Addressing reporters alongside visiting German Chancellor Olaf Scholz on Friday, Prime Minister Narendra Modi announced that Germany has decided to raise the annual visa quota for skilled Indian professionals from 20,000 to 90,000. While this fourfold increase will enhance economic and professional ties between the two countries, the move is also designed to make up for labour shortage that Germany might be facing owing to an ageing population. In 2014, around 27% of the German population was 60 and above, a number that is expected to touch 35% by 2030, as per statistics. The increased quota will come in handy in labour-intensive sectors such as nurses and elderly care, childcare, truck drivers and middle-level jobs in the engineering and IT sectors. Talking to reporters in New Delhi later in the day, visiting German Foreign Minister Annalena Baerbock said, “In Indian society, there are so many young skilled people driving the labour market. In Germany, we need labour. This could be a win-win situation for the people in India and Germany.” According to the latest figures …