Following the recent trade agreement between UAE and India which is expected to boost bilateral trade between the 2 nations to over $100 billion in the next 5 years, it has become all the more important to look at the long-standing relationship these 2 nations share. Today UAE and India share political, economic, and cultural links. There are over a million Indians in the United Arab Emirates, being by far the largest migrant group in the country.
The UAE recently recorded one of the most robust hiring booms globally, with hiring rates almost 36% higher compared to the last year, and the expanding digital drive coupled with the expanding startup incubation in the UAE, it has become an attractive destination for expatriates from all around the world to come and work. The UAE government’s initiatives in offering long-term residency visas for freelancers; as also its cost-effective and business-friendly packages for establishing startups are playing a big role in attracting talent and startup entrepreneurs from India.
The UAE continues to be a global talent magnet, ranking fifth in the world for total talent inﬂow after the US, the UK, Canada, and France. After the recent relaxations in the visa norms, it is evident, that the UAE government is making a strong push towards making itself a haven for top talent from all over the world.
India in itself is experiencing an upward hiring trajectory, with a record 22 percent year-on-year growth in June 2022 compared to last year. With the Indian economy growing steadily, the job market is also seeing a consistent uptick in hiring activity across key sectors and cities. This upward trend is a positive indication as a significant proportion of new job opportunities are being created for professionals across sectors and experience bands. India is home to a massive consumer base, and the working-age population is soaring. The global corporate arena is swiftly turning to the Indian talent pool due to several push-pull factors like problem-solving, digital literacy, relentless hard work, and the ability to adapt to new technology. Transition is the law of nature, and Indian talent has the potential to circumvent this global transition.