India has been ranked as one of the top ten destinations in the Family league table according to the 2015 HSBC Expat Explorer survey. From the survey, where 21,950 respondents took part, 61 per cent of the expats in India reported greater savings since moving to India, a figure next only to countries like Vietnam, China, Malaysia, Indonesia and at par with respondents from Hong Kong as against a global average of 52 per cent.
While the global annual average salary for expatriates stood at US$104,000, the corresponding figures for the expatriates in the Asia Pacific was found to be significantly higher at US$126,000.
About 24 per cent respondents from India also say they can afford additional property as a result of moving, while the global average is 17per cent.
Expats (58 per cent) in India also report greater disposable income since moving to India. Among important parameters to consider while deciding to move to a new country, the ability to save more, having higher disposable income or the capacity to acquire additional immovable assets like real estate property are undeniably the deal makers.
“Most of the corporates who bring in expats provide extensive support to them. Not only do that cover the entire relocation and associated cost, but sometimes offer additional allowance,” Nishat Inamdar, National Manager of Crown World Mobility said. “During an assignment, the company will take care of the accommodation, transport and utilities, this all leads to substantial savings for expats during their assignment in India.”