Nearly half a million Indians migrated to OECD countries in 2021: Report

Subject :Economy

Section: External Sector

Context:

The ‘International Migration Outlook 2023’ is released.
Colombia introduced a bill to recognise climate-induced displacement, the first of its kind in Latin America.

Details of the report:

Report released by: Organisation for Economic Co-operation and Development (OECD).
India saw the highest migration flows to OECD countries in 2021 and 2022. Though the number of new migrants from India has dropped by 15% compared to 2019.
India replaced China as the main country of origin of new migrants to OECD countries in 2020. In 2021, for the second consecutive year, India, with 0.41 million new migrants, was the top country of origin.
China at second (0.23 million new migrants) followed by Romania (200,000 new migrants).
0.13 million Indian citizens acquired the nationality of an OECD country in 2021.
In terms of workers, migration flows from India (+172 per cent), Uzbekistan (+122 per cent) and Turkey (+240 per cent) rose sharply.

OECD:

Founded in 1961
Member: 38 countries.
It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members.
The majority of OECD Members are high-income economies ranked as “very high” in the Human Development Index, and are regarded as developed countries.
Their collective population is 1.38 billion.
As of 2017, OECD Member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP (Int$54.2 trillion) at purchasing power parity.
The OECD is an official United Nations observer.

Source: DownToEarth