Finance, Forex and Investments

Why people intrested to work in US as In India economy better than US?

Public Comments

1. Just because the US is headed towards a possible recession while the Indian economy is booming you cannot say that the Indian economy is better. People are still interested in moving to the US because the average US resident's compensation per hour of work is far greater.
2. may be they dont know about value of india
3. The standard of life is far far better in US. You are misled by Indians who say the dollar is falling. If I remember 1$ was equal to 6 rupees in 1975 and now 38 rupees.I will leave it to you to judge.
4. While the Indian economy is doing well, there are many many barriers to entry for companies, as therefore it is not doing as well as it could. The bearucratic corruption that is rampant in many parts of the country and the economy is what is retarding India's growth from eclipsing China. People become interested in working in the US simply because there are fewer barriers and less corruption within the economy, which means increased stability. Moreover, while India is definitely a bright star (if not THE brightest star) on the horizon, there are still exists a social class structure that precludes the development and enchancement of members within their society. As a result, India experiences what is known as a brain-drain. They train and educate people who seek a better life elsewhere.
5. 1) The US economy will continue to grow as long as people all over the world trade in US$-simply because when u trade in US$,the US Fed bank can keep printing Dollars-thats international trading system.A collapse of the dollar is never gonna happen. 2)The US economy is worth 15 trillion dollars whereas India is yet to touch 1 trillion. 3)The US society is less corrupt, provided all necessary support, infrastructure and governement assistance for your education,setting up business,social security(in case u lose ur job),health care etc. In case of India, the government and the Beureucracy is the biggest stumbling block to development. The govt officers are corrupt and will not spare any attempt to smother people with genuine skills to set up industries etc. They will play politics, caste discrimination and what not-to stifle development. 4)The political mindset is corrupt and never improves-we have goons as Ministers and wifes of Mafia dons as members of parliament, and ofcourse rabid caste baiters like Mayawati and Mulayam singh- can u imagine where India is headed after another 25 years with people like these at the hlm of the affair. No-the well educated put up a fight for a better life in India and then when they find that its not possible to keep their self respect in India-they go off to foriegn shores. Why is it that most Indians have do exceedingly well in USA and not in India? The reason is that not all Indians are "Narayan Murthy" or Abdul Kalam Azad. Not everybody can fight the way they did-as humans they found a way to live in dignity-atleast they dont have to live with the miserable feeling that they voted for a goon called "Arun Gawli"!!!!
6. Because little investment in India will have big outputs. And now per capita the UK is richer than the US first time since 19th centruary, not such a promising prospect for the US
7. US economy at present is in turmoil,as we have seen there are ups and downs in business that is what is happening at present in US.Economy can be turned around we all know US is the wealthiest country in the world.Indian economy is booming as you say,but what percentage of the population are reaping the rewards,there is no distribution of wealth within society therefore people who get opportunity to better life have no option but to emigrate.Perhaps you are very wise and you may stay put.You may also have noticed that the NRI's sending money back to India and living in luxury when they return.