With economic gloom in the Western economies, hiring activities are in deep freeze. India being one of the fastest growing economies has now become a lucrative job market for many from the US and Europe. Increase in outsourcing and tax rates have further added to the woes for people in US and Europe. Headhunters estimate that there has been a 20 percent jump in expat hiring this year with as many as 40,000 expats working in various industries across the country. Besides being hired in the banking and financial services, automobile, pharmaceutical and retail sectors; domestic industries which do not have competencies e.g. alternative energy and complex infrastructural projects also hire expats. The pay packages are at par with industry standards and companies offer leadership position to experienced expatriates.