The loss of human capital from our country is known as brain drain. It is taking place in most of the developing countries like India, though for the developed countries, after their digital colonisation over the world, this is an excellent opportunity for gaining brains which can maintain their strategic development. Then, how is it good for a developing countries like India?
Though, it comes with a lot of disadvantages, it has its own perks for those who seek it. The people who are often given this option and therefore, who often take it are after all, they are highly skilled. The main reason for it to happen is unemployment. So the people who are leaving the country for these jobs are highly educated individuals who want a good job and a good income. This is actually reducing the number of unemployed in India and also helping the individual and their families develop financially. This is also helping the individual get more and varied opportunities.
There is a lot of educational opportunities as the individual gets the opportunity to learn new skill in precise settings. This can help develop the nation as if the individual desires to come back and get a job in the developing country, he/she can apply it to his working domain and impart the same knowledge to others as well.
Overseas remittances is one way how brain drain helps. People send the money back to their native nation and India actually has highest amount of foreign income coming back as remittances. This can also help alleviate individual poverty.
It has also increased the level of education in the country and the infrastructure has also improved. The alarm of losing educated people is also ringing to the extent that brain drain has become a major issue. The people residing in the country also get more employment opportunities in this way.
It also helps the country attract foreign students and become globally associated with other nations and domains of knowledge.