India Home To 2nd Largest Proportion Of Highly Paid Expats

NEW DELHI: India is home to the second largest proportion of high-earning expatriates in the world after China and ahead of countries like Switzerland, Russia and Hong Kong, says a HSBC survey.

According to the seventh Expat Explorer survey commissioned by HSBC Expat, 18 per cent of expats working in India draw a salary of USD 250,000 or more every year while in China 29 per cent expats earn a similar annual salary. The proportion of expats drawing similar salaries is 17 per cent in Switzerland and 16 per cent each in Russia and Hong Kong.

"India as a country offers exciting career opportunities for expatriates who have the right skill-set and global experience," HSBC India Head of Retail Banking and Wealth Management, Sanjiv Sud said. "With robust GDP growth projections, multinationals setting up shops here and Indian corporates hiring overseas talent to lead their businesses, the country will continue to offer lucrative career prospects to expatriates," Sud added.

Expats in India also report greater savings on everyday expenses and have substantial disposable income when compared to their home countries, the survey says. Expats in India spend less on utilities (43 per cent), groceries (42 per cent), clothing (42 per cent), healthcare (41 per cent), housing (40 per cent) and household goods (40 per cent), the survey revealed.

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