The Scheme offers 3,000 places annually to 18–30-year-old degree-educated Indian nationals to come to the UK to live and work for up to two years
The UK-India Young Professionals Scheme that will provide 3,000 places annually to 18–30-year-old degree-educated Indian nationals to come to the UK to live and work for up to two years is a result of the huge financial contribution the Indian diaspora is providing to the UK economy, according to a report in the Express Tribune.
Foreign affairs expert Shazia Anwer Cheema in her article, “UK-India young professionals scheme”, points out that a report prepared by Grant Thornton’s South Asia Business Group in February 2020 claimed 654 Indian diaspora-owned or diaspora-led companies had a combined annual turnover of at least £36.84 billion.
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Over 50% of the Indian diaspora in UK held degree-level qualifications while 40% worked in managerial and professional occupations
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16% were in financial services, engineering and manufacturing, tourism and leisure, energy, and natural resources
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According to estimates, over 30% of Indians who completed their education in the UK had opportunities of having foreign and national scholarships for their higher education abroad
Their contribution was more than £1 billion in corporation tax and they had invested around £2 billion through capital expenditure in the UK. The report also claimed that these companies provided around 174,000 jobs annually.
Cheema also wrote that over 50% of the Indian diaspora in UK held degree-level qualifications while 40% worked in managerial and professional occupations. 16% were in financial services, engineering and manufacturing, tourism and leisure, energy, and natural resources. According to estimates, over 30 percent of Indians who completed their education in the UK had opportunities of having foreign and national scholarships for their higher education abroad.
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