Donald Trump’s rise, fall in oil prices hit foreign job prospects for Indians

Job opportunities abroad plummeted in 2016, recruitment and remittances data show, projecting an employment crisis brought on by upheaval in the oil economies of Gulf countries and rising protectionism in the West.

The year saw a 33% fall in Indians getting jobs in the six Gulf countries — the destination for 90% of Indians emigrating for blue-collar jobs.

It also saw the rise of political and economic conservatism, with nations such as the United States and Australia deciding to put up protectionist curbs in skilled sectors such as software. Read more…