Diaspora to reverse India's brain drain: PM
The PM is promising that India's 25-mn diaspora will return to their home, eventually increasing the GDP.india Updated: Nov 06, 2006 18:04 IST
India will see larger inflows of talented professionals, particularly from the country's 25-million diaspora spread across 110 countries, thanks to the nation's standing in the global knowledge economy, Prime Minister Manmohan Singh said on Monday.
"As the Indian economy modernises and grows, we should expect a reverse migration of talent, especially from the diaspora," Manmohan Singh told the silver jubilee function of the Indian Council for Research on International Economic Relations (ICREAR) in the capital.
"What I would call a reverse brain drain is in the making - how can we encourage this? What domestic policy changes do we make to encourage this?" he queried, asking leading think tanks like ICREAR to study its implications.
The prime minister - who was a founder member of ICREAR's general body - said areas such as the likely impact of reverse brain drain in various sectors and regions needed particular attention.
The Manmohan Singh government was the first to set up a separate ministry to deal with the diaspora - the Ministry of Overseas Indian Affairs.
Last month, the prime minister said the annual outlay on science and technology would be increased from less than one per cent of gross domestic product to two per cent over five years and encourage a reverse brain drain of some of the country's brightest students abroad.