The ‘India shock’: exporting workers, not goods (opens the source in a new tab)
- About 1mn join the workforce each month; too few good jobs, so talent heads abroad.
- Backlash abroad is rising, and brain drain may cost $35–50bn a year.
- $150bn
- remittances, ~3% of GDP
- 18.5mn
- Indians abroad, 2024
- ~70%
- of US H-1B approvals
Why it matters Remittances ease the strain; only jobs at home solve it.