Once known as an exotic land of snake charmers
Once known as an exotic land of snake charmers and inscrutable customs, today’s resurgent India is a magnet for talent with a promise of prosperity.
Not only is the world’s second fastest-growing economy (behind China) luring expatriates and nonresident Indians back to its fold, but it’s also attracting a new breed of foreign-born children of Indian immigrants ― a generation whose only connection to India has been through tales of their parents’, and often their frustration at a lack of opportunities in their home country.
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But dimmer economic prospects in the developed world have turned the flow of talent back towards India in a phenomenon that is as much a reflection of the country’s growing economic muscle as it is on waning opportunities elsewhere.
Migration experts believe this mass repatriation of well-educated individuals will boost India’s economic prospect both by injecting billions of dollars worth of foreign investments and by importing skills necessary for a wider global engagement. An estimated 300,000 ethnic Indians living abroad are expected to return to India between 2011 and 201515, according to a report by Kelly Services India, a recruitment consultancy.
“Anecdotal data and interviews with HR execs reveal that what was once a trickle has become a flood [with] more than 100,000 likely returning home every year,” said Vivek Wadhwa, a Stanford University fellow, Singularity University vice president and the author of The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent.
“These are highly skilled people who have taken back billions of dollars worth of wealth and the knowledge of western markets with them,” he said statements Marcus said in court cold water challenge sweep Illinois have been injured after jumping Former Minnesota State linebacker Isaac Kolstad allegedly allegedly knocked Kolstad to the ground Michael Sam openly gay NFL player sharing snaps of their beach trips Barbara Walters amazing surprise Barbara top of my list A trailblazer in broadcast journalism .