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2006 Shantanu BhagwatNot to be distributed without prior consent 2006 Shantanu Bhagwat

India- Defining Global Talent Flows

Shantanu Bhagwat

The contents of this presentation and the opinions expressed therein (unless stated otherwise), are the intellectual property of Shantanu Bhagwat and shouldnot be used, quoted, transmitted or distributed in any form or manner, without the explicit and written consent of the author. Shantanu Bhagwat, 2007Email: shantanu20ATgmail.com


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Not to be distributed without prior consent 2006 Shantanu Bhagwat

Agenda

A Dramatic Change in Perceptions


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Do you have computers in India?

* Image courtesy: Rhymer Rigby


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Agenda

A Dramatic Change in PerceptionsA Dramatic Change in Perceptions

The Re-Emergence of India


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The Re-Emergence of India

While India produced about 25 percent of world industrial outputin 1750, this figure had fallen to only 2 percent by 1900. Indias Deindustrialisation in the 18th and 19th Centuries, David

Clingingsmith and Jeffrey G Williamson

In 1830s, Bengal alone had 100,000 schools and a fairlyadvanced indigenous medical system that included inoculationagainst small-pox*

not just that, the literary rate in India before the British (c. 18thcentury) was higher than that in England*

http://www.newindpress.com/column/News.asp?Topic=97&Title=S%2EGurumurthy&ID=IE620061115230938&nDate=&Sub=&Cat


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The Re-Emergence of India "China and India combined to produce nearly half the world's

economic output in 1820 compared to just 1.8% for the U.S. Michael Milken, Wall Street Journal, Sept 06

After two centuries of Western domination, China and India arepoised to claim their places The Great Reverse, Clyde Prestowitz


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Agenda


TheThe ReRe--EmergenceEmergence of Indiaof India

Many more Argonauts

The demographic dividend


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The Demographic Dividend

0

400

800

1,200

2001 2016

0 to 14 yrs 15 to 59 yrs 60 yrs & above

1,027m

1,268mOverall Growth ~ 23%

Growth ~ 36%

598m

811m

Population(m)

Population(m)


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Source: Sylvester J Schieber, VP, Watson Wyatt http://www.ssab.gov/immigration-forum/documents/SCHIEBER-0905.pdf

Many more Argonauts


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Young, Smart and Footloose


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NSI - The Non-Stationary Indian

* Image courtesy: Mayang


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Agenda



Many more ArgonautsMany more Argonauts

The demographic dividendThe demographic dividend Immigration, Innovation and Entrepreneurship

Migrants, by definition, are more risk-taking


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Immigration, Innovation andEntrepreneurship

Over the past 15 years, 25 percent of U.S. public companies that wereVC-backed were started by immigrants. Although legal immigrants account only for 8.7% of the population

Some of these companies include Google, Yahoo, eBay, SunMicrosystems, Intel and Solectron

Together these companies account for an impressive market capexceeding $500 billion.

However, two-thirds of respondents said U.S. immigration policy hasmade it increasingly difficult to start a business in America and anearly-equal percentage felt that the visa policies, particularly thelimited number of H1-B visas allotted to companies harm American

competitiveness.

What will be even more interesting to watch is the effect of some ofthese immigrants returning back to their countries of origin particularlyin terms of the impact that they will have on their home economies

* Source: NVCA, Red Herring and http://global-themes.com/immigration-innovation-and-entrepreneurship/


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Agenda



Many more ArgonautsMany more Argonauts

The demographic dividendThe demographic dividend Immigration, Innovation and EntrepreneurshipImmigration, Innovation and Entrepreneurship

Migrants, by definition, are more riskMigrants, by definition, are more risk--takingtaking

Links between UK and India Gnarled branches of a huge banyan tree


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UK and India

* Image courtesy: Prasad Ullal


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