Indian professionals much in demand in Singapore, number doubled from 13% to 26%, reveals data
The lure of greener pastures has been prompting an increasing number of Indians to shift bases to Singapore.
According to estimates, the number of Indians has doubled from 13 per cent to 26 per cent in Singapore.
According to a senior minister, the said number increase was detected between 2005 and 2020.
He attributed the rise in their numbers to the global trend in the demand and supply for tech talent.
This is , however, not because Indian nationals are given ‘favourable treatment.’
The lockdown period has seen Singapore’s economy slowing down. As job losses mounted, the locals blamed that the Comprehensive Economic Cooperation Agreement ( CECA), a free tade agreement signed in 2005 between Singapore and India—is letting Indian nationals into Singapore to scout for more jobs from locals.
According to Manpower Minister Tan See Leng, the proportion of employment pass (EP) holders in Singapore who are Indian nationals has doubled from 13 per cent to 26 per cent between 2005 and 2000.
The increase was driven by the rapid growth of Singapore’s digital economy and finance. Trends in the global demand and supply for tech talent have prompted the tendency.
