Of late, several Indian higher educational institutions have seen academicians joining them after working abroad. This, they say, is because the country’s rising position in the global arena led by rapid economic growth is making people who migrated rethink.
India’s is certainly the most vibrant growth story today among all major economies, and is likely to stay so in the foreseeable future as consumption increases and more global capital flows in.
Studies have found that 23,000 Indian millionaires have left India since 2014 and that nearly 7,000 millionaires left in 2019 alone, costing the country billions in tax revenue. Since 2015, nearly 9 lakh Indians have given up their citizenship.
India is hungry for top talent and needs to work on a policy that will make it easier for them to stay or come back after studying overseas.
During the airlift from Kabul led by the United States and other Western countries, people who had worked with the US-backed government as well as NATO forces were prioritised, along with anyone who had reason to fear the new Islamist regime.
"It's high time that our brightest and the best work for the benefit of India and Indians," RIL Chairman Mukesh Ambani said.
Government's efforts to stem brain drain in the country has yielded results with 1,264 doctors migrating to other countries in 2010 against 1,386 in 2009.