Tag Archives: r2i

Misplaced Nostalgia

He was twenty-eight when he left India. Since he was a little kid, he always wanted to go abroad,  just like every other kid in his town.

The culture, the people, the society, and the way everybody was …… everything was different, very different. The life in California was not what he had imagined, but he adapted.

It was a big adjustment over the years, many compromises at every turn. In spite of all that, he did not complain much; after all this was his own decision – going abroad.

All those days, all those years  in America, he felt homesick; he missed the life he had left behind. The childhood memories, the old friends, the open fields – he often day-dreamed the life that used to be.  At times, he felt empty inside. He wished he could go back; go back to his real home, his real life.

The recession came; he lost his job – the high paying engineering job he had taken for granted. He looked for another job, half-heartedly; no luck. Perhaps he was secretly wishing not to work in US anymore.

“May be this is a sign from the God! My be I belongs back home – in India,” he thought, he rationalized. “My own people, my own culture, my own skin tone, my own mother tongue – that is my place; that is where I should be!” The recession made it easier for him to decide – it was time for him to go back. It was time to cure his nostalgia permanently. Continue reading

INDIA CALLING – US Job Fair 2010

This is a guest post submitted by Rahul Ghandi on behalf of Shine.com and Hindustan Times, the organizers of a Job Fair for NRIs aspiring for career opportunities in India

India has a multi-dimensional economy growing on all fronts, including the knowledge base. Intellectually, India represents one of the most stimulating environments. As many as 60,000 Indian professionals working and settled in USA have returned to India in the last year.

The set of challenges and opportunities are becoming very mundane in the developed countries abroad. For those in higher management positions, India offers career advancement and provides opportunity to gain multi faceted experience. Obviously, this is an attractive proposition for NRIs who want to grow in terms of their experience and overall career advancement.

The global recession over the recent years has affected most of the developed countries, while India shows no signs of major slowdown. During this recessionary phase , there is definitely an upsurge in reverse migration to India. Many employees in leadership positions are coming back to India from markets like US, Hong Kong and Singapore. All of this is set off by the improving infrastructure facilities in India and the maturing market, which promises competitive and challenging career opportunities.

To help more home-bound NRIs realize their dream of a job in India, Shine.com is organizing a two-day Job Fair each in New Jersey and in Santa Clara, California. The Fair brings together the recruiters from India and potential NRIs looking for work. Shine’s India Calling – US Job Fair 2010 will be a unique opportunity for experienced professionals in the US who will be able to look at the suitable assignments in India in the field of IT, Research and Development, Finance, Infrastructure, Retail and Business Development. For recruiters it will be a great opportunity to bring home a high quality talent. So, it is a win-win situation for both parties – the NRIs looking for work as well as the recruiters. Continue reading

The Changes in India – An NRI’s View

An NRI’s perspective on the main changes in India

After a long time, I went back to India this summer. Everybody was warning me, “You won’t recognize your town.” … “Be prepared for a reverse culture-shock”…. “It is not the same India you left more than a decade ago.”

Even though the reason for my trip was family emergency, I was quite excited. My trip was short, only two weeks, but I was all looking forward to going places and visiting friends, families, old memories…..

Yes, I did see the new face of India; I did visit all of my old friends, all of my relatives and neighbors, even though I barely recognized half of them.

It was very hot for the month of May, but I spent everyday on the road – going places and meeting everyone I had intended to.

Not to disappoint anyone, I was not shocked or surprised after what I saw in my home-town or overall in India. May be because I was already warned. The main changes I noticed were:

Bigger houses and shopping malls everywhere: Almost every house has added one more floor/storey to their residence; or they have added adjacent rooms. That’s good, because it used to be quite crowded indoor before. It is still crowded for some reason even though there are more rooms. A lot more shops and malls add to the city life.

Traffic is crazier than ever: Once I started my Indian journey from Delhi airport, the sound of non-stop horns on the road was the first realization that I was home. The traffic is much crazier. The funny thing is that the drivers are much more aggressive, and still, they are always late to their final destination.

Everybody has two cell phones: I don’t get it, why you need two cell phones. The way my driver explained to me, “One is to talk to my family and friends, and one for others.” I still don’t get the ‘others’ part. Continue reading

Import of Gold and Silver into India by NRIs

Facilities on overseas assets for NRIs returning to India – Gold and Silver import

Below are the general guidelines on Gold and Silver import into India by returning NRIs including maximum limits, duty and other restrictions:

Import of gold by NRIS

  • NRIs can bring into India gold up to 10,000 grams as part of their baggage once in six months provided they have stayed abroad for a continuous period of six months.
  • The gold may be brought into India in any form, including ornaments (other than ornaments studded with stones and pearls).
  • NRIs are required to pay customs duty in any convertible foreign currency. Refer to the Export Import Policy of the Government of India for the latest rate in rupees per 10 grams of gold.
  • NRI can bring gold into India once in six months.
  • NRI should have stayed abroad at least for a minimum period of six months prior to his/her return to India for being eligible to bring gold.

Import of silver by NRIS

  • NRIs can bring to India silver up to 100 kilograms as part of their personal baggage.
  • Continue reading

Facilities on overseas assets for Indians returning to India

R2I facilities on overseas assets for Indians returning to India

Here are some key highlights of the Indian facilities related to overseas assets and financial situations for Indians returning to India:

Retaining assets abroad:

  • Effective 17th July, 1992, the Indian Central Government has granted exemption from the surrender requirement to persons who return to India after a continuous stay abroad of one year and above in respect of funds/assets acquired by them abroad otherwise than in contravention of FERA 1973 or out of foreign exchange earned through employment, business or vocation outside India taken up or commenced while they were resident outside India. Persons satisfying the conditions of general exemption can retain their foreign currency accounts within bank abroad and/or hold, transfer or dispose of their other foreign currency assets such as shares, securities or investments in business, etc. and immovable properties.
  • They are not required to obtain any permission from Reserve Bank for holding these assets.
  • They would enjoy complete freedom for utilization of these assets as well as income earned or sale proceeds received subsequently.
  • Continue reading

Happiness outsourced

His house sits in one of the most upper-scale and affluent residential area of Chicago suburbs. As I walked inside the double-door entrance with marble sidings, I quickly realized that the inside of the mansion is even more impressive and pretty that outside view. There are two separate staircases leading to the upper storey; there are multiple bathrooms on the main floor; the open ceiling concept has a catwalk that overlooks the family room; the kitchen alone is bigger than decent size luxury apartment…

If you look at the size of house, you would think that some millionaire lives here. Maybe, he is a millionaire; it is hard to guess his wealth out of his humble disposition and very friendly nature.

After a brief chit-chat, I asked him about his occupation. I knew he was not working much currently, but I was very curious to find out where he got the big bucks to build that big mansion.

“One second, be right back”, he briefly went into the kitchen and came back with two cups of hot tea – steam still floating over the edges.

“It was a good job, a very good job. Only 15 minutes drive from the house,” he reflected on his past occultation, the cup of tea resting on his thigh as he leaned back in the easy-chair.

For 15 years, I found out, Ramesh had worked for an electronics company as a quality controller. He does not have any special technical education –engineering degree or anything else of the sort.
“I started on the assembly line, but I was promoted to the supervisor within years”, there is a happiness in his voice as he walks down the memory lane.
“Everybody appreciated what I did for the company. I used to get letters of recognition all the way from Japan – our upper management headquarters.”
“So, what happened?” I asked curiously.
“Outsourcing!” he did not feel any further need to explain. But then, after a brief pause, he spoke with a sad tone, his voice lowered, “they did not need us anymore, they found cheaper ways to do what we did, in other countries!”
“Oh, I see!” I did not know what else to say.

For the past 4 years Ramesh has struggled to find a decent job. Most of the jobs that need his skills are outsourced. After trying for years, he gave up on the job market, and tried to do what one of his best friends does – real estate agent. Continue reading

R2I Surprises await the returning NRIs

Everyone abroad talks about r2i – returning to India. Sooner or later, every Indian settled overseas considers returning home. Regardless how much you plan and how much you look forward to it, the real life experience always brings its own surprises – good and bad ones.

Most of the NRIs romanticize about the life in India. However, those returning to India have their own complaints about life back home:

Traffic: After living in American or Europe for a long time, we get used to the smooth flow of traffic and the traffic rules. Don’t expect the same after r2i. There are just way too many cars and bikes on the road, compared to what we are used to abroad. And remember, the more aggressive drivers make their own traffic rules, most of the time.
Not the same old neighborhood: I wrote a full article on this recently, the home we left behind many years ago is not the same, neither is the neighborhood.

Kids hate it: many parents return to India to raise their kids in Indian culture speaking Indian language. However, the whole experience is very hard on kids. The language, the new place, the new surroundings, the power cuts, the crowd….the whole thing overwhelms them. They like India for vacationing, but forget the permanent living part.

Faded bonds of Family and friends: Many of us return home to be with family and old friends. However, once you go back, it does not feel like the good old days. Everybody is on a different wavelength; they have their own lives to live. Continue reading

NRIs’ misplaced nostalgia of good old days

If you listen to the first generation of Indian Americans abroad – especially those who migrated long time ago – they paint a very bright and picture of their past memories of India:

“Those were different days – happier times. We never cared much about anything – anything but friendship and good company. The schools were parties – a meeting place where all the good and bad schemes were hatched…”

“All summer we played cards under the big shade tree next to the pond….And, when we got bored of cards, we played marbles, or took a nap on a cot. No air-conditioners could compete with the monsoon soaked eastern breeze of summer days. Those were the days….!”

The first generation of immigrants misses the homeland of India more than anything. In most of the week-end parties or social gatherings, talking about good old day is one of the common topics. The nostalgic discussion intensifies after a few drinks. The memories of childhood, the growing up, the friends back home, the food, the aimless wandering…well, there is no end to the journey down the memory lane, the memories of past left behind..

Yearning for the past is a human nature. We always cling to the memories of yesterdays. Regardless where we live, the nostalgia is nothing more than trying to hold on to the past. The past is not easy to let go, even though we all talk about moving on. Living abroad just adds one more dimension to all this – the living in the past. Continue reading

Why do NRIs return to India?

Main R2I (Return-to-India) reasons for NRIs abroad

Over the years, a reverse trend is starting to take shape. More and more overseas NRIs are returning home, and others are considering the option. The reasons for R2I – return to India – vary from personal to business to emotional; some of the main ones are:

More job opportunities in a booming Indian economy: As Indian economy keeps on growing, year after year; there are more opportunities available in India compared to old days. The IT field continues to expand, creating demand for international professionals. The economic revolution that started in 1991 has reformed India into one of the major players on the world stage.

Slow down in America and other developed countries: The global markets are going through some of the worse economic recessions of all times. The unemployment in USA is at its highest in many decades. The bleak outlook in job markets and uncertain future abroad is one of the reasons for many immigrants to consider returning home.

Going back ‘Home’:The sense of belonging makes a big difference when deciding on the future path. It feels good to be back and going back to the roots - being a part of our own culture, our own society is a major psychological boost. Continue reading

Paradigm of a promise- NRIs’ promise to return to India!

NRIs Abroad – An unfulfilled promise to go back to back to India

“So when are you coming back?” is a common question that everyone asks when you are getting ready to leave India to go abroad. Some ask it because they want to know your answer; others ask it because this is the common question for the time of departure. Without thinking for a second, the answer always is, “I shall be back soon, back for good in a few years.”
This is how the departure is justified; confirming that it is temporary, confirming that he or she will be back. This is not out of nowhere, the response is generally based on a promise that every NRI makes, the promise to go back home one day. This is not my promise or your promise, this is a promise that most of us make to ourselves when leaving India.  This is the promise that makes the circumstances of family separation tolerable. Continue reading