India's significant contribution to the US eahlthcare system through its skilled medical professionals also raises concerns about the country's own healthcare workforce and the phenomenon of brain drain. While, Indian doctors and nurses are pivotal in filling gaps in the us, india faces challenges stemming from the emigration of its best healthcare professionals.

US relies on Indian talent for healthcare

As India assumes the role of G20 president, it faces a critical challenge – the brain drain. This phenomenon, marked by the departure of skilled individuals seeking opportunities abroad, is a pressing concern for a nation on the rise. With 85% of global GDP and 75% of international trade under the G20 umbrella, India's leadership brings unprecedented responsibilities.

To understand this intricate issue and explore potential solutions, we turn to&nbsp;Mr. Akshay Chaturvedi, Founder &amp; CEO of LeverageEdu, Fly.finance &amp; Fly Homes. But before we delve into his insights, understanding the issue at hand is important. India's emergence as a global player is undeniable. Its rapidly growing economy and burgeoning pool of young talent are the envy of many nations. However, the brain drain challenge casts a shadow over this promising landscape.

As per the Indian Ministry of External Affairs, the cumulative count of the Indian diaspora, encompassing both Non-Resident Indians (NRIs) and individuals of Indian descent, stands at 32 million. &nbsp;This exodus, while indicative of India's global influence, raises vital questions. How can India, in its G20 presidency, confront the brain drain issue and harness its growing global presence to address this challenge? What strategies can the nation employ to retain talent while respecting individuals' aspirations for global exposure? These questions form the core of our exploration into India's G20 leadership and its pursuit of solutions to the brain drain dilemma.

The Brain Drain phenomenon

The departure of skilled individuals for greener pastures abroad presents a multifaceted challenge. Mr. Chaturvedi offers a unique perspective on this issue, suggesting that the root of the problem lies in the fundamental mismatch between the demand for higher education opportunities and the availability of suitable jobs in India.

Mr. Chaturvedi states, "It’s about how India wins. For the next 10-20 years, the data is right out there to say we don't have enough higher education opportunities for our very large population set, and we don’t have an adequate number of right-fit jobs."

A global ‘Vasudhaiva Kutumbakam’ approach

To tackle this challenge head-on, Mr. Chaturvedi advocates for a global approach. He asks, "Can we take a ‘global Vasudhaiva Kutumbakam stand’ and 'solve for talent' for the rest of the world?" In essence, this approach implies that India can take a leadership role in providing talent to the world, ensuring that Indians succeed on a global scale, which, in turn, benefits the nation.

Balancing retention and aspirations

The brain drain conundrum is not one with a singular solution, and Mr. Chaturvedi acknowledges this complexity. He underscores that India's journey to becoming a $10 trillion economy cannot proceed without the export of services. "Us becoming a talent export hub benefits India," he states, emphasising the importance of Indians succeeding globally. This global Indian cohort contributes significantly to Foreign Institutional Investment (FII) inflows, making their success abroad a critical component of India's prosperity.

Leveraging the Indian Diaspora

India boasts a rich history of a global diaspora that has left an indelible mark in various fields worldwide. Mr. Chaturvedi recognises the importance of tapping into this resource, stating, "Indians abroad play a big role in putting India on the global map. They are no less patriots than those in India." To harness this potential, he suggests policy changes and gestures, such as removing residency extension requirements for Indian expatriates, that can make the return home more attractive.

Reviving FDI and Talent Repatriation

Amid the backdrop of declining Foreign Direct Investment (FDI) in India, Mr. Chaturvedi offers insights into strategies that can encourage investment and talent repatriation. He underscores the significant contributions of international students, who, through their jobs abroad, send substantial FDI back to India. Encouraging this trend can be pivotal in revitalising India's economic landscape.

 
In Mr. Chaturvedi's words, "Our G20 presidency goes on to show the world that we are a force to be reckoned with, but a large majority of that success and global reputation has been built on the backs of hard-working Indians across the globe, so let’s celebrate them in equal measure too."

As India charts its course as the G20 president, the issue of brain drain looms large. However, with innovative thinking and a global perspective, India can turn this challenge into an opportunity. By striking a balance between retaining talent and encouraging global success, leveraging the Indian diaspora, and implementing policies that attract investment and talent, India can unlock its full potential on the world stage and ensure its global competitiveness for years to come.

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As India assumes the role of G20 president, it faces a critical challenge – the brain drain. This phenomenon, marked by the departure of skilled individuals seeking opportunities abroad, is a pressing concern for a nation on the rise.

As India assumes the role of G20 president, it faces a critical challenge – the brain drain. This phenomenon, marked by the departure of skilled individuals seeking opportunities abroad, is a pressing concern for a nation on the rise. With 85% of global GDP and 75% of international trade under the G20 umbrella, India's leadership brings unprecedented responsibilities. To understand this intricate issue and explore potential solutions, we turn to Mr. Akshay Chaturvedi, Founder & CEO of LeverageEdu, Fly.finance & Fly Homes. But before we delve into his insights, understanding the issue at hand is important. India's emergence as a global player is undeniable. Its rapidly growing economy and burgeoning pool of young talent are the envy of many nations. However, the brain drain challenge casts a shadow over this promising landscape. As per the Indian Ministry of External Affairs, the cumulative count of the Indian diaspora, encompassing both Non-Resident Indians (NRIs) and individuals of Indian descent, stands at 32 million. This exodus, while indicative of India's global influence, raises vital questions. How can India, in its G20 presidency, confront the brain drain issue and harness its growing global presence to address this challenge? What strategies can the nation employ to retain talent while respecting individuals' aspirations for global exposure? These questions form the core of our exploration into India's G20 leadership and its pursuit of solutions to the brain drain dilemma. The Brain Drain phenomenon The departure of skilled individuals for greener pastures abroad presents a multifaceted challenge. Mr. Chaturvedi offers a unique perspective on this issue, suggesting that the root of the problem lies in the fundamental mismatch between the demand for higher education opportunities and the availability of suitable jobs in India. Mr. Chaturvedi states, "It’s about how India wins. For the next 10-20 years, the data is right out there to say we don't have enough higher education opportunities for our very large population set, and we don’t have an adequate number of right-fit jobs." A global ‘Vasudhaiva Kutumbakam’ approach To tackle this challenge head-on, Mr. Chaturvedi advocates for a global approach. He asks, "Can we take a ‘global Vasudhaiva Kutumbakam stand’ and 'solve for talent' for the rest of the world?" In essence, this approach implies that India can take a leadership role in providing talent to the world, ensuring that Indians succeed on a global scale, which, in turn, benefits the nation. Balancing retention and aspirations The brain drain conundrum is not one with a singular solution, and Mr. Chaturvedi acknowledges this complexity. He underscores that India's journey to becoming a $10 trillion economy cannot proceed without the export of services. "Us becoming a talent export hub benefits India," he states, emphasising the importance of Indians succeeding globally. This global Indian cohort contributes significantly to Foreign Institutional Investment (FII) inflows, making their success abroad a critical component of India's prosperity. Leveraging the Indian Diaspora India boasts a rich history of a global diaspora that has left an indelible mark in various fields worldwide. Mr. Chaturvedi recognises the importance of tapping into this resource, stating, "Indians abroad play a big role in putting India on the global map. They are no less patriots than those in India." To harness this potential, he suggests policy changes and gestures, such as removing residency extension requirements for Indian expatriates, that can make the return home more attractive. Reviving FDI and Talent Repatriation Amid the backdrop of declining Foreign Direct Investment (FDI) in India, Mr. Chaturvedi offers insights into strategies that can encourage investment and talent repatriation. He underscores the significant contributions of international students, who, through their jobs abroad, send substantial FDI back to India. Encouraging this trend can be pivotal in revitalising India's economic landscape. In Mr. Chaturvedi's words, "Our G20 presidency goes on to show the world that we are a force to be reckoned with, but a large majority of that success and global reputation has been built on the backs of hard-working Indians across the globe, so let’s celebrate them in equal measure too." As India charts its course as the G20 president, the issue of brain drain looms large. However, with innovative thinking and a global perspective, India can turn this challenge into an opportunity. By striking a balance between retaining talent and encouraging global success, leveraging the Indian diaspora, and implementing policies that attract investment and talent, India can unlock its full potential on the world stage and ensure its global competitiveness for years to come. WATCH WION LIVE HERE

India's brain drain dilemma: Can G20 leadership turn the tide?

In recent times, Russia’s landscape has been changing dramatically, and it's not just about geopolitics. Since February 2022, an alarming trend has been emerging—a mass exodus of young, educated Russians leaving their homeland in pursuit of brighter prospects abroad.

Russia's brain drain and economic impact

Russian tech giant Yandex&nbsp;may have missed a government takeover, thanks to Kremlin's fear of a massive brain drain, a Reuters report said quoting sources.

Yandex, popular known as the Russian equivalent of Google, has been facing a major 'brain drain', with talented employees looking for greener pastures abroad.&nbsp;

Things have gone downhill for Yandex since the war with Ukraine began in February 2022.&nbsp;Many talented employees have left for Serbia, where the company is opening new offices. About 100,000 IT experts had left Russia last year, as per a government estimate.&nbsp;

The tech giant, among the few Russian companies with a global ambition, needs skilled employees to stay ahead in things like search technology, advertising, and ride-hailing. But if the government takes over Yandex, there are fears that more talented people may leave Russia, leaving the company in the lurch.

"It's obvious that if (nationalisation) happens, the company will gradually come to nothing," one of the people with knowledge of the talks told Reuters. "And this is probably what is stopping tough action from being taken," the source added.&nbsp;

According to Reuters, the owners of Yandex's Dutch holding company, Yandex NV, could make a profit of $7 billion if they sell off their Russian operations completely. However, the discussions over a possible sale have come to a stop.

But things may take a dramatic turn in the coming days. This is because Yandex co-founder Arkady Volozh on Thursday criticised Russia's war in Ukraine, calling it "barbaric." He added that his focus has shifted to getting skilled Russian engineers out of the country since the advent of war.&nbsp;

The Russian government nationalising private companies is not a new phenomenon.&nbsp;

Last year, it took control of assets in the Sakhalin oil and gas projects through a presidential order. In 2023, the government took "temporary control" of the assets of four Western companies in Russia, including giving control of the Russian subsidiary of French food group Danone to Chechen leader Ramzan Kadyrov's nephew.

Andrei Kostin, the CEO of Russia's state-owned VTB Bank, had suggested in June that Moscow should temporarily manage Yandex's assets, arguing that this would be good for Western investors. But the Bank did not take any action to buy the tech giant.&nbsp;

(With inputs from Reuters)

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Russian tech giant Yandex may have missed a government takeover, thanks to Kremlin's fear of a massive brain drain, a Reuters report said quoting sources. Yandex, popular known as the Russian equivalent of Google, has been facing a major 'brain drain', with talented employees looking for greener pastures abroad.

Russian tech giant Yandex may have missed a government takeover, thanks to Kremlin's fear of a massive brain drain, a Reuters report said quoting sources. Yandex, popular known as the Russian equivalent of Google, has been facing a major 'brain drain', with talented employees looking for greener pastures abroad. Things have gone downhill for Yandex since the war with Ukraine began in February 2022. Many talented employees have left for Serbia, where the company is opening new offices. About 100,000 IT experts had left Russia last year, as per a government estimate. The tech giant, among the few Russian companies with a global ambition, needs skilled employees to stay ahead in things like search technology, advertising, and ride-hailing. But if the government takes over Yandex, there are fears that more talented people may leave Russia, leaving the company in the lurch. "It's obvious that if (nationalisation) happens, the company will gradually come to nothing," one of the people with knowledge of the talks told Reuters. "And this is probably what is stopping tough action from being taken," the source added. According to Reuters, the owners of Yandex's Dutch holding company, Yandex NV, could make a profit of $7 billion if they sell off their Russian operations completely. However, the discussions over a possible sale have come to a stop. But things may take a dramatic turn in the coming days. This is because Yandex co-founder Arkady Volozh on Thursday criticised Russia's war in Ukraine, calling it "barbaric." He added that his focus has shifted to getting skilled Russian engineers out of the country since the advent of war. The Russian government nationalising private companies is not a new phenomenon. Last year, it took control of assets in the Sakhalin oil and gas projects through a presidential order. In 2023, the government took "temporary control" of the assets of four Western companies in Russia, including giving control of the Russian subsidiary of French food group Danone to Chechen leader Ramzan Kadyrov's nephew. Andrei Kostin, the CEO of Russia's state-owned VTB Bank, had suggested in June that Moscow should temporarily manage Yandex's assets, arguing that this would be good for Western investors. But the Bank did not take any action to buy the tech giant. (With inputs from Reuters) WATCH WION LIVE HERE

Yandex, Russia's tech giant, faces a 'brain drain'. Here's why

Internet is a strange place. It is the same realm that brutally criticises you, makes you angry or even sends you into a shell. And sometimes it can be a place that rewards you. An Indian student, studying in Canada was trolled and criticised for her 'dream to leave India' remark. The video went viral on Sunday (July 30).

In the viral video, the student introduced herself as Ekta. She was asked 'what brought her to Canada'. In the video, Ekta can be heard saying that it was her 'dream to leave India'. The reply didn't go down well with many social media users on 'X', the renamed platform of good ol' Twitter.

'Brain drain' is something that is scoffed at in India. Highly qualified youngsters sometimes choose to seek employment in western countries after studying in elite institutes in India like India Institute of Technology, Indian Institute of Management and so on. Those who profess their opposition to 'brain drain' say that these students take benefits of considerable subsidies on their education but create wealth for foreign companies and nations by working and settling there.&nbsp;

At the same time, those studying in institutes in India and abroad say that their hard work and merit has earned them admission to these prestigious institutions and it's a matter of personal choice which country they choose to settle in.

Ekta's video elicited reactions on similar lines. She was criticised based on perception that she was trying to show India in poor light and was encouraging leaving home country.

But Ekta got support from unexpected quarters when none other than the CEO of Truecaller rallied behind her.&nbsp;

"People really want to misunderstand her to make fun of her. This is not OK!! Ekta, don't listen to all these clowns making fun of you. I think you're cool and living the dream! When you're done with school, you're welcome to work at Truecaller in any of our offices around the globe," read the post by Alan Mamedi, CEO of Truecaller.

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People really want to misunderstand her to make fun of her. This is not OK!! Ekta, don't listen to all these clowns making fun of you. I think you're cool and living the dream! When you're done with school, you're welcome to work at Truecaller in any of our offices around the 🌏 <a href="https://t.co/PuotNAMwKK">https://t.co/PuotNAMwKK</a>
— Alan Mamedi (@AlanMamedi) <a href="https://twitter.com/AlanMamedi/status/1687075637423464448?ref_src=twsrc%5Etfw">August 3, 2023</a></blockquote>
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Internet is a strange place. It is the same realm that brutally criticises you, makes you angry or even sends you into a shell. And sometimes it can be a place that rewards you.

Internet is a strange place. It is the same realm that brutally criticises you, makes you angry or even sends you into a shell. And sometimes it can be a place that rewards you. An Indian student, studying in Canada was trolled and criticised for her 'dream to leave India' remark. The video went viral on Sunday (July 30). In the viral video, the student introduced herself as Ekta. She was asked 'what brought her to Canada'. In the video, Ekta can be heard saying that it was her 'dream to leave India'. The reply didn't go down well with many social media users on 'X', the renamed platform of good ol' Twitter. 'Brain drain' is something that is scoffed at in India. Highly qualified youngsters sometimes choose to seek employment in western countries after studying in elite institutes in India like India Institute of Technology, Indian Institute of Management and so on. Those who profess their opposition to 'brain drain' say that these students take benefits of considerable subsidies on their education but create wealth for foreign companies and nations by working and settling there. At the same time, those studying in institutes in India and abroad say that their hard work and merit has earned them admission to these prestigious institutions and it's a matter of personal choice which country they choose to settle in. Ekta's video elicited reactions on similar lines. She was criticised based on perception that she was trying to show India in poor light and was encouraging leaving home country. But Ekta got support from unexpected quarters when none other than the CEO of Truecaller rallied behind her. "People really want to misunderstand her to make fun of her. This is not OK!! Ekta, don't listen to all these clowns making fun of you. I think you're cool and living the dream! When you're done with school, you're welcome to work at Truecaller in any of our offices around the globe," read the post by Alan Mamedi, CEO of Truecaller. People really want to misunderstand her to make fun of her. This is not OK!! Ekta, don't listen to all these clowns making fun of you. I think you're cool and living the dream! When you're done with school, you're welcome to work at Truecaller in any of our offices around the 🌏 https://t.co/PuotNAMwKK — Alan Mamedi (@AlanMamedi) August 3, 2023 × You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

After being trolled for 'dream to leave India' comment, student gets job offer from Truecaller CEO

Indian-born CEOs are dominating the world. But, how does their success help India? Are they building brand India or do they represent lost Indian talent? On Gravitas Plus, Palki Sharma gets you the story of the Great Indian Brain Drain.

Gravitas Plus: The Great Indian Brain Drain

Poland has introduced a new law in the country to keep a check on the rising brain drain.

The law aims at scrapping income tax for nearly 2 million young workers and&nbsp;will come into effect this week.

Poles under the age of 26 earning less than 85,528 Polish zloty ($22,547) a year will be exempt from the country's 18 per cent&nbsp;income tax starting August 1.&nbsp;

The country has been experiencing increasing brain drain since the past 15 years after it joined the European Union.

Prime Minister Mateusz Morawiecki claims that the&nbsp;law will bring new opportunities for the young citizens of the country.

&nbsp;

Poland has introduced a new law in the country to keep a check on the rising brain drain. The law aims at scrapping income tax for nearly 2 million young workers and will come into effect this week.

Poland has introduced a new law in the country to keep a check on the rising brain drain. The law aims at scrapping income tax for nearly 2 million young workers and will come into effect this week. Poles under the age of 26 earning less than 85,528 Polish zloty ($22,547) a year will be exempt from the country's 18 per cent income tax starting August 1. The country has been experiencing increasing brain drain since the past 15 years after it joined the European Union. Prime Minister Mateusz Morawiecki claims that the law will bring new opportunities for the young citizens of the country.

Poland scraps income tax for young workers

brain-drain

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