Group items tagged

"....190 million people (roughly 3% of the world's population) lives outside their country of birth in 2005....India Net Inflow of Migrants 2002-2005 -270,000 / Money sent home by migrants (in USD) $26.90 billion..."

In Comments.... Ramesh Natarajan: "As per estimates, By 2012, India could have an unemployed population anywhere in the range of 19 to 37 million, the largest share of which will be educated youth. By 2020, India is estimated to have a surplus working population of 45-50 million people. I would say, we need to best utilize the surplus working population both by increasing the domestic job opportunities as well as grabbing the global market demands. Interestingly, one reason for the currency getting strong is due to huge inflow of Foreign exchange to India, primarily due to high NRI remittances. "

"Why should we care? Because immigrants are critical to the country's long-term economic health. Despite the fact that they constitute only 12% of the U.S. population, immigrants have started 52% of Silicon Valley's technology companies and contributed to more than 25% of our global patents. They make up 24% of the U.S. science and engineering workforce holding bachelor's degrees and 47% of science and engineering workers who have PhDs. Immigrants have co-founded firms such as Google (GOOG), Intel (INTC), eBay (EBAY), and Yahoo! (YHOO). "