Wednesday, June 04, 2008
Reverse brain drain
It is reported by a survey conducted by Evalueserve (India emerging as the preferred career destination for IITians), a New Delhi-based business-research company, that during 1964-2001, every third IITian went abroad and majority of them went to the US.But,the survey said that a reversal of trend has started after 2001. And if we include the pass-out in 2008, it is a surprisingly welcome change that more than 84 per cent of the IITians have chosen to stay in India. The survey also says that belief among the IITians that the US offers a better standard of living has seen a sharp decline from 12 per cent to zero.The era of economic liberalisation in India started in 1991 and with that, India has been witnessing the development in its economy.The Indian economy, which is fourth largest country of the world in terms of purchasing power parity, is poised to overtake Japan and become a major economic power within the next 10 years.