: Why youth, even super-rich trying to flee India in droves? #WorldNEWSAll Call it ‘brain drain’ but the flight of the youth in search of better education abroad is making Punjab, Haryana and Kerala

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Why youth, even super-rich trying to flee India in droves? #WorldNEWSAll
Call it ‘brain drain’ but the flight of the youth in search of better education abroad is making Punjab, Haryana and Kerala devoid of the younger generation.
The dichotomy is glaring. After all, if India is poised to become a US $ 5 trillion economy by 2027-28 or at best by 2030, why is that the youth and for that matter even the super-rich are trying to flee the country in large numbers.
Still more importantly, aren’t they excited at the immense possibilities that the fastest growing among the major economies is expected to throw open once India leaves behind Japan and Germany to emerge as the third largest economy, and that too before 2030, as per the projections of the global investment bank Morgan Stanley?
Skipping the usual route of rural to urban migration that the policy makers had encouraged all these years, the youth have charted a new migratory route – straight from the villages to the foreign countries.
Not only the youth, the super-rich too have been increasingly giving up Indian citizenship and looking for opportunities to settle abroad. These high net-worth individuals (HNWI), as they are generally referred to, have liquid assets exceeding $ 1 million that are available for investment.
Since 2011, more than 16-lakh rich Indians have given up citizenship, including 183,741 this year, Parliament was informed. “The exodus of 2022 takes the total number of Indians renouncing Indian citizenship under the government in the past nine years since 2014 to over 12. 5-lakh people,” Mahua Moitra from the TMC had said in Parliament recently.
I thought the rich should have instead waited for some more time to look for better economic and business opportunities in the years to come that the government has been promising. But with developed countries providing citizenship to the high net-worth individuals, an increasing number of the rich within the country has been slowly moving out.
After amassing wealth within the country, these super-rich are moving abroad looking for a better living environment. The loss that the domestic economy suffers with such families moving out becomes an economic gain for the country granting citizenship.
Nevertheless, let’s return back to the worrying trend of growing migration among the youth and that too in search of higher education. While this is a clear indictment of the dismal education quality standards that prevail here, and add to it the lack of suitable employment opportunities, the youth are looking for greener pastures abroad.
Sadly, instead of improving higher education standards, many state governments are helping by supporting those who are keen to seek admission in foreign universities.

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