Brain drain in india causes,how to invest wisely pdf,how to do a quick claim deed in florida - Easy Way

Author: admin, 23.10.2015. Category: Positive Phrases About Life

The new global economy isn’t defined by the battle for the newest machines or precious ore, but a battle of ideas.
With world markets shaky and the United States standing on the brink of a double dip recession, the country is suffering from brain drain: talented, well-educated college graduates, finding dismal opportunities domestically, are seeking their fortune abroad. Immigrants who come to the United States to study at the best universities and then go to work at the nations leading companies (or most vibrant startups) contribute directly and immediately to America’s global economic competitiveness. The H-1B visa, however, is in high demand, and legal and economic pressures have made competition fierce. With heavy competition for H-1B visas, staffing agencies usually help match applicants with a potential job; for example, Interfysio help internationals who are searching for occupational therapist jobs in new york acquire these visas.
Each year, many American employers, including Microsoft’s Bill Gates, lobby Congress to raise the H-1B cap, stating that it is too restrictive and companies cannot hire the workers they need.
As a software engineer, I know that I am already competing on the wage-level with talented engineers in Bangalore and elsewhere who will work for a fraction of the income that I demand. SAN JOSE (CALIFORNIA): If Prime Minister Narendra Modi’s address to the diaspora at the sprawling SAP Center in California on September 27, where he spoke about ‘brain drain being brain gain’, is anything to go by then the phenomena surely deserves more than just a thought.
Mr Modi had an intense period of engagements in Silicon Valley during his weekend visit to the west coast, meeting investors and members of the Indian community. There was a time in India, roughly around three decades back, when younger Indians started looking overseas for opportunities. That was also a time when there were fewer Non-Resident Indians (NRIs) living overseas and their contributions to India were also limited.
The change in political climate with India unleashing economic reforms also helped in wooing the diaspora to invest in India. While India gets most of its remittances from the diaspora living in the Gulf region, it gets more business opportunities from its diaspora in the West. Mr Modi, made a valid point in his address when he said: “Brain drain can become brain gain, did anyone ever think about this.
While Mr Modi’s approach may be seen as trying to woo and not antagonize the diaspora by questioning their desire to live overseas, it must also be noted that he keeps urging the diaspora to return to India. Not ideas like concepts, fantastic new technologies, or complex economic models, but innovators and inventors–thinkers and entrepreneurs. Silicon Valley isn’t just in California anymore; it can be found in fledgling creative centers in China. Highly-skilled immigrants who have started their own high-tech companies have created hundreds of thousands of new jobs and achieved company sales in the hundreds of billions of dollars.

At the beginning of each fiscal year in October, the USCIS begins making visas available, though it starts accepting applications from employers six months prior.
Critics cite wage depression, hidden costs, and risks for employers and employees as major problems. These international staffing and recruiting agencies work with immigration attorneys who have experience in obtaining these highly sought after visas.
Increasing the H-1B cap is certainly not an immediate fix for America’s economic woes—with high unemployment, political deadlock, and a looming double dip recession, policy-makers are searching for short-term strategies to jumpstart the flagging economy. Swanson helps numerous nationally recognized non-profit organizations and businesses develop their web marketing strategy at Think Stripes, a content marketing agency.
That is to say, for every H1B visa holder getting a job, some true-blooded American is not. A widely debated issue in India for years, brain drain or the migration of talented Indians overseas has been perceived as a threat rather than an opportunity.
With India looking to be a dominant global player, one needs to look at this ambitious dream optimistically. This was viewed by many as selfish interests of individuals wanting to move out or people not really committed to the uplift of the nation. But things started changing over the past two decades with the NRIs and People of Indian Origin (PIOs) started taking an active role to be a part of the India growth story. Silicon Valley which is the world’s technological hub and home for innovation has a large chunk of Indians living and working there who’ve contributed to this innovational success. Though many people have over the years moved back to India, a large portion still remains overseas. There are only 65,000 ‘cap-subject’ H1B visas available each fiscal year, distributed on a first-come, first-served basis. The United States General Accounting Office found in a report in 2000 that controls on the H-1B program lacked effectiveness, despite the fact that the average education level of applicants has gradually increased over the past decade. Other ventures have taken more creative, sometimes drastic, approaches to getting around the cap on visas: Blueseed, a sea steding endeavor started by Silicon Valley founders Max Marty and Dario Mutabdzija, is looking to be the “Googleplex of the sea,” a sea-based tech incubator nestled safely in international waters, outside of jurisdiction and the legal caps on H-1B immigration visa. He is also a serial online entrepreneur who has built and sold several large businesses since his early teens. But with Mr Modi emphasising this point in his speech, it shows India being less pessimistic about its talent migrating overseas and wanting to reap the benefits of global growth. Many of the startups flourishing in Silicon Valley have Indian owners generating jobs in the tech hub.

If Mr Modi’s words that the ‘21st century belongs to India’ is to succeed, then this large number of overseas Indians should be seen more as an opportunity than a threat. Prominent companies founded by immigrants and their families include Intel, Solectron, Sun, eBay, Yahoo, and Google. Twenty-nine months after the recession officially ended, the economy is barely sputtering ahead at a 2 percent annual rate. Citizenship and Immigration Services generally exceeds the statutory cap implemented by law, the number of approvals has been gradually shrinking since the beginning of the financial crisis.
But some economists believe that today’s grinding unemployment and slow growth are masking the transition to a vibrant digital economy.
And India needs to cash in on these opportunities and encourage its youth and citizens to reap dividends from it.
The logic is simple: what if the next Steve Jobs is deprived of a chance to navigate—and potentially bolster—America’s economy?
In 2008, a total of 276,252 visa applications (initial, renewals and extensions) were approved; in 2009, that number decreased slightly to 214,271 while 110,367 initial H-1B visas were issued from consular offices.
If the advanced economies of the world are enduring a painful transition from one era (industrial) to another (post-industrial), the United States would do well to foster a vibrant technology sector. The USCIS reached its FY2012 statutory cap of H1B visas by November 22, 2011, barely two months into the fiscal year. America no longer needs the best drills and biggest machines, but the sharpest minds in the world to continue to be an entrepreneurial beacon for the entire world. Immigrants have founded 52 percent of Silicon Valley’s companies and created millions of American jobs. Demand for H-1B has increased, despite America’s economic woes, while the USCIS has approved less and less.
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