP of India at around $5.2tn in 2013 but its still manipulated by the US/UK since 2007. as, till 2006, we had a different way of measuring GDP on PPP which used to include estimated undocumented part of GDP also. and I remember, this way GDP of high population 'developing' countries was around 50% to 80% higher, and for the middle order countries like Brazil/Turkey it was around 10% to 25% higher. and for the developed nations, the difference was hardly around 1% to 3% by that "Old Method" which was in application till 2006. like as below:

"There are, however, practical difficulties in deriving GDP at PPP, and we now have two different estimates of the PPP conversion factor for 2005, India's GDP at PPP is estimated at $ 5.16 trillion or $ 3.19 trillion depending on whether the old or new conversion factor is used," it said.

It's official: India's a trillion-$ economy - Times Of India

means, GDP of India on PPP was already $5.16tn in 2006, higher than Japan that year, making it the 3rd Largest Economy on PPP by 2006 itself this way.

again we have India's growth rate since 2007 as below:

=> India GDP Annual Growth Rate


here we find, "Average Growth Rate" of India from first quarter of 2007 till the December quarter 2013, stood at around 7.7%, on 'annual' basis. hence considering GDP on PPP of India at $5.16tn in 2006 by Old Method as above, with the estimated 5.0% growth by 2013, we may calculate its value by 2013, after 7 years since early 2007, as below:

GDP on PPP of India by end 2012 = 5.16*1.077*1.077*1.077*1.077*1.077*1.077*1.05= $8.4554 trillion on PPP

but we would also get to know that PPP value consider value of goods and services in US$ term, means we would also include the factor of inflation of United States also. and if we consider average 2.0% inflation of US for these 7 year in between early 2007 to 2013, with considering an overall factor of just 1.14 this way, then GDP on PPP of India comes around = 8.4554* 1.14= $9.64tn by 2013. and it still hasn't included 'Value Added' effects........

again, we know that share of agriculture would be around 18.5% in India's GDP in 2013. therefore, we find share of agriculture in indian economy, 0.185 * 9.64= $1.80 trillions (around), on which 50% population of india is dependent. means around 600mil people based on agriculture in india have per capita income around = $3,000 on PPP by 2013 this way, which is itself similar to the better side of "Lower Order Countries" like Bangladesh..........

this way, 9.64 - 1.80 = $7.84tn is left for rest of 600mil people based in industry and service in India, with per capita income of around $13,000 on PPP which is higher than "Middle Order Countries" like Brazil, South Africa, Turkey etc..........

https://www.cia.gov/library/publications/the-world-factbook//rankorder/2004rank.html


again, we have news that 25% of the population of cities are either in slum or in bit better condition only. so we would consider per capita income of 300mil living in cities in low condition at hardly $4,000 which takes a share of $1.2 trillions from its GDP. hence we are then left with around 7.84 - 1.2 = $6.64 trillions for the rest of 300 mil people living in cities, the so called Middle Class of India with per capita income around $22,133 on PPP this way.

but it is estimated that out of total 600mil people based in agriculture sector, it also has around 50mil Lower Middle Class with Per Capita Income around $12,000 on PPP. (as we know that agriculture has higher share of 'undocumented' part, with that, Agriculture also has higher share of non-taxable business of India.) Hence, we find total middle class of India around 350mil with per capita income around $20,000+ on PPP which is similar to Very High HDI countries like Argentina, Poland, Saudi Arabia etc, which is more than total population of India at the time of freedom in 1947 :ranger:


=> again we may further calculate that this way we find share of 350million Middle class of India in its GDP comes around 20,000* 0.35 = $7,000 billions, hence leaving around $9.64 - $7.0 trillions = $2.64 trillions for the rest of 750 million people.

here we know that around 350 million people of India fall below poverty line at per capita income around $1,000 on PPP only, hence having share of around $350 billions in its GDP this way. which then leave $2.64 - 0.350 = $2.29 trillions for the rest of 400 million "Under Class" of India this way, with Per Capita Income on PPP at around 2290/0.4 = $6,000 on PPP this way, which is also similar to the "Lower Middle Order countries" like Indonesia, Vietnam, Laos etc :thumb:

 

[hello_10]

Most Expansive Places to Live
on 15-10-2012

5th Moscow $17,566 per sq.m.

7th Singapore $16,350 per sq.m.

10th Mumbai $11,306 per sq.m.

12th Sydney $8,774 per sq.m.

20th Shanghai $6,932 per sq.m.

29th Istanbul $4,569 per sq.m.

47th Dubai $3,393 per sq.m.

54th Bangkok $2,996

68th Kuala Lumpur $2,182 per sq.m.

73rd Jakarta $,2099

World's most expensive cities

MUMBAI: Office rentals in Mumbai and Delhi continue to be among the highest in the world, beating the likes of New York, Washington or Shanghai despite a depreciating rupee. Renting office space in Mumbai and Delhi costs over $65 and nearly $73 per square meter a month, while the same costs $63 in New York $48 in Washington and $41 in Shanghai, property consultancy firm DTZ said in a report.

Mumbai, Delhi office rentals top Shanghai, New York - Economic Times

 

[hello_10]

Technology is meant by the people/professionals not the Firms who employ them

here, its worth mentioning that it were mainly "Western Christian Nations" who were widely involved in enslaving whichever country they could since 19th century and since then only we find Western economies growing, hence its give us a sense that there is always a role of those who became slaves of West and worked for them, mainly in case of UK's Economy, we discuss in India which suddenly rose when it won over Marathas in 1818 (post#80).

a country gets industries, high techs, when it has those people who may develop technologies or improve the existing ones and Western firms mainly 'hired' these professionals from developing countries, regardless any religious background. I mean, while drinking every day and changing with new women frequently with enjoying the life with fullest, if you may still manage to study at least 8hours+ every day, on years long hard work with having 'brain' to face competition like in India, then you do have these hard working brains/talents in your country to have high techs. but if the West can't have this type of hard working and high talented people, along with the luxury lifestyle they have, then it simply means that they have to have those 'slave' professionals/brains who may help them have high technologies, simple........

I mean to say, "Technology is meant by the people who develop the technologies, not by their bosses who are awarded these Western Scientific Awards and their firms who make profits out of it." "Technology is developed by those hard working people, 'brains/talents', regardless any religious background he/she has." and here we find its mainly the Indians who qualify in competition/interviews of US's firms, engineers and business professionals both, in big numbers. the US's firms who hire people from the whole world but they were always more willing to hire Indian origins as they could prove themselves 'worth' getting high paid employment from US's firms. along with a large number of Doctors migrated to US too to fulfill the skill shortage........

one day a made a clear statement, "the society where criterion of getting success in life is not education, people are then more willing to commit crimes to go high in life/ to have luxury in life." and this is the foundation of Western Society, little rude but very clear and straightforward statement (post#83). and hence, now we find more wars when Western Economies are on free fall

(YOU SIMPLY CAN'T COMPARE YOURSELF WITH US/WEST IN TERMS OF WARS/ RAPES/ TOTAL CRIMES ETC, post#83)

for example of Mr Bill Gates, the richest man similar to other US's billionaires, we generally talk that Mr Gates can't develop the technology his company sell, he only did 'business' of the skills he hired from rest of the world, mainly from India. even Hotmail was developed by Sabir Bhatia. US's and most of the Western firms dont have their own people to make them in profit, develop technology/improve the existing techs etc, but its the high skills of developing countries who work for these Western Firms........

and since Indian Firms have got infrastructure in India itself, similar to China/ASEAN etc, now we find so many wars organized in this world. every year a new war, Afghanistan going on, continuous violence in other parts of world due to US's funding/CIA's involvements, with targeting different countries one by one. Libya in 2010, Syria in 2011-12, and the list is too long if you add US's/Western funded wars for culture/religion/language (english)/ race etc etc....

as discussed in my thread as below too:

=> http://defenceforumindia.com/forum/religion-culture/50140-western-wars-christianity-4.html


just have a look on the shiits they have done in US and then these single mother kids are fed on the tax money of migrants, as below. can you afford to feed these Single Mother shiits in India, once their Western Culture will have got enough ground here????? can you people imagine a day when over 50% women of India will be getting pregnant without marriage, and there is no Welfare in India, like US, to feed these Single Mother kids too? is this EMPOWERING women?

Indian Hindus were mainly enslaved when Marathas lost to Democratic Britain in 1818, post#80............

The Econmic Order of the world till then was discussed in the thread as below, post#3 :thumb:

=> http://defenceforumindia.com/forum/...overy-india-facts-about-india.html#post749076

 

[hello_10]

here, 350million Middle Class of India is more than total population at the time of freedom in 1947, when it was at around 347million. the year 1947 when India had only around 5% Upper class and rest poor. even on the side of education, a comparison of 341million population of india at 1947 and 1.25billion population of india is as below

When the British rule ended in India in the year 1947 the literacy rate was just 12% . Over the years, India has changed socially, economically, and globally. After the 2011 census, literacy rate India 2011 was found to be 74.04%. Compared to the adult literacy rate here the youth literacy rate is about 9% higher.

Literacy Rate for India Population Census 2011

Youth Literacy Rate of India is estimated over 90% by 2013..............


=> india is a country of many classes. with high class, middle class, lower class we also have Upper Middle Class, General Middle Class andLower Middle Classes....... with that, we also have details indian rich people as below :ranger:

in the report as below, mention around 115 Billionaires in India, as compare to hardly around 60 by Forbes. its because Forbes estimate only Share values, while the report as below includes, "shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets, according to Wealth-X...". :thumb:

World's Billionaire Club Grows; Ultra Millionaires Lose Money - WORLD PROPERTY CHANNEL Global News Center


in this list, BRIC economies as whole have their UHNWI estimate, with India's at around 8,200, is given in the article as below:


@ BRIC Country Super-Rich Worth $4 Trillion

The future of wealth will be built with BRICs.

According to new data from Wealth-X, the wealth research and consulting firm, Brazil, Russia, India and China now have a combined 25,600 people with $30 million or more in net worth (which includes shares in publicly traded and closely held companies, residential and investment real estate, art, planes, cash and other investible assets).

That is about half the number of ultra-high-net individuals in the U.S., according to Wealth-X.

The BRIC ultrarich have a combined net worth of $4.125 trillion, compared to $6.4 trillion for the U.S.

What is most interesting about the BRIC data is the concentration of wealth at the very top of the wealth pyramid. In Russia, the nation's 80 billionaires account for 7% of the total population of people with a net worth of $30 million or more, but they own 84% of that group's $640 billion in wealth.

In Brazil, the nation's 50 billionaires account for less than 1% of the ultrarich population but a third of the group's $890 billion in wealth. India's 115 billionaires represent 1.4% of the total ultrarich population and 20% of the group's wealth of $945 billion.

China's billionaires account for 1% of the ultrarich and about a third of their wealth of $1.65 trillion.

The U.S., of course, isn't exactly a model of equity when it comes to billionaires and the ultra-rich. Its 450 billionaires account for less than one percent of the ultra-rich population but control 25% of the group's $6.4 trillion wealth.

But the fastest global growth in billionaires and their lesser ultra-rich aspirants will likely be from the BRICS rather than the U.S. or Europe.

"In Russia, as in other emerging markets"¦.billionaires and near-billionaires, followed in aggregate by the mass of ultra-high-net-worth will dominate wealth," according to Wealth-X.

Which country would you want to live in if you had a net worth of $30 million or more?

BRIC Country Super-Rich Worth $4 Trillion - The Wealth Report - WSJ

a picture of whole world as below :thumb:

 

[hello_10]

one day I made this satement as below, which is related to this topic: :thumb:

=> Illegal Migrants/Poor Indians: if India has 350mil middle class then 850mil 'under class' also, including around 400mil poor, as they couldn't control their population. 350mil middle class of India, whose per capita income on PPP is similar to very high HDI countries like Argentina, Poland, Saudi Arabia etc is itself more than total population at the time of freedom 1947? hence, you get two type of migrants, one from the Middle Class of India who are the highest income group in US, as of topic, and the other one are around 2.4 lakhs illegal indian migrants also who have entered there similar to many other countries. so, if you find anyone illegal there then either kill him, or send him back to his country. simple :ranger:

also, population of India is 17% of world's population while US have only 0.24millions Illegal Indians out of total 11.5mil illegal migranst there, then, we find Indians are better seated in this category of US also?

March 24, 2012 16:40 IST

An estimated 2,40,000 Indian immigrants are among 11.5 million foreigners living illegally in the United States without proper immigration documents, according to latest official figures.

China is placed fifth in the list, but tops among the Asian countries with 280,000 illegal immigrants, followed by Philippines (270,000) which is ranked overall sixth.

2.4 lakh illegal Indian immigrants living in U.S.: report - The Hindu

here we find, population of India (1.25 billion) at around 17% to world's population, while ratio of Indian Illegal Immigrants in US comes at around 240,000/11,500,000 = 2.0% (around)


(today i remembered my above statement and i would like to modify it by, "you don't really have to kill whoever you find . there must always be an opportunity for those who want to survivie, those who just want to run from US/Australia, isn't it?")

 

[hello_10]

NRIs moving from the US to India: How much salary to expect

That story probably made news only because of its star power. The fact that NRIs from the US are moving back to India is no shocking development. NRIs have, in the last few years, been relocating to India in large numbers, in search of better personal and professional lives. And if you are an NRI considering that move, there is one important thing that you must understand very well: the salary you will get in India.

Kris Lakshmikanth, Founder CEO of The Head Hunters India Pvt Ltd. says, "When it comes to compensation, we find that NRIs have inflated expectations. They mainly go by hearsay; their friend or friend's friend who returned to India has told them a tall story about Indian salaries. They want to go by that yard stick."

USD will not convert to INR

The first thing to remember is that you will not make the rupee equivalent of your US salary in India. The cost of living in India is significantly lower than that in the US. This also means a lower labour cost in India. These factors will determine your India salary. Seema Nair, Co-Leader India HR Operations of Cisco India explains, "The salary in India (for Cisco employees moving from US to India) is related to local labour market wage rates with a potential premium for critical skill sets."

Achyut Menon, head of Options Executive Search Pvt Ltd also adds, "In the nineties, people who were posted to India got expat salaries. But those days are over. In the last 10 years, India has become an attractive market for global companies who are not just looking to set up offshore centers here, but also to capitalize on the growing, educated and highly aspirational middle class consumer segment. Added to that is the availability of skilled labour within India itself. Companies no longer need to pay expat salaries."

Benchmark: What then should be the broad benchmark?

Both Lakshmikanth and Menon say that while there cannot be a standard formula, the Big Mac Index is a good guideline to calculate salaries. The Big Mac index published by The Economist, is based on the theory of purchasing-power parity (PPP), according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world. The basket in this case being a McDonald's Big Mac.

Now according to the last available index dated July 2011, a Big Mac costing USD 4.07 in the US costs USD 1.89 in dollar terms in India (Rs 85 converted at an exchange rate of Rs 45). It means that the Big Mac costs 54% less in India; the cost of living is 54% lower in India. Read another way, this means that the rupee is undervalued by 54% to the dollar and that on the basis of PPP, one dollar would actually be worth Rs 21 instead of Rs 45.

So if you are drawing a salary of USD 100,000 in the US, you can expect to draw Rs 21 lakh in India, give or take. At an exchange rate of Rs 45, that would translate to an Indian salary of USD 46,666 or 46% of the US salary. :ranger:

"Senior management can expect anywhere between 40% and 70% of their last drawn US salary when they move to India," Menon explains, adding, "At the 70% end would be people who have moved to India to set up a development/ engineering center or to head the global company's India start-up."


Best career move

Having set that broad benchmark, the salary would also vary between industries and functions. You would need to choose your profile and company carefully to maximise your salary.

"Manufacturing would pay less than technology. Within technology, we find that delivery of software is something which Indian companies have become masters in. They don't need to employ people from overseas. In fact, such people from the US are paid less than the person who stayed back in India because those returning from the US have handled fewer people teams as compared to peers in India," Lakshmikanth points out.

Similarly, domestic Indian companies do not usually recruit NRIs for strategic positions if the NRIs are not familiar with the dynamics of the Indian market and work place.

As an NRI moving back to India, Menon says it would be best to join a company in the US which has plans to start-up/ expand in India. "A lot of US companies across sectors like engineering, legal, analytics, financial services, pharmaceuticals are setting up operations in India.

These companies are happy to send an Indian to India who also has experience of their other markets. The employee benefits because he can grow with the company's operations in India. In the beginning, the company will set up a 30-40 staff office and expand going forward. As a member of the start-up, the employee grows as the company grows, making it a win-win for both" he explains.

Parting shot

"At the end of the day, come back to India for the same reasons you went abroad: for personal and professional growth and happiness. Come with a long term view in mind and you won't regret it," Menon advices.

(The author is a chartered accountant and financial writer. She also blogs at blogs.economictimes)

NRIs moving from the US to India: How much salary to expect - Economic Times

Reverse brain drain: India beckons non-resident citizens home with plum salaries
January 03, 2013

Country is expected to create nearly 50,000 jobs for NRIs :thumb:

The overseas Indian community (non-resident Indians, NRIs) is estimated at over 25 million and is spread across every major region in the world. Many of these, now overseas residents, went abroad to study and many never came back.

The reason – there were better jobs and plum salaries to strive for in foreign countries.

This is a problem that India has faced over the decades but now it's trying to move away from being a country that specializes in importing labour. To get its people back home, the country is creating jobs for its overseas citizens. The latest figures from job portal Naukri.com shows that nearly 50,000 jobs will be made available this year to lure some of these defectors, particularly the high-quality academics and professionals, back to their home country.

The figure seems a drop in the ocean considering the huge number of Indians living aboard but signals a change, welcoming the returnees. :thumb:

Each year, the number of jobs specifically targeted at NRIs, have gone up. The organised sector in India is set to create about 49,215 new jobs for non-resident Indian professionals in the calendar year 2013 with 43 per cent more jobs compared to 2012.:tup: Last year, the country was able to create around 27,983 jobs, reveals the latest results of MyHiringClub.com & NriJobPortal.com NRI Professional Employment Trend Survey 2013.

The survey is based on 4453 companies across 12 industry sectors in 11 major cities and indicates that most employers are optimistic about their hiring plans for NRI professionals in the New Year. :thumb:

"An increasing number of valued NRI professional recruitment will likely take place in 2013. This is a good sign for retaining talent in India. I believe job opportunities are most in Bangalore and most of the NRIs who are seeking to come back are tech professionals," said Rajesh Kumar, CEO, MyHiringClub.com & NriJobPortal.com.

IT & ITeS (11450) will offer the maximum number of jobs to NRIs. This is followed by FMCG (8930), automobile & manufacturing (7341), infrastructure (4894), pharma & healthcare (3245), telecom (1391) and banking & financial services (1391).

Bangalore is the city where most jobs will be created (11894), followed by Delhi & NCR (10320), Mumbai (6780), Chennai (5490), Kolkata (3290) and Hyderabad (2189).

Even though the country seems to be luring the professionals back home, workers under the unskilled and semi-skilled category are still flocking to other countries for better pay.

"We have not seen any huge upsurge in the numbers returning to India so far. Every year, there are one to two lakh (100,000 to 200,000) workers who return to India, usually at the end of their work contracts," Minister of Overseas Indian Affairs Vayalar Ravi was quoted in the Indian media nearly one year back.

The ministry tracks the movement of semi-skilled and unskilled Indian workers to the Gulf and other countries.

As per the reports, the Indian government processes six to eight lakh emigration check required (ECR) passports of workers who travel to the Gulf countries and some other countries.

This number seems to have gone up, as per the data of the ministry. For the current financial year in India, the number is about 6.1 lakh (600,100), which shows an increase in the number of Indian workers leaving the country for work abroad.

India beckons non-resident citizens home with plum salaries

 

[dhananjay1]

People go where opportunities are. If there are more opportunities in Indian job market then NRIs would follow.

 

[hello_10]

People go where opportunities are. If there are more opportunities in Indian job market then NRIs would follow.

even if you earn dollars, you do know that western firms are losing market to emerging economies and you can't work for a long for those western firms which requires 'bail-outs' on time to time to survive

also, a firm based in an emerging market like china-ASEAN-india will only grow, and you will have career progress this way. you can't expect a bright future from those western firms which have limited opportunity to expend..............:ranger:

 

[hello_10]

also, a firm based in an emerging market like china-ASEAN-india will only grow, and you will have career progress this way. you can't expect a bright future from those western firms which have limited opportunity to expend..............:ranger:

its expand. spelling mistake...... im noticing loss of memory of mine for last 2-3 years. even if i write a word, i then search online, whether the spelling is correct or not. first i write and post and then finding the correct spelling . a serious loss of vocabulary/ including grammatical mistakes have occurred during last 3-4 years, i find. i may need to revise even my books too, i had during my engineering/management studies. my handwriting was already not good but as im just typing on computers since i finished my studies, its has also gone to the worse.......

anyway, we have something more related to the above topic as below :ranger:


=> Younger CEOs paid more in India than US

MUMBAI: A new breed of younger Indian CEOs is rewriting the rules of the compensation game. In the process, they are topping their American and European peers to stand out as the highest paid executives globally, something which was once the exclusive preserve of executives from companies based outside India.

The average annual salary for an Indian CEO below the age of 50 years now stands at Rs 7.9 crore. Compared with the Rs 7.3 crore that American corner office occupants earn and Rs 7.8 crore pocketed by European bosses, it highlights the rising salaries of younger CEOs, especially in promoter-run firms in India.

Younger Indian CEOs may have stolen a march over their global peers in the salary sweepstakes but overall, Indian CEO salaries are substantially lower than their international counterparts. This was revealed in a study by global recruitment firm Randstad, which was commissioned by TOI to compare the differentials that exist between salaries of Indian CEOs vis-a-vis their western counterparts.

The compensation of Indian CEOs, though growing sharply, is still 45% lower than their American peers and 21 % lower than European CEOs. However, the gap in salaries when compared to European CEOs is shrinking faster, especially in the manufacturing, energy and infrastructure segments, the study points out. Indian CEOs received an average salary of Rs 6.3 crore.


The study is based on conversion of international salaries to Indian rupees by applying a Purchasing Power Parity (PPP) conversion factor of 20.224. This basically means that the exchange rate is adjusted so that identical goods in two different countries have the same price when expressed in the same currency. As a representative sample, Randstad took into consideration companies that form the BSE100 (for India), FT100 (for Europe) and S&P100 (for US) indices as of August 20, 2012. All long-term benefits like stock options were excluded.

"With current levels of inflation, and if India's GDP shows higher growth, the gap between salaries in India will come closer to the levels of the western world. The younger Indian CEOs are compensated better, because there is a higher concentration of promoter CEOs in this group. We can see that in sectors like manufacturing, energy and infrastructure, first-generation promoters are passing on the CEO mantle to their heirs and other family members," says Balaji E, MD & CEO, Randstad India.

However, the trend of promoter CEOs earning more than professional CEOs is not restricted to the younger lot. Across India Inc, promoter CEOs earn 53% higher than professional CEOs, the study revealed.

While professional Indian CEOs still need to catch up with their international peers, the gap in the average salary is highest in the information technology, telecom and communications, finance, retail, media and entertainment sectors, closely followed by the consumer goods industry. In the manufacturing, energy and infrastructure segments, the compensation of Indian CEOs is at par with the European CEOs due to the higher concentration of promoter CEOs in these two segments.

"Today, more and more Indian CEOs get compensated at world-class levels. This trend is driven by several factors. Firstly, it speaks of the professionalization of management and secondly, the most critical constraint to growth is the availability of general managers. It is just pure supply and demand. Finally, professional managers have a considerable set of opportunities to choose from. The broad implication is that, going forward, India cannot become competitive by playing cost arbitrage but has to master the innovation game," says Vijay Govindarajan, professor at Tuck School of Business at Dartmouth College and a part of the celebrated Thinkers 50 group.

Some Indian executives, however, think that the differences in the way salaries are structured for Indian CEOs compared to their western counterparts would continue for a while. "There is a difference between CEO compensation in India as compared to the US and Europe. American CEOs, in particular, and businesses have much greater risks attached to them. The stress that leaders undergo makes them demand far greater compensations whereas in the Indian context, the time lines for performance and the risk factor is much lesser," says Hari T, chief people officer at IT services major Mahindra Satyam.

Indian CEOs from the manufacturing segment earned the highest at Rs 8.7 crore, followed by CEOs from consumer goods with an average salary of Rs 5.6 crore. The other significant point to have emerged from the study is that private sector CEOs are compensated 21 times more than public sector CEOs. With an average salary of Rs 6.3 crore, private sector CEOs are compensated far better than their public sector counterparts, who earn an average compensation of Rs 0.3 crore. The salaries of CEOs of the public sector do not include benefits and perquisites provided to those in the private sector.

Rajeev Chopra, CEO and MD, Philips Electronics India, is more pragmatic and refuses to buy into the euphoria over increasing salaries of Indian CEOs. "Broadly speaking, compensation has always been and will continue to be a function of a myriad factors, such as the prevailing salary structure in the country's job market, the specific industry, the business situation a particular company finds itself in, etc. Therefore, clearly, a 'one size fits all approach' has not worked and may not work in the context of global salaries."

Be that as it may, due to the increasing complexities of Indian businesses, salaries can only go up.

Besides, comparisons would never cease considering salaries remain the biggest point of discussion across management levels in global businesses.

Younger CEOs paid more in India than US - The Times of India

 

[hello_10]

Finance ministry verifying outward remittances made in 2011-12 fiscal
Jun 14, 2013

NEW DELHI: The finance ministry is verifying outward remittances worth Rs 3.56 lakh crore ($75billion+) from India during 2011-12 as a major portion was not subject to tax deduction at source, an official said on Friday.

"The finance ministry is currently engaged in verifying the remittances made abroad from India as over 70 per cent of remittances going out of India during the financial year 2011-12 were without any tax deduction whatsoever," director income tax (International Tax), MS Ray said at an Assocham event today.

For 2011-12, there were 7,56,741 foreign remittances made from India with money worth Rs 3,56,461 crore going out of India, he added. (exchange rate in 2011, US$1.0 = Rs 46.)

Ray said: "...out of this, tax deduction at source (TDS) made was Rs 12,676 crore representing just three per cent of the total remittances going out of India."

He said that the income tax department is making efforts to verify the remittances and organising seminars and campaigns to spread awareness about consequences of withholding taxes in smaller towns.

These efforts are paying rich dividends, he added. Ray said that awareness about TDS, mainly in smaller towns and cities is not up to the desired levels. This is especially seen in places such as Ludhiana with large population of non-resident Indians, he added.

"The NRI population in these places is selling properties but while remitting the sale proceeds, people are not aware that TDS has to be made," he added.

Speaking about characterisation of income through royalty and fees of technical services, he said this is a major area of litigation and needs a coherent approach and understanding from both tax authorities and tax payers.

Ray added that the department is providing various mechanisms for greater certainty in taxation and reduction in litigation.

Finance ministry verifying outward remittances made in 2011-12 fiscal - Times Of India

 

[hello_10]

in fact, exchange rate in 2011 was US$1.0 = 44 Rupees only, which means around $80billion+ reverse remittances from India in 2011 :ranger:

here, professional indian migrants/ migrant indian businessmen doing business in foreign nations, send money after paying very high tax as Indian migrants fall in very high income bracket in western nations, and hence pay very high tax to those governments this way, and then India received around $60billion remittances in 2011. while around $80.00billion+ Reverse remittances from India without proper tax?????

how foreign companies and other sources are so successful in taking out money from India, "without paying tax also?"

 

[hello_10]

double post

 

[hello_10]

Further to my last post#96, we have one more news as below :ranger:

Outward FDI Exceed Inward Flows
NEW DELHI, MAY 22

http://mg.glpublications.in/epaperpdf//2352013//2352013-md-hr-2.pdf

 

[hello_10]

How Immigration Has Impoverished Britain:

75% of Pakistani and Bangladeshi Children "Live in Poverty"

Claims that immigration is economically beneficial for Britain have been destroyed by news that three-quarters of Pakistani and Bangladeshi children in the UK are being brought up in families that are living on poverty-level income.

The report, issued by Millennium Cohort Study, which is tracking children born between 2000 and 2002, has found that 73 per cent of the Pakistani and Bangladeshi seven-year olds were in families estimated to be living on less than 60 per cent of the average national household income.

Just over half of the black children (51 percent) in the Millennium cohort were in such low-income families, compared with one in four white (26 percent) and Indian (25percent) children, said an official press release.

"Predictably, low income was strongly linked to joblessness among parents, say researchers at the Institute of Education, University of London, who collected information from almost 14,000 families in England, Scotland, Wales and Northern Ireland in 2008/9."

According to the report, among fathers, Pakistanis and Bangladeshis had the highest unemployment rate (15 percent) – well above the UK average of 6 per cent. Unemployment among black fathers was also high (11 percent) but Indians were less likely to be unemployed (4 percent) than whites (5.5 percent).

Almost two-thirds (64 percent) of white and Indian mothers had jobs, compared with half (52 percent) of black mothers and only 17 per cent of Pakistani and Bangladeshi mothers.

A much higher proportion of children in lone-parent families (63 percent) were living below the study's poverty line than those with married (16percent) or cohabiting (30 percent) parents.

"The incidence of income poverty for the Millennium cohort families has not changed appreciably over the first seven years of the children's lives," says Professor Heather Joshi, the study's director.

"Despite government efforts to eradicate child poverty almost three in 10 children are still in poor families at age 7. It's particularly disappointing that around one in five seven-year-olds is in severe poverty – on incomes below half the national average."

The findings appear in a report published today by the Institute of Education's Centre for Longitudinal Studies: Millennium Cohort Study, Fourth Survey: A User's Guide to Initial Findings. Copies of the report can be downloaded here.

British National Party

Overall Picture of Indian Hindus living in UK is as below: :thumb:

=> Indians account for 20% of Britain's ultra-rich club - Hindustan Times

here we find around 9% Indian households are work less, as below :ranger:

http://www.irr.org.uk/