Made In India but ‘for’ Abroad

Where Mumbai is the highest paying work destination for expatriates in the world our tech prodigies still undervalue the potential of indigenous opportunity. This isn’t an arbitrage trade where you spend in rupees, earn in dollars and multiply the difference. Brain drain is an ailment for developing countries. Inspite of global integration of trade and business by virtue of technology, growth still favours some and leaves others struggling to ascend the ladder. Human capital or the workforce of developed economies contribute to their and country’s growth, whereas people from developing economies in the quest of self enhancement ignore their nations prosperity.

Flipping through the pages of history, people have always clustered and concentrated in places offering differential growth opportunities and perhaps so led to the making of cities, towns and states. So when our predecessors migrated to cities nobody questioned their selfish intention to foster and therefore given the age of massive cross border mobility, working overseas is a mere repercussion of globalisation.

There is absolute contradiction in the former and latter views, but I reckon the need to bring mechanisms in place which enable our citizens working abroad to contribute to the country’s growth. Taxing incomes at different rates and jurisdictions can be a probable solution, encouraging the immigrants to remit funds to India. Having said all this, still this problem remains floating, as you the government cannot ratify its citizen choices.