However, around 60,000 Indian professionals returned In 2010 and reverse rain drain seems to be the silver long on the cloud. It Is because though the global economic meltdown caused an upheaval In the western countries, India withstood the trauma and Is still growing at 6 per cent GAP growth rate. Abound with challenging Jobs, attractive pay packages and an equally good lifestyle, India Is succeeding In bringing back the great minds. The US economy had been reaping huge benefits from the migration of tens of thousands of talented Indians who have settled in the country.
However, with a reverse brain drain in recent times, India is gaining and will continue to gain in the Eng term by leveraging this pool of highly educated and skilled workers who also have the western experience. It’s been noted that almost half of the start ups in the Silicon Valley are headed by immigrants. Intellectual capital in the form of knowledge of western markets and management techniques has been flowing in. These returnees also possess the essence of the country culture and some experience about the prevalent mindsets.
They either Join corporate or make their own start ups thus making the economy more competitive. The foreign experience that they earned also helps them to capitalize on the untapped market and earn better remuneration. The play ground will be level as hundreds of companies are started which provide equal or better opportunities than that available in the western companies. The growth of domestic industries and foreign investments has helped the country to resist the meltdown that has badly affected most of the developed countries.
Like everyone else, Mahayana Seriatim left India for US to get a broader world view. He left a job at Google to return and start his own company Greenish Planet which manufactures solar power lamps for rural India. Evades Imitate, after studying at the London Business School, is now a partner at the Iambi branch of Hollered & Struggles. Kanji Shah, studied Design In Atlanta, worked In New York, now owns her company Big Red Tent with his husband which Is trying to broaden the appeal of weekend camping in India.
All such ventures create thousands of employment opportunities and compete effectively In World market. With Indian’s economic might rolling, expatriates are coming back In Increasing number and In the process It seems that the pastures for them are greener In India now. Reverse Brain Drain By semiquavers chime India is on the brink of an economic upturn as the phenomenon of brain drain has many as 100,000 professionals were heading to the US every year in search of a great career.
However, around 60,000 Indian professionals returned in 2010 and reverse brain drain seems to be the silver lining on the cloud. It is because though the global economic meltdown caused an upheaval in the western countries, India withstood the trauma and is still growing at 6 per cent GAP growth rate. Abound with challenging Jobs, attractive pay packages and an equally good lifestyle, India is succeeding in bringing back the great minds. Job at Google to return and start his own company Greenish Planet which London Business School, is now a partner at the Iambi branch of Headrace & Struggles. Kanji Shah, studied Design in Atlanta, worked in New York, now owns her company Big Red Tent with his husband which is trying to broaden the appeal of opportunities and compete effectively in World market. With Indian’s economic might rising, expatriates are coming back in increasing number and in the process it seems that the pastures for them are greener in India now.
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