REVERSE BRAIN DRAIN IS

ONLY 5 YEARS AWAY

What is Reverse Brain Drain?

GOOD BYE AMERICA, HELLO INDIA.

In India, by contrast, a boom in the computer sector continues at pace. Causes and Effects of Reverse Brain Drain in United States of America.

Unemployment in California is running at 6.9% and in IT sector it is much higher.

Information Technology Hurdle.

Sector

After the dot.com bubble burst, the US software industry took a steep dive from which it has yet to recover.

In an astonishing reversal, Indian technology experts are returning home from the United States to work in India.

Growth Rate During the latter half of the 1990s, India registered a 45-percent growth rate in its IT industry and 54 per cent in its software sector as compared to 35 percent in the US over the past 3 years.

Misplaced Immigration Policies.

USA

Researchers from Harvard, Duke and New York University released an analysis of international patent filings that also tracked what is being called "reverse brain drain.

Labour certificates - 200,000 skilled immigrants have applications for labour certificates pending, the first step towards a green card.

Form I-140 - 50,132 immigrants are waiting for Form I-140, the Petition for an Alien Work, filed by an employee after the labour certificate is issued.

Form I-485 - 327,556 immigrants are waiting for an I-485, the last petition for a permanent resident visa a green card.

Green Card Blues - 555,044 family members of immigrants are trying to get green cards.

Patent Hurdles The study shows that while foreign nationals, mostly Indians and Chinese, contributed to 25.6% of all US international patent applications in 2006, thousands of them are heading home because of hurdles in their bid to become permanent US residents.

Uncertainty Approximately one in five new legal immigrants and one on three employment principals either plan to leave the US or are uncertain about remaining.

It found 34.5 per cent of the immigrants said they were "either planning to leave the US or were uncertain about remaining.

Majority Indians - About 30 per cent of these immigrants, says the study's lead author Vivek Wadhwa of Harvard University, are Indians.

Departure Statistics now show that around 60,000 professionals have returned since the last decade. And the recent job fairs in US are starting to show up more of such drain.

Immigration reform If US waits 5 years for immigration reform, the illegal and unskilled will still be here, but those that contribute significantly to U.S. competitiveness will be long gone.

RECESSION WOES IN INDIAS TREMENDOUS

USA AND GROWTH

Fear of Recession - As there is every chance of recession conquering USA so people feel uncomfortable over there.
Central Statistical Organization - According to the revised estimates released by the Central Statistical Organization (CSO) in May 2006, real GDP accelerated from 7.5 per cent in 2004-05 to 8.4 per cent during 200506. The Indian economy has, thus, recorded an average growth of over 8 per cent in the latest three years (200304 to 2005-06) in India and in Jan-Mar 2007 it rose to whopping 9.1 percent.

While in USA in 2007 the GDP growth was just 2.1 percent.

HIGHER SALARIES

UNITED KINGDOMS PROBLEM

PROBLEM OF DOCTORS

SOME OTHER POINTS

Talent-pool and Investment This Reverse Brain Drain not just brings the talent-pool, but also millions of dollars as investment to India.
Initiative India has initiated reverse brain drain. Realizing how many scientists, doctors, engineers and other professionals they loose every year, Indian government is taking steps to lure them back to the country.

Threat to US economy Loosing a large percentage of Indians will pose a major threat to US economy. Clearly one countrys drain is another gain.

Centre stage in studies - As India taking the centre stage in studies a lot of foreign students are coming to Indian Business Schools and their salaries may even score more than what a Harvard or a Wharton graduate can expect.

Cheap - MBA course which costs around 22,000 US Dollars in India costs nearly about 75,000 in Harvard.

AS THE THREAT HAS ALREADY EMERGED IT IS QUITE A REALITY THAT WITH IN THE NEXT FIVE YEARS REVERSE BRAIN DRAIN WILL GAIN A LOT OF MOMENTUM AS WELL AS ATTENTION.