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THE GREAT INDIAN BRAIN DRAIN.pptx

26 de Mar de 2023
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THE GREAT INDIAN BRAIN DRAIN.pptx

  1. • On October 3rd, 1965 US President signed the HART CELLER ACT , also known as IMMIGRATION & NATIOANLITY ACT. 1
  2. THE GREAT INDIAN BRAIN DRAIN 2
  3. WHAT IS BRAIN DRAIN? 3
  4. SURVEYS • According to the GLOBAL WEALTH MIGRATION REVIEW, 23000 Indian Millionaires had left the country. • 5000 millionaires or 2% of the total number of high net-worth individuals left the country in 2020 alone. • More than 1million Indian students are studying abroad. • ‘At 18 million , India has the world’s largest diaspora population.’ THE ECONOMIC TIMES|NRI. 4
  5. • UAE-3.5 MILLION • USA-2.7 MILLION • SAUDI ARABIA- 2.5MILLION • Followed by many other countries like CANADA, AUSTRALIA, KUWAIT, OMAN,UK, etc. 5
  6. INDIAN-AMERICAN • 75% of current 1st generation Indian-American immigrated to US since 1990s • Despite making only 1% of the population, they comprise of 8% of the founders of HIGH-TECH companies. • Average Indian-American’s median annual household income is $1,00,000 , which is a way above any other immigrant group in the US. 6
  7. CONTINUED….. • IN 2018, The revenue of 7 companies with Indian-American CEOs was more than $360 billion which is greater than the GDP of 34 countries. 7
  8. REASON OF BRAIN DRAIN • WAGE GAP • QUALITY OF HIGHER EDUCATION • UNEMPLOYMENT • NO VALUE OF TALENT • LACK OF RESEARCH & DEVELOPMENT 8
  9. EFFECTS OF BRAIN DRAIN ON THE HOME COUNTRY 9 • Loss of Tax Revenue • Loss of Potential Future Entreprenurs • A shortage of important skilled workers • Loss of Innovative ideas • The exodus may lead to loss of confidence in the economy, which will cause persons to desire to leave rather than stay.
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  11. PULL FACTORS • Better Economic Prospectus • Higher Salary & Income • Better Standard of Living • Better Research Facilities • Intellectual Freedom • Employment Opportunities 11
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  13. REFERENCES • businessconnectindia.in • www.indiatimes.com • https://youtu.be/gv-00DJQZ8w • https://www.thehindubusinessline.com 13
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