Every now and then, concern about a ‘brain drain’ sapping India of her most productive citizens is raised in the media. This phrase refers to the notion that skilled people are leaving India for better career and lifestyle opportunities abroad, leading to a shortage of social capital locally.
There is much truth in this concern. India is not anywhere among the most desirable countries to live or work. More people leave India than enter it, as evidenced by its negative migration rate. India’s popularity among foreigners is low, leading it to have approximately the same migration rate as nations like Kenya and Ghana. This can be contrasted to Australia where more people immigrate into the country than emigrate from it, leading to a positive net migration rate. Addressing the factors that have caused the mass exodus from India won’t happen overnight. These factors relate to the fact that India is not by any objective measure a free society. The Heritage Foundation’s ranking of economic freedom places India at 120 in the world, which once again places it in the company of backward African economies. Unsurprisingly, India also has a lower Gross Domestic Product per capita than Australia.
0 Comments
|
AuthorSubscribe to my newsletter and Youtube channel. Categories
All
Archives
November 2022
|