New ideas disrupt the system. Developing nations are by default conventional.
The US continues to be the wealthiest nation in the world because Americans are more open to new ideas than any other nation. They are inured to things changing, and usually, they change for the better.
A country open to original ideas creates space for them; a new market opens up. A country closed to ideas creates frustration, false stability, and inevitably, corruption. There would be much respect to the face—and daggers sticking in the back. So those who can, up and leave.
Which explains why over 50 percent of IIT talents find a perch in the US alone. There, they become well-employed and send a pittance home. If we had succeeded in retaining them, we would be a scientific and entrepreneurial nation and get all of it. In 2022, foreign remittances to India stood at $100 billion. Imagine what we might have achieved if this country had provided a decent work and life environment for the talented.
India ranks as one of the largest exporters of human capital worldwide. In 2022, over 560,000 skilled Indians migrated to OECD countries, marking a 30 percent increase from the previous year, according to International Migration Outlook, 2022. The US, UK and Canada were the top destinations. Canada alone has granted permanent residency to over 226,000 Indians in the past decade.
Diese Geschichte stammt aus der January 07, 2025-Ausgabe von The New Indian Express Kalaburagi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 07, 2025-Ausgabe von The New Indian Express Kalaburagi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
How To Be A Travel Junkie!
This two-day travel festival in Mumbai this week brings together destinations, cultural experiences, food and more to inspire Indian globetrotters.
SA20: Skipper Markram aims a threepeat with Sunrisers Eastern Cape
FRESH from playing a key role in helping South Africa qualify for the third edition of the World Test Championship, Aiden Markram has set his sights on a threepeat with Sunrisers Eastern Cape in the SA20.
BFI Adopts New Weight Classes
The Boxing Federation of India (BFI) is conducting the men's national championships here in 10 weight categories, in line with the classification introduced by the breakaway World Boxing.
Janssen-sational: TN Dragons pip Team Gonasika
JIP JANSSEN slammed a hat-trick to steer Tamil Nadu Dragons to a tight 6-5 win over Team Gonasika in a high-scoring Hockey India League (HIL) clash here on Wednesday.
Malaysia Open: Prannoy, Sat-Chi Enter Round of 16
HS Prannoy's match, his first since the Paris Olympics, was halted by rain on Tuesday.
Selective application undermines credibility of sports governance
PT Usha and sports ministry are at loggerheads over the Indian Golf Union recognition.
Newcastle FC put one foot in League Cup final
NEWCASTLE took a giant stride towards the League Cup final as goals from Alexander Isak and Anthony Gordon earned a 2-0 semifinal, first leg lead at Arsenal on Tuesday.
Sebi finds broker with 1,103 fake client codes
MARKET regulator Sebi has found that a little known stock broker, Stockholding Services, which is the broking arm of Stock Holding Corporation of India, made thousands of fake client codes in violation of the mandatory KYC norms.
SBI Lowers FY25 Economic Growth to 6.3%
The State Bank of India has revised its forecast for India's GDP growth for financial year 2024-25 (FY25) to 6.3%, down from the National Statistical Office's (NSO) projection of 6.4%.
Sebi Warns Ola Electric Over Lapses in Disclosure Norms
MARKETS regulator Sebi on Wednesday issued an administrative warning to electric two-wheeler maker Ola Electric Mobility for violating disclosure norms.