As US firms cut foreign hires, Indian, Chinese students plan returnMarch 19th, 2009 - 1:57 pm ICT by IANS
By Arun Kumar
Washington, March 19 (IANS) A large number of foreign students, particularly from India and China, are planning to return home as they fear that they will not be able to find a job in the US upon graduation, according to a new study.
Another key impetus behind students’ intentions to depart is their growing belief that the US economy will lag global growth rates in the near future, according to the study by Duke University professor and Harvard researcher Vivek Wadhwa for Kauffman Foundation.
- A significant majority of foreign students - 85 percent of Indians and Chinese and 72 percent of Europeans - are concerned about obtaining work visas.
- 74 percent of Indians, 76 percent of Chinese and 58 percent of Europeans also are worried about obtaining jobs in their fields.
- Chinese students, in particular, strongly feel the best employment prospects lie in their home country - 52 percent said their home country has the best job opportunities versus 32 percent of Indian respondents and 26 percent of Europeans.
This contrasts starkly with the beliefs of most skilled immigrants in the 1980s and 1990s that the best opportunities were in the US.
More respondents are more optimistic about their home country’s economic future than the US’.
Only seven percent of Chinese students, nine percent of European students and 25 percent of Indian students stated they believe the best days of the US economy lie ahead.
Conversely, 74 percent of Chinese students and 86 percent of Indian students feel the best days for their home country’s economy lie ahead.
A large percentage of respondents have entrepreneurial hopes; 64 percent of Indian, 66 percent of European and 68 percent of Chinese students indicated they want to start a business within the next decade.
For Indian and Chinese students, the majority (53 percent and 55 percent respectively) hope to start businesses in their home countries. Only 35 percent of European students wish to open a business in their home country.
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