US is a sinking ship....NRI still want to be on it.

[krishnaaa]

53 minutes ago, baabaa said:

I dont understand what you are trying to say.

If you mean citizens of high income countries [US/Can/Aus/UK/NZ Citizens of Indian Origin] then the number is so low that its not even registering in immigration numbers.

If you mean Citizens of India moving out then you have emigration statistics. 

And if you are saying more citizens of india are coming back than moving out then its just your expat group example. The fact is more indian citizens are moving out than indian citizens coming back. 

Post some verifiable facts instead of saying my whatsapp group or my expat group. 

As I said, as India becomes a middle income country the outbound flow will definitely reduce. 

What you are claiming that I have said is completely wrong. Read this thread once again. You should find your answer.

 

[ismartganesh]

 

[krishnaaa]

 

[venkappa]

What about culture. India is still quite conservative socially speaking.

[krishnaaa]

34 minutes ago, venkappa said:

What about culture. India is still quite conservative socially speaking.

Thats actually better.

Being overly liberal destroys the civilization.

[venkappa]

1 minute ago, krishnaaa said:

Thats actually better.

Being overly liberal destroys the civilization.

Youth do not think like that. They want freedom > stability.

[krishnaaa]

1 hour ago, venkappa said:

Youth do not think like that. They want freedom > stability.

Thats a natural progression. Hope it comes to a balance rathar than going out of control.

[baabaa]

5 hours ago, krishnaaa said:

What you are claiming that I have said is completely wrong. Read this thread once again. You should find your answer.

 

I still don't understand what you are trying to say and supporting going back to India. Anyways, its up to each person and each family situation.

But as far as economics/salary is concerned its not even a competition and india still has a long way to go. Environment also has to improve drastically.

For eg. one of my cousin works as .net developer in a bank here and has a independent house in Charlotte and decent car. His brother works in HDFC IT dept doing same work and has a 2 bedroom flat. I could easily see the difference in lifestyle between two brothers doing exact same work. Till that is somewhat comparable, ppl will keep moving here. But for now its not even close.

You should not compare a regular .net developer in bank here with a FAANG guy in India. Keep apples to apples and then you will understand.

[krishnaaa]

9 minutes ago, baabaa said:

I still don't understand what you are trying to say and supporting going back to India. Anyways, its up to each person and each family situation.

But as far as economics/salary is concerned its not even a competition and india still has a long way to go. Environment also has to improve drastically.

For eg. one of my cousin works as .net developer in a bank here and has a independent house in Charlotte and decent car. His brother works in HDFC IT dept doing same work and has a 2 bedroom flat. I could easily see the difference in lifestyle between two brothers doing exact same work. Till that is somewhat comparable, ppl will keep moving here. But for now its not even close.

You should not compare a regular .net developer in bank here with a FAANG guy in India. Keep apples to apples and then you will understand.

Firstly I never said that more people are coming back when compared to people who are going out.I have talked in terms of percentage increases year over year.

 

Keeping that aside, I have already talked about an average guy but will do it again. I hope we are not talking about someone who came long time back.

When you talk about lifestyle, we should talk all aspects rathar than just possessions. An average guy coming to US  will have to afford doing Masters and lose 2 years. The money spent on Masters and the savings from salary could be invested.

Next step would be to struggle in getting a H1B and maintaining it.  Inspite of all this, a house and decent car could be bought.....but mostly on loan. 

He will still have to cook and clean even when work gets hectic or resort to eating outside.

Next struggle would be with kids. He would have no support other than parents coming in from India. The brother in India doesn't have to book flight tickets for his parents to visit him Or book flight tickets to make India visits and spend all the accumulated PTOs.

Next major issue would be health insurance. Healthcare is cheap in India.

Which of the 2 brothers do you think would be able to retire early? In US, after retirement, health insurance in itself would cost couple thousand dollars a month to cover the family. 

And by the time he becomes a citizen, he will be 50. In the meanwhile, if there is job loss or any other significant event, there won't be a safety net to fall back on in US.

Regarding the guy from India, he would be better off renting and using the money to buy land or investing on indexes instead to generate passive income. Rental yeild is very low in India. Its pure stupidity to buy an apartment with low landshare.

Don't attribute financial missteps to a problem with the country.

[krishnaaa]