Role of IITs and IIMs in Brain Drain

774 WordsFeb 23, 20183 Pages
Role of IITs and IIMs in Brain Drain The UNDP estimates that India loses $2 billion a year because of the emigration of computer experts to the U.S.[1] These are estimates for computer experts only. Add in to the many graduates from the IITs and IIMs who go to foreign countries for one reason or another and we are looking at some serious resource losses, in monetary terms as well as human resource capital. Considering the huge money from the tax-payers that goes in subsidizing the education at the premier institutes like IITs and IIMs, there has been scathing comments on these communities. These institutions serve the process of brain drain, as the graduates & post-graduates from these are highly valued in foreign countries, and they go to foreign either for studying or on job assignments and then settling there permanently. Until liberalization started in early 1990s, India experienced large scale emigration of IITians to developed countries, especially to the United States. Since 1953, nearly twenty-five thousand IITians have settled in the USA. [2] However, in recent scenarios, the number of students going outside for study has decreased. This is because of loss of interest in technical studies or sometimes due to more interesting and challenging opportunities elsewhere, in other sectors. However, most of the graduates who no doubt, secure very good jobs from IITs in IT giants like Google, Facebook etc. or in investment banking, Big FMCGs etc., at some point of time or

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