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NRIOL.COM - Snippets


August 10, 2001

Brain drain costs India $2 billion a year

According to the latest UN report on human development India loses $2 billion annually as a result losing skilled professionals to the developed world. About 40 percent of the jobs provided under the H1B category were used by Indians during the 90's. Other than the United States, Indian professionals are now widely sought in many European countries, Japan and Australia.

The UN report estimates that the average cost of providing education to each professional at USD 15,000 to 20,000.

- nriol.com report

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