Between the devil and the deep sea

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As the recession clinches the Middle-East, India faces trouble as thousands of jobless people return home and overseas remittances plummet. TSI’s Anu Warrier reports

Prasad, 43, had been working in Dubai for the last 12 years. He started as an unskilled labourer and was a foreman in a construction company when he was fired from his job last month. Now he is back home with a title well-known to fellow Keralites – Gulf returnee. But Prasad or his family of wife and two children are anything but happy about his new title. “I have a lot of things to complete. Still I am in heavy debt as my house is under construction. Working all these years there, I just managed to marry my two sisters off to well-to-do families and purchase some land.

Construction of the house was underway when this happened. I don’t have any idea when the problems will end and when I will be able to go back. I have to fund the expenses for the studies of my children and our survival" he says, sitting in his house with an unfinished look at Parippally in Kollam district.

Prasad is not a lone figure. Upendra, 24, of Kudlu near Kasargod, Kerala, lost his job in Kuwait last month. Failing to find a new job, he returned home on January 24. Two days later, he was found hanging inside his house. It is said that the youth, who had given a huge amount to the agent who facilitated his migration to the 'dream world', had nothing left barring a list of debtors, whom he was hesitant to face.

Kerala's NRIs are facing the brunt of the global recession that hit the Gulf countries hard. In India's most literate state, the percentage of houses with an NRI is pretty high at over 24.5 per cent as compared to the national average of 11.9 per cent. Overseas remittances amount to more than 20 per cent of the net state domestic product. Moreover, over half of the deposits in the banks in the state belong to non-resident Keralites, better known as NRKs. Around 42 per cent of the NRKs work in the UAE, while 89 per cent of NRKs in all are working in the Middle-East.


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