From Brain Drain to Brain Gain The Impact of Developed Nations Immigration Restrictions on India's Innovation Ecosystem and Economic Growth

Abstract

This study explores the potential transformation a restrictive immigration policy in developed countries, the proposed H1B visa fee of 100,000 dollars a year in the United States, and the irony of its success to the economic future of India. By thoroughly examining the trends in the migration of talent, the economic indicators and past examples, this paper will show that the forced repatriation of skilled workers may trigger the development of India into a world power in terms of innovation. The study proves that since 71 percent of H1B visa users are Indian nationals, the possibility of hundreds of thousands of highly skilled professionals coming back is an ultimate chance of an economic revolution. We have found that India would accrue about 50-75billion in yearly economic benefit of returned talent, augmented foreign direct investment, and quicker development of startup ecosystems in the coming decade. The research also uses comparative study relying on successful talent repatriation model that has been implemented in China, and studies particular areas such as technology, pharmaceuticals, and financial services that India can develop as a global leader. This study adds to the data on how the new economies can use the changes in global policies to speed up the development process, which implies that the way India will react to this flow of talents will shape whether India will become the next innovation hub in the world or the generation will be missing this chance.