chapter  8
7 Pages

Conclusion

Increasing economic globalization has accelerated the process of cross-border human capital mobility. The phenomenon of transnationalism is manifested by transborder communities and individuals who have affiliations with more than one country. With the decrease of executive talent in developed economies and coupled with low fertility levels, the trend towards attracting foreign human capital will increase. India has become one of the main global sources of human capital because of its English-speaking graduates and its reputation for quality graduates from branded tertiary institutions such as the IIMs and the IITs. The emergence of India as the other Asian economic giant besides China has attracted multinational companies to relocate to India to leverage on its human capital. However, despite the presence of MNCs and more employment opportunities, Indian human capital is still moving out of India. A growing trend has also seen the recruitment of foreign talent for employment in India especially in the booming information technology enabled services (ITES) sector.