A recent study conducted by Punjab Agricultural University (PAU) has unearthed staggering figures related to migration trends in Punjab villages, with residents borrowing Rs 14,342 crore and liquidating assets worth Rs 5,639 crore between 1990 and September 2022 to pursue their dreams of emigrating to foreign countries.
Within the 32-year span studied, a remarkable 74% of migration activities occurred in a concentrated period of six years, specifically from 2016 to September 2022. This surge highlights a significant acceleration in emigration from Punjab during the recent past.
Majority of Emigrants Borrowed Funds for Overseas Aspirations
The study reveals that around 56% of the emigrants borrowed money to facilitate their migration plans. The borrowing spree underscores the financial sacrifices made by individuals seeking opportunities abroad.
Assets Disposal and Financial Borrowing as Facets of Migration Aspirations
During the examined period, 19.38% of migrants resorted to selling their land, houses, gold, or cars to finance their ventures abroad. This dual approach of asset disposal and financial borrowing showcases the lengths to which individuals are willing to go to fulfill their dreams of living in another country.
The study highlights a noteworthy trend in the recent surge of migration, indicating that a significant portion of the new wave of immigrants is comprised of individuals leaving the country by availing student visas. This underscores the evolving dynamics and motivations behind contemporary migration patterns.
While the financial aspects of migration involve substantial borrowing and asset disposal, the study reveals a poignant finding – the impact on family members left behind is more significantly felt in terms of loneliness and the neglect of elderly relatives. This sheds light on the emotional and social repercussions of migration beyond the financial realm.
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