Emigrating from India to Germany: A Comprehensive Analysis
Deciding whether to move from India to Germany for a job opportunity involves several factors. Here’s a breakdown to help you evaluate your situation:
Salary Comparison
Current Salary in India: 18 LPA (Lakhs Per Annum) INR is approximately 1,500,000 INR.
New Salary in Germany: 61,000 Euros per annum. As of the last update, the exchange rate was about 1 EUR 90 INR, although this can fluctuate.
Converted Salary: 61,000 EUR * 90 5,490,000 INR per annum.
Cost of Living
Frankfurt Cost of Living: Frankfurt is one of the more expensive cities in Germany. Housing, transportation, healthcare, and groceries can be significantly higher than in India.
Housing
Renting a decent apartment in Frankfurt can cost anywhere from 1,200 to 2,500 EUR per month, depending on the area.
Healthcare and Insurance
Germany has a high-quality healthcare system, but you will need to pay for health insurance, which can be around 300 to 500 EUR per month for a family.
Quality of Life
Education
Although your children are not in school yet, Germany has an excellent education system. Public schools are free, and there are also international schools if you prefer a different curriculum.
Work-Life Balance
Germany is known for its strong work-life balance with regulated working hours and generous vacation policies.
Cultural Experience
Moving to a new country offers a rich cultural experience for both you and your family. Germany boasts a diverse society and a rich history.
Visa and Immigration
Visa Requirements
Ensure you understand the visa process for working in Germany. Typically, you will need a job offer and may require a work visa.
Language
While many Germans speak English, learning German will significantly help in daily life and integration.
Family Considerations
Spouse Employment
Consider your spouse's career opportunities in Germany. The job market may be different, and language skills can play a crucial role.
Childcare
Since your children are not in school yet, look into childcare options, which can also be expensive.
Financial Planning
Savings and Expenses
Calculate your potential savings after accounting for living expenses in Frankfurt. It's important to have a detailed budget plan.
Conclusion
If the salary adjustment compensates for the higher cost of living and you value the quality of life, education, and cultural experience that Germany offers, it could be a great opportunity for you and your family. However, make sure to do thorough research on living conditions, job markets, and potential savings before making a decision.