The 10,000 Mile Move: Relocating to India - Part 4
Sanjay Kumar Sampath
Chemical Engineer | MBA Finance | Environmental Expert | Sustainability Expert | Startup Entrepreneur | Management Consultant | LinkedIn Top Writer | Geopolitics Expert | Early Stage Investor | Cricket Enthusiast |
Preparations for Indian Families Relocating Back to India
Relocating back to India after a significant period of time in the United States can be a challenging process. This essay discusses the mental preparations that Indian families, who have lived in the US for varying durations, need to make before moving back to India.
1. Building Consensus within the Family
For families that have recently relocated to the US, the decision to move back might be easier as they are likely still connected to their roots in India. Open discussions about the pros and cons of moving back can help build consensus.
Families that have lived in the US for a longer period might find it more challenging to reach a consensus. It’s crucial to involve every family member in the decision-making process, considering their personal and professional commitments.
For long-term residents, the decision to move back can be even more complex, especially if their children have spent most of their lives in the US. It’s essential to consider everyone’s feelings and apprehensions about the move.
2. Cultural Differences
India’s cultural landscape is vastly different from that of the US. Families need to mentally prepare themselves for these differences, which can range from social norms to lifestyle changes.
3. Rapid Development in India
India has made significant strides in various sectors over the years. Families need to research and understand the current socio-economic landscape of India, which might be different from what they left behind.
4. Career Opportunities
India’s booming economy offers numerous career opportunities. However, the work culture can be different. Families should consider these factors when planning their move.
5. Impact on Children
Children who have grown up in the US might find it challenging to adjust to life in India. Families should consider the impact on their education, social life, and overall development.
Mitigating Challenges
1. Open Communication
Open and honest communication within the family can help mitigate many challenges. Discussing fears and expectations can help everyone prepare mentally for the move.
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2. Research and Preparation
Understanding the current scenario in India, from the job market to the education system, can help families make informed decisions.
3. Professional Help
Seeking help from professionals, such as relocation experts or counselors, can provide valuable insights and make the transition smoother.
Moving back to India after living in the US for a significant period can be a major decision for a family.
As a professional that is starting up a company in this field, here are the things I consider the most important things all families should discuss and consider at least 2 years before the planned move:
1.???? Understanding Individual Status: Evaluate the citizenship and residential status of each family member. This could affect various factors such as rights, duties, and tax implications.
2.???? Important Documents: Gather all important documents such as visas, employment letters, residential agreements, medical and dental records, marriage or birth certificates, and bank account statements.
3.???? Passports, Visas, & OCI: Ensure all passports are up to date. If you have children or family members who are US citizens, consider getting them Overseas Citizens of India (OCI) visas.
4.???? Bank Accounts: Identify which bank accounts to close in the US and which to open in India. Consider keeping some accounts open in the US or opening accounts with a global bank that has branches in both countries.
5.???? Credit Cards, Loans, and Taxes: Wrap up any loose ends when it comes to credit cards, loans, and taxes with the IRS.
6.???? Accommodation in India: Discuss where you will live in India. Consider factors like proximity to work, schools, healthcare facilities, and social infrastructure.
7.???? Employment: If not retiring, consider the job market in India for your field of work. You may want to secure employment before moving.
8.???? Children’s Education: Research the education system in India and consider how the change might impact your children.
9.???? Healthcare: Look into the healthcare facilities available in the city you plan to move to in India.
10.? Lifestyle Changes: Discuss the potential lifestyle changes and cultural adjustments that might come with moving back to India.
Remember, this is a significant decision that requires careful consideration and planning. It’s recommended to consult with professionals, such as accountants and tax consultants, in both the US and India for personalized advice.
Conclusion
In conclusion, moving back to India after living in the US requires careful consideration and mental preparation, well in advance of the move. By understanding the challenges and finding ways to mitigate them, families can ensure a smooth transition back to their homeland.
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