how does brain drain affect the Indian economy?
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Answers
Answer:
Unfortunately India is one of the countries suffering from severe brain drain. Statistics reveal that the brain-drain of software engineers alone costs India $2 billion a year. The total amount lost from every field of human capital threatens to be enormous.
Answer:
Human capital flight refers to the emigration or immigration of individuals who have received advanced training at home.
India. India is one of the first countries where the phenomenon of reverse brain drain occurred. ... Tens of thousands of migrants who had initially come to the U.S. for graduate engineering education, accepted jobs in Silicon Valley rather than return to their home countries, where professional opportunities were limited.
Unfortunately India is one of the countries suffering from severe brain drain. Statistics reveal that the brain-drain of software engineers alone costs India $2 billion a year. The total amount lost from every field of human capital threatens to be enormous.
Brain drain is bad for the country because it is loosing skilled workers which takes time and resources to make them. It also reduces the chances to flourish democracy in that country because democracy and education are correlated. Educated people strife for better quality of life and work.
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