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Human Capital Flight
Human Capital Flight or Brain Drain means the migration of skilled people to other countries. This migration of skilled individuals is due to lack of opportunities, health hazards or may be due to conflicts.
In our country, most of the skilled as well as talented individuals are migrating to other nations due to higher wages and better job opportunities. Since 30 years many dynamic and bright youngsters have migrated mainly to US. Early 1960’s onwards top IIT students emigrated to other nations.
The main advantages of Brain Drain are money remittances helped poverty and reduce in child labour. Development in education, self-employment and enterprises. The money spent more on investment for the development of education, health and housing.
This emigration resulted in innumerous problems also in the public sector and increase in wages of high-skill labour. And there is lack of skilled and talent people in the motherland, who now are the assets to other country.