MIGRANTS TAKE LESS HOME

How the financial crisis from 2008 has hit many industries hard, in fact crippling some and forcing others to retrench or downsize?

How a financial crisis might completely change the thinking of global strategists in individual companies and in foreign governments?

Rethink what they previously assumed to be long-view growth patterns in terms of

international strategy and global network structure

AIM: - Develop an Argument!!!

Name: - Pyara Singh, 01 Wife, 02 Kids, 02 Acre land – Giljian, Jalandhar, Punjab

Profession: - Cook at Pizezeria, Hamburg, Germany14 Years, 6 Euros an Hour (nearly Rs. 400/-)

1,200 Euros/month, 500 Euros/monthIn Germany

In India

Giljian, Jalandhar, Punjab

300 Homes, Each home one abroadGood houses, Best carsUS, Canada, UK, Germany, Italy, France & Belgium

Nakodar – All bank branches in single street.

In 2008, nearly 8 Million Indians work abroad – Top recipient of migrant remittances (WB).-Spending pattern

- Consumer goods- Land/Property- Building houses(IMF)

Out of 1/3 of 25 Million Indians abroad – 8 million are Punjabis

Reasons – Fertile land, Bigger families, Divided lands, Smaller plots, lack of Industry

Outbreak of Sikh militancy (1980s)

During militancy – Shiploads of Punjabis moved to unknown countries.

Punjabis – Join Army or Abroad

Punjabis – Hard workers, Adaptable.

Settled in 67 Countries.Farm handsAttendants

CabbiesRun Stores

“NO STATUS”

6-8 SHARE A SMALL APARTMENTEAT BREAD & TEA

SAVE THE MAXIMUM AND SEND HOMEPUNJAB RECEIVES 150-160 M$ EVERY YEAR

Because of Economic melt down@ Job losses@ Dwindling business@ Less money, Empty markets@ Banks stagnated, Flights cancelled@ No business transaction@ NRI visits cancelled, Traffics reduced@ all reduced to 30% of actual

ARGUMENT

NRI – PunjabisBanks – Punjab

Business/money transactionsContingent approach of strategies

AwarenessFlexibility in the long-run

THANK YOU