Sunday, April 16, 2006

Bringing the boys back home
I presume that until the year 2002, the brain drain was a bit too high considering the students who passed out of college coming to the United States to pursue higher education, eventually leading to a job and settling down here. Since then, the turn out of grads have lessened tremendously. Post 2002, there have been very few people who turned out and the dwindling numbers stand to prove it. Even people who have been here for quite some time, say about 5 years are deliberating going back home. Management institutions in India compete with one another in this brutal battle and the net result is, Who's taking home the max salary? Why, not only on the management side, from the technical side too, the pay package has been drastically increasing every year. When I passed out of college with a job, I was on a probational status with a monthly take home of 17000 Rupees. Now, for the same fresher, I think its gone upto 25000 Rupees. Moreover, the economic boom that India is reaching right now is also one of the main factors. The spending limit on the Rupee has exceed more in the past 2 years. Home loans leased out for the maximum amount, credit cards issued with ease, the working class generation are being exposed to a concepts there were totally a stranger to- "Freedom" and "Independence". Well, in the end, when the white collared engineer with over 3 years of experience who earns a take home of 50000 USD gets a pay package of 15 lacs a year in India with all the other bonuses not included. That really makes a lot of sense as to why people are now looking for greener pastures in India- The land of opportunities.

2 Comments:

Anonymous dinesh n m said...

so, what's your plan?

April 18, 2006 7:54 AM  
Blogger Vikram Prasad said...

Time will tell,Dinesh.

April 18, 2006 8:19 AM  

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