Saturday, December 17, 2005

Drain Brain

No it's not another term for a Moron. It's just that the arguments against Brain Drain are so flawed that I thought I could take the liberty to create another flaw!

According to the World Bank's report on `Global economic prospects' India has emerged as the top recipient of remittances globally with its workers abroad sending in a whopping $21.7 billion back home in 2004.

Some facts about India for the same Period
External Debt : $117.2 billion
Income from Exports: $69.18 billion
Income from our diaspora: $21.7 billion

Speaks volumes about all those people who toil hard in a foreign land to feed those back home. While all those unlucky people who lacked the opportunity to go abroad keep harping about how 'Indian' talent is driving 'Foreign' Economies these silent crusaders have been working hard to improve the quality of life of their kith and kin back home.

I personally know an IIT Gold Medalist who chose to stay back even though most of his batchmates left the country. After a decade of experience he was finding it difficult to land a job because he was considered 'Over-Qualified'!! After a year of being jobless in India he is now working at a MNC in Singapore where they pay him 20 times what he got here!!

I firmly believe there's no place like 'Home Sweet Home' But for those who're talented enough to create for themselves a respectable career abroad for which they're not considered 'Over-Qualified', they should go ahead and do just that.

If they want to do something back for their motherland It doesn't necessarily mean coming back here and becoming a Farmer, they can also stay put there and send in wealth that can make our INDIA a better place.
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