If you see last one decade, you must realize that India is among the top3 nations in the world where money coming from their own citizens working outside. In last year alone more than 8 billion dollar have send to India by NRIs and people who are working in different countries through out the year. In this way, our own people who are staying back in India getting an opportunity to earn money by utilising these cash flow in India in a timely and proper manner.
Now, many people who are working years and years in any developed countries started thinking of to return back to India and will set up their own business or be part of this growing economy.
So, it is not now a major issue like it was in mid 80's and early 90's. We can called it as a systematic investment plan, where we are getting a periodic return after certain point of time.
RE:Brain drain is an good systematic investment for India
by ashish on Apr 05, 2008 05:40 PM Permalink
returnin to india? who wants to live ina filthy country when u have a better life abroad?
RE:Brain drain is an good systematic investment for India
by jeevan varughese on Apr 05, 2008 06:43 PM Permalink
Ashish, India is not a filty country... it a developing country. Take pride in being an indian with all its short comings!!! Anywhere in the west, europe especially, they consider indains second class! ... Its called Rasicm!!! :))
RE:Brain drain is an good systematic investment for India
by Uday on Apr 05, 2008 06:47 PM Permalink
Sorry for misinformation. India does nort receive money from citizens from people with brain drain but worker class people from Kerala & Goa. Those migrated to US or Europe does not send a US$.
RE:Brain drain is an good systematic investment for India
by on Apr 05, 2008 07:12 PM Permalink
Actually Uday, you are wrong. I dont classify myself as "people with brain drain"... but I am from Goa...in The Netherlands... and I am NOT worker class. (I am a post-doc researcher in Intelligent Transportation systems.) AND very interestingly.... I regularly remit money back home.
Let's not generalise please... you are almost on the verge on being racist!!
I totally agree with Surya Das. Its a smart insight - "systematic investment plan".
RE:Brain drain is an good systematic investment for India
by anil minhans on Apr 05, 2008 07:46 PM Permalink
Man, I am sure its a well planned strategy by the policy planners of India. You leave the country with a hope that something better will come up and in order to underline your existence abroad, we do all hard work..nothing that Indian working class know.. babus..chillin out in sun on our money sent back home. Mother ill, send money.sister got married send money..father not keeping well..send money. We leave our country actually to help our own country.. and sad thats what we get in return.. hatred, jealously.. competition..Today only some Indians have got bit of money and they show-off like mad.Tryin to compare West with India. Which I dont see even in next 5 decades.Its not the money we are talking here, India might have more money say in 50 years but how to use it will take another century. U talk of racism, it exist in far more structured in India itself. Casteism, Ageism, Poverty, Inequalities are characterstics of Indian people. Brain drain is about cashing for being Indian for the sake of being patriot. Ignorance, intolerance, false prestige, jealously are used to deny the power and contribution of 28 billion dollars send by both skilled and unskilled people abroad . Respect them and dont underestimate their values and their contribution to India. As you should also know, India you are living today was completely a terrible place to live and still today due to the factors I listed in my message. Progress talking hands in hands and don't disregard people abroad..
RE:Brain drain is an good systematic investment for India
by ravi kaja on Apr 05, 2008 10:08 PM Permalink
That was very well written Mr. Anil. Kudos to you.
RE:Brain drain is an good systematic investment for India
by Loga on Apr 05, 2008 06:46 PM Permalink
Last year NRI's have sent home more then $27 billion not 8 billion. Highest Remittance received by any country in the world.
