Risks for the Russian labor market: prospects for cooperation with India
The open portal Countercurrents.org (based in India) published the text of a joint article by Yevgeny Ivanov and Ashish Kumar Singh about new challenges for the Russian labor market.
The authors note that the labor force in Russia is declining. This is due to both demographic reasons within the country and a decrease in migration inflow from the countries of the former USSR. The states of Central Asia remain the main migration donor, but in some cases there is a downward trend, as well as the vulnerability of migration flows due to quarantine restrictions during the covid-19 pandemic and fluctuations in the ruble against the dollar, which is important for migrants' remittances.
In turn, India is one of the largest labor donors in the world. Russia may become a promising destination for Indians wishing to work abroad. However, due to logistical and other reasons, one should not expect a massive influx of Indians to Russia in the medium term. The most likely channel for attracting skilled labor from India will be educational migration. Having enrolled in Russian universities, some Indians may prefer to stay in Russia after graduation. Indians in Russia are willingly developing pharmaceutical production, showing interest in the IT sector and the space industry.
The full text of the publication can be found on the website at the link.