Venky Harinarayan, a pass out of Indian Institute of Technology and the founder of an e-commerce software company, Junglee, became an overnight millionaire when he along with his four co-founders (also IIT graduates) of the company decided to sell ‘Junglee’ to Amazon.com for $ 180 million. One of the remarkable deals of 1998 summers, especially for all Indian pass outs.
The Indian engineers are famous through out the world for their high technical skills blended with the innovative minds which obviously make them favorite of most of the companies including the leaders of the market.
This sounds very natural when you talk of Indian engineers because of the cut throat competitions that they have to go through while they desire to seek admissions in the top Indian universities. There after they begin with building up their careers by going through the tough studies and rigorous trainings that help them to excel where ever they go in world. Their deep go approach and conceptually understanding of things is what makes the one understand the difference in the high Indian Education Standards as compared to what the other worldwide universities curriculum.
Indian Institutes like IIT’s IIM’s are famous worldwide.
It is estimated that around 50 per cent of India's graduates from the Indian Institutes of Technology (IITs) and the Indian Institutes of Management (IIMs), the top 20 per cent of graduates from medical schools, and the top 15 per cent of graduates in the humanities leave the country , to work in US, Europe, Japan and other developed nations of Middle East.
The much known high-tech companies like Microsoft, Intel, Cisco, Sun Microsystems, etc send recruiters across the Pacific on yearly trips to add on fresh Indian brains to their professional family.
The statistics of success of Indian graduates are sky touching. There is a substantial increase in the number of students leaving the country after completing their engineering from year to year. Mostly it is either to seek admissions in the professional courses in the universities of their choice or else to join some multinational and start with the second phase of career rather than continuing to be a part of some school. A small ratio works over to open their private companies and leave a landmark in it that sets an example for the freshers.
As per the recent statistics, there are around 305 universities and 14,000 colleges in India from which approximately three million students successfully complete their graduation every year. Those holding the engineering degrees aim generally to leave for abroad, mostly to U.S. The others try their chance in other countries like Europe , Japan and other places. Rest either get absorbed in the major corporates like Tata Consultancy, Wipro, Infosys, Hindustan Lever, Reliance, ITC etc, or prefer to continue with the masters in India or abroad.
In the period of 1995 to 1998, only 10% of the IITians contributed to the Silicon Valley population. With the time there was an increase in the emigration of Indian professionals such as doctors, scientists and humanities professors, and the time has come when a small community comprising 1.4 million Indian American has been named as the ‘model community’.
India 's education system produces around 85,000 workers, 36,000 of whom emigrate to the US , 10,000 each to Japan and Europe . Looking into it more deeply, around 75% of computer professionals and rest from other trades abandon the country in search of better future aspects. A big ratio of these have been able to successfully establish themselves as multi-millionaires in IITan entrepreneurs with companies worth more than $40 billion. A few of them have raised to be called as the world’s best programmers while others have turned up to the board rooms of companies like CitiGroup, U.S. Airways, Novell and in managing director positions at top Wall Street investment banks.
Less than 10 percent of this substantial ratio return to India , ruining the country of it’s most valuable resources; the young brains that determines the future of the country.
This happens chiefly because of the better future aspects that a student gets to find in the developed nations. The mad rush among the Indian students to get enrolled in the foreign universities is mainly due to their technological advancements. They are much ahead of Indians technically, and it is much easy to carry out the researches there. The students and employees both get to know about the latest researches being completed and the technical applications come faster in the market, while it takes a very long period to adopt the new work in practice. Apart from this, the students have the opportunity to personally meet the personalities in their areas of interest and clear their doubts and confusions, something that has hardly taken place in India .
What more drives them to abroad is the better pay scale. The multinationals value their work and pay according to the amount of hard work, innovation, etc put in by their worker. The more you dedicate yourself to their work, the more they pay you for your benefits. Thus the chances of promotion are solely based on the work criteria and hence higher. But if you settle in for some government office in India , you will end up putting in your whole life working at the same position for the income that will merely support your family. The promotion largely depends upon the amount of time you held the office and other political factors that generally look forward to hinder your progress. The innovative ideas and experiments hold no value here, and unlike foreign countries, the same old outdated system that has been continuing from the time we can recall continues to be in use even today. The high financial security, better infrastructure, and luxurious easy life that rewards you as per your work and skills is the major reason why Indians prefer to settle outside and never return back.
This tradition has had a major set back on the growth and development of the country, even though it stands on top when it comes to producing the highest quality technical labor. A National Association of Software and Service Companies report has projected that India needs 1,40,000 workers for 2000-2001 , while the country substantially lacks the number due to the brain drain. What can be worse for a nation that it stands on third rank in world for holding the technically largest pool of labors and on top in software exports, but still has nothing to hold in its own hands.
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