Should you move to India for jobs?

It is very difficult time for the students to find a job in the developed countries. Economy started collapsing since 2007 when the sub prime problem hit the US banks and then the high oil prices. A very large number of student go to USA, UK and Australia every year in the hope that they will finish their one or two years degree and find a "good" job. Very few of them have any idea what does it mean by a "good" job. Anyway they were able to find some well paying job in the recent past. The more people got jobs in these countries after the education, the more students started coming in. But suddenly the economic boom busted and this cycle of finding "good" jobs has disappeared all together. In reality there are no jobs for anyone with a degree in engineering or management or social sciences. Some of the jobs are there for mechanic and physical labourers but this is not these young students come to work for. Even the governments are not encouraging, if not discouraging, to recruit foreign workers.

On the contrary, companies in India are not doing that bad. Though the export growth has slowed in many sectors but domestic consumption is keeping the economy from shrinking. Reserve bank is still expecting over 5% growth for next year. That is impressive considering the global recession. There are news that the some of the companies in India have started laying off people based on the performance but that part of normal process. Some companies will take advantage of this time layoff the less efficient people. But most of the companies have not stopped recruiting though they are more cautious and selective in these times.

Some of the companies are planning expansion of their operations in India. Vodafone, Reliance and public sector companies are some of the examples. It will be hard to imagine that one can get job and the perks as expected but finding a job should be priority at the moment and with education in a developed country and proficiency in English language it should not be difficult. At the moment priority should be to earn some experience and improve domain expertise rather than wishing for good perks.

Other option is entrepreneurship. If you have an idea and wanted to work on that than this is an ideal time. There are very few jobs so it is hard that may like your work in a company so much that you can forget your idea. You have ample time and you can make best of it.