Not anymore !
Things have changed drastically over last 3-4 years. Infact, due to India’s booming economy and opportunities galore, it is now becoming a preferred job destination among many graduates. Even IITians, who were known to move to US and other developed countries for job and higher studies are reversing the trend.
Evalueserve, a leading global research and analytics firm recently released a survey that has some interesting numbers:
According to the study, among IITians, who graduated between 1964 and 2001, 35 per cent moved to countries other than India, while 65 per cent preferred to stay back. However, among IITians who graduated in 2002 and later, only 16 per cent went abroad, while 84 per cent remained in India. “Recent graduates also believe India will be the most promising geography for IIT graduates in 10 years,” it says.
Study also pointed out that, among IITians, who graduated during 1964 and 2001, 60 per cent believed that when they were graduating, the U.S. and other developed countries provided better opportunities, while the remaining said it was India which provided job prospects. However, among those who passed out of the IITs between 2002 and 2008, this number dropped to 51 per cent who believed that developed countries would provide them better opportunities. [source]
Interestingly, when asked “10 years down the line, which geography do you think will hold the most promise for success?”, 72 per cent IITians chose India, with only 17 per cent opting for the US, 5 per cent for Europe and 2 per cent for China, the study adds.
I wouldn’t be surprised if in 10 years time youths from developed nations will start flogging India for further studies and Job opportunities.
What do you think?