What are the Seven reasons of brain drain in india and explain briefly?
Answers
Among the Asian countries, India continued its trend of being the top country of birth for immigrant scientists and engineers, with 9,50,000 out of Asia’s total 2.96 million.
India’s 2013 figure represented an 85% increase from 2003. India is a developing country so why are our young engineers, entrepreneurs and scientists are flying off to foreign countries.
Causes of Brain Drain
*Lack of employment makes graduates emigrate where they are highly successful.
*Low salaries for the same jobs compared to the native country also initiates this process.
*Political Instability in political structure creates conducive situation for Brain Drain.
*Internal Conflicts like Communal conflicts often lead to war like situations affecting the overall stability.
*Higher Studies also lure students who are unable to find the same in their respective countries. Such students generally never return back to their homeland.
*Tax system of certain countries like high personal tax rate, including capital gains tax, and high corporate tax rate represent one the biggest cause of brain drain.
*Better Opportunities and Facilities are also the cause of Brain Drain. These opportunities and facilities include ample funding, availability of jobs and encouraging entrepreneurial environment. Availability of work in high-skill occupations is well paid as compared to their counterparts who remained in their Native country