**India Scenario** India - Brain Drain Good – Economy
Impact Turn: Brain Drain good for India’s economy
Times of India ‘10
(The Times of India: Business, December 2, 2010 “India converted 'brain drain' into 'brain gain': PM” http://articles.timesofindia.indiatimes.com/2010-12-02/india-business/28260158_1_brain-drain-brain-bank-brain-gain 7/8/11 BLG)
NEW DELHI: Prime Minister Manmohan Singh on Thursday said India has overcome the problem of 'brain drain' and is drawing on the global 'brain bank' of people of Indian origin.
"Today, we in India are experiencing the benefits of the reverse flow of income, investment and expertise from the global Indian diaspora," he said at the Hiren Mukherjee Memorial Lecture in the Parliament House.
Welcoming the renowned economist Jagdish Bhagwati, who delivered the annual lecture, Singh said that the problem of 'brain drain' has been converted into an opportunity of 'brain gain'. "We are drawing on the global 'brain bank' of people of Indian origin world wide", he said, adding Bhagwati was one of the shining stars of that community of global Indians.
India - Brain Drain Good – Technology
Indian engineers in the US get drawn back to India due to a technological revolution
Ahmed, BBC News Correspondent ‘10
(Zubair, BBC News:South Asia “US 'reverse brain drain' to India now in full swing” http://www.bbc.co.uk/news/world-south-asia-10614936 7/8/11 BLG)
Years ago, the Silicon Valley beckoned the best IT minds from India. But the exchange of ideas and innovations after nearly two decades has reversed the trend. The charm of the US is wearing off. India's own Silicon Valleys are now at the forefront of innovation and they are attracting its shining lights back home from the US. There was a time when nearly 90% of graduates passing out of the prestigious Indian Institutes of Technology (IITs) headed to the West. But not any more.
Vinay Bapna, one of the early returnees, works and lives in Bangalore but carries mobile phones for both India and the US.
Some Indian IT companies now have better opportunities than the US
He called me back from his US phone to tell me firmly that it was the right decision to go back.
"It's exciting to be part of the technological revolution taking place in India," he said.
Harvi Sachar runs a trade magazine, called SiliconIndia, in Santa Clara and organises a job fair every year.
He says those who want to go back to India come to the fair from all over the US.
"This year around 400 IT professionals came and more than a dozen companies attended to fish for the best talents." And Nidhi was one of them.
The demand for talented and US-experienced personnel is so high that Mr Sachar has had requests pouring in from Indian companies.
"There is a shortage of experienced people in the growing Indian IT industry. So it's easier for the candidates to go back with an offer in hand. I think they get better jobs there and the companies get experienced people. So, it's a win-win situation for both parties," Mr Sachar said.
India - No Impact – Brain Drain Normal
Many Indian scientists are part of the brain drain now
Sen, professional blogger, webmaster and internet Marketer, 08
(Uttoran, Tech Nascent: Tech News, 10/20/8, “Technology in India – Massive Brain Drain”, http://technascent.com/technology-in-india-massive-brain-drain/, accessed 7/5/11 BLG)
With a sound educational infrastructure in place, India has no problems in meeting the demands of this technology driven industry. Medicine is also a field where Indians are quite advanced and are on par with developed countries in most segments in this filed. Indian hospitals and doctors are state of the art and it comes as no surprise that, medical tourism is on the rise because of the professional and competent staff and facility sand also because of the low cost involved. These days it’s become the norm for many patients from advanced nations to come to India for treatment making use of the facilities offered here. Apart from all these, India has progressed in all technological areas with most of the development made in-house and also investment into research and development has gone up many folds indicating our self-sufficiency and also the need to constantly update ourselves to be on par with the rest of the world. All this have taken place and is continually taking place in spite of massive brain drain out of India, with a significant percentage of skilled and competent Indians vying for greener pastures overseas. If all these resources were tapped into, also with an increase in state funding into technology research and development, we can say, sky is the limit for India and the possibility of India being a technological superpower cannot be too far ahead. An economically, militarily and technologically strong India is definitely good not only for its own people but also for the whole world.
India - No Impact – Economy Resilient
No Impact- India’s economy is resilient
Chopra, freelance reporter ‘11
(Anuj, July 10, The National “India reverses its brain drain” http://www.thenational.ae/thenationalconversation/industry-insights/economics/india-reverses-its-brain-drain?pageCount=2 7/10/11 BLG)
Asian economies such as India and China are emerging as the salvation destination not just for people who originated in those countries but also for foreign nationals.
The proportion of graduates of premier US business schools such as Wharton and Kellogg who are tapping jobs in Asia grew from 5 per cent four years ago to more than 10 per cent last year. In recent years, India has offered new opportunities of wealth creation. Even though the country's GDP is barely 2 per cent of the world's, it has nearly 7 per cent of the world's more than 1,000 dollar billionaires.
A tenfold increase in per capita income by the year 2039 from the current level of more than $1,000 is forecast if its economy continues to expand at the current annual pace of about 8 per cent, says Kaushik Basu, the government's chief economic adviser.
The global human resources consultancy Aon Hewitt said in March that employees in India would see a 12.9 per cent increase in salaries this year, higher than last year's increase of 11.7 per cent, despite looming high inflation and growing fears of an economic slowdown. This growth rate, which is led by the engineering services sector, is the highest in the Asia-Pacific region, followed by China (9 per cent) and Philippines (7 per cent).
"The rate of India's salary rise is likely to be among the highest in the world as companies grow fast and domestic consumption rises due to good economic growth," says Nitin Sethi, an executive at Aon Hewitt in India. "Investment in infrastructure, continued momentum in services and efforts towards fiscal consolidation are adding to the optimism."
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