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©Not2006to beShantanudistributedBhagwatwithout prior consent © 2006 Shantanu Bhagwat

Bhagwat without prior consent © 2006 Shantanu Bhagwat India - Defining Global Talent Flows Shantanu Bhagwat
India - Defining Global Talent Flows Shantanu Bhagwat
India
- Defining Global Talent Flows
Shantanu Bhagwat

The contents of this presentation and the opinions expressed therein (unless stated otherwise), are the intellectual property of Shantanu Bhagwat and should not be used, quoted, transmitted or distributed in any form or manner, without the explicit and written consent of the author. © Shantanu Bhagwat, 2007 Email: shantanu20ATgmail.com

Not to be distributed without prior consent © 2006 Shantanu Bhagwat

Agenda

Not to be distributed without prior consent © 2006 Shantanu Bhagwat Agenda A Dramatic Change in

A Dramatic Change in Perceptions

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“Do you have computers in India?”

without prior consent © 2006 Shantanu Bhagwat “Do you have computers in India?” * Image courtesy:
without prior consent © 2006 Shantanu Bhagwat “Do you have computers in India?” * Image courtesy:

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Agenda

without prior consent © 2006 Shantanu Bhagwat Agenda A A Dramatic Dramatic Change Change in in

AA DramaticDramatic ChangeChange inin PerceptionsPerceptions The “Re-Emergence” of India

Not to be distributed without prior consent © 2006 Shantanu Bhagwat

The Re-Emergence of India…

© 2006 Shantanu Bhagwat The Re-Emergence of India… “While India produced about 25 percent of world

“While India produced about 25 percent of world industrial output in 1750, this figure had fallen to only 2 percent by 1900.“

“India’s Deindustrialisation in the 18th and 19th Centuries”, David Clingingsmith and Jeffrey G Williamson

In 1830s, Bengal alone had 100,000 schools and a fairly advanced indigenous medical system that included inoculation against small-pox*

…not just that, the literary rate in India before the British (c. 18th century) was higher than that in England*

http://www.newindpress.com/column/News.asp?Topic=97&Title=S%2EGurumurthy&ID=IE620061115230938&nDate=&Sub=&Cat

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The Re-Emergence of India…

© 2006 Shantanu Bhagwat The Re-Emergence of India… "China and India combined to produce nearly half

"China and India combined to produce nearly half the world's economic output in 1820 compared to just 1.8% for the U.S.

Michael Milken, Wall Street Journal, Sept ‘06

“After two centuries of Western domination, China and India are poised to claim their places”

“The Great Reverse”, Clyde Prestowitz

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Agenda

without prior consent © 2006 Shantanu Bhagwat Agenda A A Dramatic Dramatic Change Change in in

AA DramaticDramatic ChangeChange inin PerceptionsPerceptions TheThe ReRe--EmergenceEmergenceofof IndiaIndia Many more Argonauts

The demographic dividend

(m)Population

Population (m)

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The “Demographic Dividend”

© 2006 Shantanu Bhagwat The “Demographic Dividend” Overall Growth ~ 23% 1,268m 1,200 1,027m 800 811m
Overall Growth ~ 23% 1,268m 1,200 1,027m 800 811m Growth ~ 36% 598m 400 0
Overall Growth ~ 23%
1,268m
1,200
1,027m
800
811m
Growth ~ 36%
598m
400
0
2001
2016
0 to 14 yrs
15 to 59 yrs
60 yrs & above

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Many more “Argonauts”…

© 2006 Shantanu Bhagwat Many more “Argonauts”… Source: Sylvester J Schieber, VP, Watson Wyatt
© 2006 Shantanu Bhagwat Many more “Argonauts”… Source: Sylvester J Schieber, VP, Watson Wyatt

Source: Sylvester J Schieber, VP, Watson Wyatt http://www.ssab.gov/immigration-forum/documents/SCHIEBER-0905.pdf

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Young, Smart and Footloose…

Not to be distributed without prior consent © 2006 Shantanu Bhagwat Young, Smart and Footloose… 10
Not to be distributed without prior consent © 2006 Shantanu Bhagwat Young, Smart and Footloose… 10

Not to be distributed without prior consent © 2006 Shantanu Bhagwat

distributed without prior consent © 2006 Shantanu Bhagwat NSI - The “Non-Stationary” Indian * Image courtesy:

NSI - The “Non-Stationary” Indian

without prior consent © 2006 Shantanu Bhagwat NSI - The “Non-Stationary” Indian * Image courtesy: Mayang

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Agenda

without prior consent © 2006 Shantanu Bhagwat Agenda A A Dramatic Dramatic Change Change in in

AA DramaticDramatic ChangeChange inin PerceptionsPerceptions TheThe ReRe--EmergenceEmergenceofof IndiaIndia ManyMany moremore ArgonautsArgonauts

TheThe demographicdemographic dividenddividend

Immigration, Innovation and Entrepreneurship

Migrants, by definition, are more risk-taking…

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Immigration, Innovation and Entrepreneurship…

Bhagwat Immigration, Innovation and Entrepreneurship… Over the past 15 years, 25 percent of U.S. public companies

Over the past 15 years, 25 percent of U.S. public companies that were VC-backed were started by immigrants.

Although legal immigrants account only for 8.7% of the population

Some of these companies include Google, Yahoo, eBay, Sun Microsystems, Intel and Solectron

Together these companies account for an impressive market cap exceeding $500 billion.

However, two-thirds of respondents said “U.S. immigration policy has made it increasingly difficult to start a business in America” and “a nearly-equal percentage felt that the visa policies, particularly the limited number of H1-B visas allotted to companies “harm American competitiveness.”

What will be even more interesting to watch is the effect of some of these immigrants returning back to their countries of origin – particularly in terms of the impact that they will have on their “home” economies…

* Source: NVCA, Red Herring and http://global-themes.com/immigration-innovation-and-entrepreneurship/

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Not to be distributed without prior consent © 2006 Shantanu Bhagwat

Agenda

without prior consent © 2006 Shantanu Bhagwat Agenda A A Dramatic Dramatic Change Change in in

AA DramaticDramatic ChangeChange inin PerceptionsPerceptions TheThe ReRe--EmergenceEmergenceofof IndiaIndia ManyMany moremore ArgonautsArgonauts

TheThe demographicdemographic dividenddividend

Immigration,Immigration, InnovationInnovation andand EntrepreneurshipEntrepreneurship

Migrants,Migrants, byby definition,definition, areare moremore riskrisk--takingtaking

Links between UK and India

Gnarled branches of a huge banyan tree…

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UK and India…

Not to be distributed without prior consent © 2006 Shantanu Bhagwat UK and India… * Image
Not to be distributed without prior consent © 2006 Shantanu Bhagwat UK and India… * Image

Not to be distributed without prior consent © 2006 Shantanu Bhagwat

Thank you…

without prior consent © 2006 Shantanu Bhagwat Thank you… Shantanu Bhagwat @ www.global-themes.com The contents of
without prior consent © 2006 Shantanu Bhagwat Thank you… Shantanu Bhagwat @ www.global-themes.com The contents of

Shantanu Bhagwat @ www.global-themes.com

The contents of this presentation and the opinions expressed therein (unless stated otherwise), are the intellectual property of Shantanu Bhagwat and should

not be used, quoted, transmitted or distributed in any form or manner, without the explicit and written consent of the author. © Shantanu Bhagwat, 2007 Email: shantanu20ATgmail.com

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