With India following in China's footsteps as an economic powerhouse, many Singaporeans have been relocating there, mostly to Chennai, Bangalore, Mumbai and New Delhi. In 2005, the Indian High Commission issued 60,000 business and travel visas to Singaporeans. A large number of Singaporeans based in Chennai consists mainly of businessmen. There are now about 500 Singaporeans in India for business purposes. It is estimated that the number of Singaporeans working in India has gone up by about 20 per cent annually in the last three to five years.
Students, too, have been flocking to India for internships. In 2007, 91 students from the Singapore Management University (SMU) migrated to India for such internships. Internships in India also made up more than one-third of all overseas internships at SMU.