Gulf Crisis - Job Lost Indians Returning Home from Middle East Countries – Good or Bad for India and Indians?

About7 million Indians work in the middle east countries, most have been laid off.

Most of the Gulf countries are struggling with the oil price collapse. So, the Middle East is finding alternative ways for survival. So, they are on the go to implement taxes, levies and increased fines, license fees etc.

This is causing price hikes of all the products, food items, services etc. including petrol.

Such implementations are leading to the increasing cost of living in Gulf Countries.

And ofcourse the traders, business people etc. are losing the profit margin in their business and they are forced to terminate 20% to 40% employees as their cost management plan.

This type of situation is reminding the crisis aspects of the 2008 global financial crisis.

Lots of Indians who returned from Gulf admits that the reasons they faced with a pay cut and the increased living cost become unaffordable.

The entire working atmosphere and working conditions became very bad after the oil crisis hit construction. Most companies could not sustain theirbig work force.

So, big percentages of Indians already returned and more and more are being forced to return to the home country.

Now the question is, this trend is good for India?

As the most promising and fast developing country in the World, India now is moving to a stabilised economic situation after demonetization, GST implementation etc.

In the present situation the bulk return of NRIs with best professional capability and experiences will be definitely an advantage for India. Only issue is that there should be a best effort to rehabilitate the returned them properly. Most of the state governments and banks have been extended good support for this.

Half of the Gulf returns are interested to do Job and half interested to start a good business.

The present condition of India is very much promising for starting business and finding the proper, profitable, riskless business is the important task.

There are lots of options, in which surely the Lallabi.com Business Options provides good futuristic business growth with its innovative concept “Low Investment – High Income”. For more details, please visit https://lallabi.com