Brain Drain/Brain Gain: Socio Economic Effect on Indian Society
Sayali Vijay Sankpal1, Kasturi Rohit Naik2
1Ms. Sayali Vijay Sankpal, Department of Minerals Management Service, Navinchandra Mehta Institute of Technology and Development. Dadar, Mumbai (Maharashtra). India.
2Ms. Kasturi Rohit Naik, Assistant Professor, Department of Minerals Management Service, Navinchandra Mehta Institute of Technology and Development, Dadar, Mumbai (Maharashtra). India.
Manuscript received on August 19, 2015. | Revised Manuscript received on August 23, 2015. | Manuscript published on September 15, 2015. | PP: 5-6 | Volume-1 Issue-11, September 2015. | Retrieval Number: K00860911115
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This study reveals the socio economic effects of brain drain on Indian society. It studies various causes for brain drain & also shows how excess brain drain can cause severe problem to India, which leads to huge loses if preventive measures are not taken well before time. The paper shows that how a brain drain maybe converted into a brain gain with wider application where India might stand as a win-win scenario. Proper balance between brain drain & brain gain is the key to success for any countries development. Suggestions related to what India can do to handle the problem of brain drain effectively and efficiently are been stated. This paper attempts to review the literature on brain drain with objective of retention of the Indian talent & giving them better career opportunities for the development of the individual as well as the home country.
Keywords: Human capital flight, brain drain, brain circulation, reverse brain drain, retention, highly skilled, talents.