I am not alarmed about the rising talent migration from India. Here is why.
First, historic patterns. Talent migration from Korea/Taiwan to the US peaked in the 1970s and 80s (Japanese migration to the US peaked much earlier), talent migration from China peaked about 10 years ago. That was the time of rapid development and transformation of those nations.
When a country is extremely underdeveloped, talent migration is very low. When a country is very wealthy, talent migration is also very low. Talent migration peaks during the period of rapid development.
This is observable in silicon valley where migrants from India now well outpace those from China, Hong Kong and Taiwan.
Why does this happen? Rapid economic development is preceded by and happens due to rising aspiration levels; and talent migration also happens due to rising aspiration levels. Our aspirations necessarily race ahead of reality and it is precisely during the period of rapid growth that we have the most restless people, and it is the restless spirits who tend to migrate. We can observe that restlessness in India, particularly in urban tech centres.
Eventually when the full economic potential is realised, talent migration slows down or stops entirely. This pattern has been seen repeatedly.
As late as the 1980s, Japanese still refused to believe Japan had achieved parity with the West. Same with Korea in the late 1990s. I predict that even in 2035 with a per capita GDP upwards of $10K, Indians will likely lament how far behind we are. The last stage of catch up happens quickly over a decade (witness China is the last decade) but the foundations have to be laid over many previous decades and those previous decades feel like a slog. We are slogging through that now in India.
To summarise, rising talent migration from India is not a symptom of hopelessness, it is the opposite.
Be an optimist! ๐
I hope all those celebrities who have tweeted today in unison calling on the rest of us to explore Indian beaches will walk the talk! This year, choose Lakshadweep over Maldives, Gokarna over Galle, Andamans over Bali, Puri/Puducherry over Phuket, Malpe over Mauritius, Sindhudurg over Seychelles, Diu over Dubai! And do send holiday pics. Truth is, the rich and famous love their luxury destinations (and yes privacy) abroad.. itโs the rest of us who are happy to laze on a shack in Goa! ๐