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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (5678)	8/19/1999 11:47:00 AM
From: Mohan Marette	Respond to of 12475

Reverse brain drain. Ratan: As you may know from the 60s to 80s and even early 90s India lost most of its high caliber engineers, doctors, business people and other professionals to other countries through brain drain,mostly Western and mostly the U.S.Same thing happened with Taiwan and China to some extent but the trend started reversing itself taking the form of 'reverse brain drain' in Taiwan and in China and it is beginning to happen in India. Many of these folks are now going back some partially and some for good and the new professional graduates are not as eager to leave the country as before but many still do if only for a short stint in the U.S or other countries.This is certainly a welcome trend and should help these countries tremendously. Like you said the salaries and benefits have improved by many magnitude in recent times for engineers and other professionals.I know many who makes anywhere from 15,000 (right out of college) to 90,000 per month and some of them are my relatives and they have no interest to go anywhere other than for a vacation or something. These guys have huge houses 2 or three cars,servants and maids,stock options from their companies etc etc. Hey I can see why there is no great compulsion to leave the home front.

To: ratan lal who wrote (5678)	8/19/1999 8:17:00 PM
From: Money Machine	Read Replies (2) \| Respond to of 12475

Ratan, in my opinion what India needs today is a benevolent dictator. Somebody to take over, not having to worry about vote-banks, not having to appease caste and religious groups, not having to worry about getting re-elected, and somebody that can enforce compulsory education, almost force people to plan their families, put the corrupt behind bars, bring in a truly free economy, privatize state run corporations, ban strikes and labor lock-outs and give that country a decent chance! When I was a kid, somebody asked me what I wanted to do when I grew up.. that's what I told them - become a dictator! See, I have it in my genes somewhere. ;-)