‘Brain gain’ for India as elite return
Inevitable...
Indian politicians are beginning to highlight, approvingly, the emerging phenomenon of ‘brain gain‘, as large numbers of Indian-born executives decide that job opportunities and living conditions are as good, if not better, in India and make their way home…
A survey published last week showed that graduates from India’s most prestigious universities, the Indian Institutes of Technology (known as IITs), increasingly see India as the best place in the world to base themselves. Until about five years ago large numbers of these elite graduates would abandon home at the first opportunity to take up well-paid jobs or to continue their education in the US and Europe.
The Indian government does not compile figures of the numbers of people emigrating or returning, but Alok Aggarwal, chairman of Evalueserve, who wrote the report, said the trend of returning Indians ’seemed to be very strong’. The pull of the West remained powerful for many Indians, he said, ‘but at the very top level of graduates, the smart choice now is to stay’. The flow of reverse migration has been particularly striking in the southern Indian IT city of Bangalore, where research published last year estimated that more than 40,000 Indian technology professionals had arrived back from the US and the UK to take up work.
The next question, of course, is will India accept out-of-work American IT graduates as migrant labor?
Posted: Sun - April 20, 2008 at 10:46 AM