India has overcome the problem of ‘brain drain’, says Manmohan Singh
December 2nd, 2010 - 10:16 pm ICT by ANI
New Delhi, Dec.2 (ANI): Prime Minister Manmohan Singh said on Thursday that India has overcome the problem of ‘brain drain’ and is drawing on the global ‘brain bank’ of people of Indian origin.
In a speech at the Hiren Mukherjee Memorial Lecture in the Parliament House today, Dr. Singh said: “Today, we in India are experiencing the benefits of the reverse flow of income, investment and expertise from the global Indian diaspora.”
Dr. Singh said the problem of ‘brain drain’ has been converted into an opportunity of ‘brain gain’.
“We are drawing on the global ‘brain bank’ of people of Indian origin world wide,” he said.
The Prime Minister welcomed the renowned economist Jagdish Bhagwati, saying, he was one of the shining stars of that community of global Indians.
Dr. Singh said Bhagwati was among the first to study the phenomenon of ‘brain drain’ and identify its benefits for the country.
Noting that Bhagwati was among the architects of the World Trade Organisation and continued to guide it, Dr. Singh said Bhagwati and his wife were pioneers among economists who questioned the efficacy of the licence-permit control raj.
During the occasion, Vice President Dr. Hamid Ansari referred to the ongoing pandemonium in Parliament, saying founding fathers took great pride in the effective working of Parliament.
“It is in the arena of public debate that one looks back with a sense of nostalgia to the initial years of our Republic,” said Dr. Ansari.
Dr. Ansari further said Bhagwati has addressed the issue of societal inequalities and has argued that any discussion of inequality has to be in a social and political context and cannot be an academic or statistical exercise.
“The ambit of the term ‘reform’ goes beyond correctives to economic activity. To what extent have Indian reforms alleviated poverty and addressed inequality is a subject matter not just for the economists,” said Ansari.
Dr. Ansari observed that it would also be pertinent to explore the need for fundamental reforms in non-economic contexts, especially in governance.
“We can ill afford the economic, social and political cost of not addressing reforms in these contexts,” said Dr. Ansari. (ANI)
- Bhagwati to speak on Indian economy, reforms - Dec 01, 2010
- Jagdish Bhagwati to deliver Hiren Mukherjee Lecture - Nov 25, 2010
- Bhutanese PM to speak in India on gross national happiness - Dec 13, 2011
- Scientific knowledge essential to enable reforms: Bhagwati - Dec 02, 2010
- 2G should have been auctioned, says Jagdish Bhagwati - Dec 22, 2011
- Even blind are witness to bribery in India: Bhagwati - Dec 02, 2010
- 'Early enactment of national health bill needed' - Sep 06, 2011
- Increase investment in India: Pranab urges diaspora - Jan 08, 2012
- BRIC should come together to form a global fund: Stiglitz - Jan 14, 2012
- Vice President Ansari to highlight menace of global terror at ASEM in Belgium - Oct 03, 2010
- India, US can cooperate for global economic development: President - Nov 08, 2010
- Top French honour for Maharashtra economist - Jun 24, 2011
- Direct tax code to come into force from April 2012: Pranab - Dec 07, 2011
- Jamia honours Amartya Sen (With Image) - Dec 16, 2011
- Health is a political subject: Amartya Sen - Jul 10, 2011
Tags: architects of the world, brain bank, brain gain, dr ansari, dr singh, global brain, global indians, hiren, income investment, indian diaspora, indian origin, jagdish bhagwati, manmohan singh, prime minister manmohan, prime minister manmohan singh, problem of brain drain, renowned economist, shining stars, working of parliament, world trade organisation