• UGI USER
  • Jan 03, 2024
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GROWING MIGRATION CONCERNS

Why in the News?

  • Rising numbers of Indians, across social classes, are opting to migrate overseas.
  • Economic challenges, limited job opportunities, and perceived better prospects abroad contribute to this trend.
Source: ToI

Migration Dynamics:

  • From November 2022 to September 2023, a significant surge is noted in Indians attempting illegal entry into the US, highlighting the desperation.
  • Simultaneously, high-net-worth individuals (HNIs) are obtaining golden visas, with 7,500 leaving for foreign residence between 2014 and 2018.
  • Poor working conditions, lack of opportunities, and economic struggles drive the poor and middle class.
  • Fear of government scrutiny compels wealthy Indians to seek better living conditions abroad.
Golden Visa

A Golden Visa is a residency-by-investment program offered by various countries, allowing individuals to obtain residency by investing a significant amount in the country’s economy.

Typically, this involves real estate investment, job creation, or other contributions. It provides visa-free travel and a path to permanent residency or citizenship.