Explained | How Germany wants to save itself by increasing visas for skilled Indians

Young educated Indians are striving to enter the labour market, while in Germany, there is a 'great need' of skilled workers, and it can be turned into a 'win-win-win' situation for both the countries and youth, German Foreign Minister Annalena Baerbock said on Friday.

Germany has decided to increase visas for the skilled Indian workforce from 20,000 to 90,000.

This announcement came on Friday after the Seventh Inter-Governmental Consultations with German Chancellor Olaf Scholz, where Modi said that India-Germany ties were a transformational partnership of two capable and strong democracies and not a transactional relationship.

"This is the right time to join India's growth story... India becoming a global trade and manufacturing hub," Modi said, adding, today India stands on strong pillars of democracy, demography, demand and data.

While this move will help elevate ties between the two countries, this is how Germany will benefit with India's workforce:

Young educated Indians are striving to enter the labour market, while in Germany, there is a "great need" of skilled workers, and it can be turned into a 'win-win-win' situation for both the countries and youths, German Foreign Minister Annalena Baerbock said on Friday.

As per a report in The Indian Express, around 27 per cent of the total population in Germany was above the age of 60 in 2014. It is expected that the number will touch 35 per cent by 2030. The increase in visa permits for Indians will enable the Europeans nation to carry out labour-intensive work.

German Labour and Social Affairs Minister Hubertus Heil has even said that those looking to work in Germany for a longer period of time will get preference in the immigration process, as he called India an "ideal country", that has a huge workforce, IE reported.

"India is an economic heavyweight with breathtaking dynamism - with many young, well-educated people striving to enter the labour market," German Foreign Minister Annalena Baerbock was quoted as saying in the statement.

(With PTI inputs)