The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
T R Srinath, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur
A new bill introduced by Democratic Congresswoman Zoe Lofgren proposing changes in the H-1B visa programme seeks to raise the minimum salary under the scheme to $1,30,000 from the current $60,000. The legislation, if passed, could hit Indian and American IT companies which use H-1B visas to hire foreign skilled workers, including Indians.
Even 8th standard social studies textbooks talk about the menace of brain drain. We’ve been taught that brain drain is bad and that the flight of skilled and educated Indians to foreign countries is something that causes harm to the country. Even though they might bring in a little forex, the loss of fine human capital does irreparable harm to the nation’s economy.
That being said, we must welcome this bold move of the Trump government. Nowadays, settling in the US is the only dream of many youngsters. Fantasized by the standard of living in the developed countries, these youngsters dream of settling there. Isn’t that a form of escapism? If your home is dirty, will you abandon it and settle in your neighbour’s house? Or, would you clean it up and live there peacefully? The brave will prefer the latter.
Despite enjoying highly subsidized education at premier institutes like the IITs and IIMs, the talented youth ends up being of little value to the nation’s development. It’s an investment gone waste. If this new policy of Trump can help India retain its skilled workforce in its own land, we can definitely turn India into a place better than the US!