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America's Brain Drain: Advantage IndiaThursday, August 30, 2007
Job fair conducted by Indian job portal in New Jersey for jobs in India? Unbelievable but true. With India catching up fast on technology, non-resident Indians are realizing that the action lies back home. As the American dream fades in the long queues for the elusive visa, Indian companies are camping on American soil to bring their professionals back. America is losing out on intellectual resources to countries like India and China as the immigration debate rages in the US. Snags in the immigration process have left 5 lakh immigrants waiting for green cards, putting their families and children through inconvenience as well. Obtaining a work visa in the US is not easy, with a handful of companies taking away 90% of the visa quota. The US is faced with the reality of losing critical talent from India and China it trained and nurtured a few years ago. A study on the reverse brain drain bemoans the fact that the US trained thousands of workers in the US who came on temporary visas, but is unable to retain them. Moreover, as more American employees face retirement, and fewer of their citizens acquire professional degrees, the super power's talent pool is beginning to shrink. The US has benefited immensely from foreign-born professionals, owing half of the start-ups in Silicon Valley between 1995 and 2005 to them, and Indians have contributed largely to America's patent portfolio. As the immigration backlog mounts, the frustration amongst NRIs in the US is forcing them to turn back home. India's booming economy, with a choice of jobs from global companies is no less responsible for the reverse brain drain the US is facing. Indian companies are however, turning America's drain into India's "brain gain". Clickjobs job fair in New Jersey on the 25th and 26th of August attempted to bring opportunities in Indian corporates to NRIs in the US. Drawing approximately 1500 visitors seeking mid-level to high-level jobs, the event is expected to become a regular one as more techno-savvy Indians find their homeland a better place to work. Oracle, Hewlett and Packard, GSS America Infotech IBM, Yahoo India and human resource consulting outfit Ma Foi Management Consultants were some of the corporates scouting for NRI talent. On the other hand, opportunities for NRIs in the US are also coming from their own employers who are setting up research centers in India. With a vibrant economy welcoming them home, a section of NRIs is only too eager to give up the life of a helpless immigrant and restore his first citizenship status.
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