Saturday 8 April 2017

The Inter-Migration and Indian Economy

The Indian Economy has been changing drastically over the few years and when I am writing this blog, nifty has crossed 9000 levels and Sensex touched 30000 points.So over the past few years, what that exactly made our country apart is a relevant question. The major answers will be the newly elected Prime Minister of the nation.. or may be the attracting Indian market or even can be what we used to see as a dream is actually quiet working.


Through this blog, i am not pin pointing the reasons for the betterment of Indian Economy but a process that helped for the same. I named this blog as "Inter-Migration" because, this so called surprise of Migration was already happening in the background and may be we were not aware of  the intensity and how it helped to increase growth of our economy.

INTERNAL MIGRATION












These statistics are a bit old but it shows that the migration pace had good momentum and in a country like India, people were ready to move from their place of birth to other places. It is interesting to see that the reason for migration was not that forced. Some people were moving out permanently some other for temporary reasons and the whole shifting process of people is helping the country lots of ways. So as I said, the reason for migration was not forceful in nature, people in the country identified the opportunities awaiting in different parts of the nation and moved out from their birth places.

Work/ Employment factors being one of the major drivers of migration added up value whereas Business and Education where investing value for the country.  

1,338,783,343- Being the present Indian population, which is way ahead than 2001 population is pointing to the factor of increase in internal migration.



This is an excerpt from the economic survey 2016-2017.New estimates based on railway passenger traffic data reveal annual work-related migration of about 9 million people, almost double what the 2011 Census suggests

Let’s see an example.

In India, the students mostly migrated for purpose of studies where mainly for PG courses or for acquiring higher education or for research. At present, the fact is bit twisted. The need for migration for education was limited since IITs, IIMs, B-Schools, and many institutions which are specialised in nature are available in most of the states.  Apart from that increasing digital literacy and study from home is also making students acquire knowledge easier. Still the migration rate is increasing.

Why?
The answer is Simple. Value for Investment.
Students need value and they are keen to achieve the same. They need value for the money they spend and from being a student, they demand knowledge and experience. It is good for a country that people migrate internally for value and is helping in overall development of the country.

http://www.un.org/en/development/desa/population/publications/pdf/technical/TP2013-1.pdf

This is a report from the UN which gives more proof for the same. The number of people migrating within country is huge. Our migration is rising when we compare with other asian countries. Australia is one of the country where intensity is most seen. If we took the case of developed countries also the rate of migration is huge.

Migration of people is creating value and the scarcity of human skill and human resources are reduced. If i am not wrong, the number of people moved from northern part of India to southern had increased many times. Building works, workers for construction sites, likewise many jobs in southern India is done by north and western people of the country itself.

Migration Process and Indian Development

If we take the major sectors that contributed to Indian growth over the past many years, services has emerged as the main. 
http://statisticstimes.com/economy/sectorwise-gdp-contribution-of-india.php

If you visit the above link, the statistics of services to GDP of India can be seen. Services can be again be broke down into various kinds like.. 
Communication, financial services, hotel, transport, etc..
Many companies, state government, public enterprises are all using the advantage of skillful migrated people. A business process outsourcing or a company like Infosys will have diversified workforce all over from India.


We are in the middle of a time were resources are so abundant and for the development the needy thing is the people who can utilise it. So , this can again be viewed in another context that governments, or people who are against internal and external migration are actually doing a barrier to the same. Let us look the history, the migrants only brought variations which provided hybrid combinations of various products, services, ideas and what not.

Predictions
The Internal Migration in India is still a big topic to research. Agenices giving assistance to migration both in inter-nation and intra-nation basis are gaining importance. My blog about internal migration in India is a limited one. The whole process of migration is in its pace and intensity is still low,
Since India might cross the China in terms of population, my prediction is that Indian migration will intensify a lot more. There will be time when gaining right pace for safe and quality migration which solves a lot of problems like ageing population (even though our nation's average age population is still young), unskilled workforce and various organisational problems, The Cultural diversity will find a new dimension and the Hybrid nature will come into existence. In future, migration will be a lot easier process, since India is a free to travel anywhere country. 
Foreign nations who are putting lock for migrants is actually reducing their capacity itself. In this blog i have not talked much about external migration. But to a great extent internal migration complements external migration also.

So, while reading this blog am sure that some of you or your relatives are people who are enjoying a lots of benefits of migration.

Thank you.

Note: This writing is inspired from the talk of  Shri. Arvind Subramniam, regarding "Surprises of Indian Economy"

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