Travel for success.

"Parag Agrawal, who was appointed this week as Twitter's CEO, has joined at least a dozen other Indian-born techies in the corner offices of the world's most influential Silicon Valley companies," BBC.  "Microsoft's Satya Nadella, Alphabet's Sundar Pichai, and the top bosses of IBM, Adobe, Palo Alto Networks, VM Ware and Vimeo are all of Indian descent." "Indian-origin people account for just about 1% of the US population and 6% of Silicon Valley workforce - and yet are disproportionately represented in the top brass." However, not every Indian CEO has covered himself with glory. "The boss of a US firm has been criticised after he fired around 900 of his staff on a single Zoom call," BBC. "If you're on this call you're part of the unlucky group being laid off," said Vishal Garg, chief executive of mortgage firm Better. com. "Comments on social media said it was 'cold', 'harsh' and a 'horrible move', especially in the run up to Christmas." "Incidentally, the success stories of Indians doing well abroad reiterates a clear message to the middle-class, ambitious parents back home - for their children to make it big in life they need to send them abroad for higher education and work," wrote Dr Kiran Somvanshi. "Some may call it brain drain but India earns a lot of real (remittances) as well as social capital from this so-called drain." "India's position here is akin to a company that manufactures and exports the basic product that is used in its finished form by consumers abroad." "India, the world's largest recipient of remittances, received USD 87 billion in 2021 with the United States being the biggest source, accounting for over 20 percent of these funds, according to the World Bank," BS. "India received over USD 83 billion in remittances in 2020, a drop of just 0.2 percent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report," TIE. You have to invest to earn. "Even as the number of Indian students opting for higher education overseas grows annually, their abroad spending is set to grow from current annual $28 billion to $80 billion in 2024, the latest 'Higher Education Abroad' report by consulting firm RedSeer estimates," BS. One reason for sending children abroad is that higher education in prestigious colleges in India has become extremely expensive. Total fees at IIT Bombay is Rs 59750 per semester, which will come to Rs 478,000 for the 4-year BTech course. For a one-year programme in IIM Ahmedabad a student will have to shell out over Rs 3 million, plus other charges for International Immersion Programme (IIP), as well as for utilities, laundry, gym etc. These are government institutions, and exorbitant fees are a form of preemptive tax on future earnings. This in a country where "82% of male and 92% of female workers earn less than Rs 10,000 a month", according to a report from Azim Premji University in 2018. The labor force participation rate (LFPR) for women, which measures how many women are working or looking for work, was just 30% in 2019-20, BT. Many colleges in the US provide full ride scholarship to international students which allows them find jobs in the US or in other countries. "Government officials said over 100,000 Indians surrendered their citizenship in the first nine months of 2021, and more than 600,000 Indians renounced their citizenship over the last five years," TOI. Be interesting to know how many are children of government officials. Save your children from your own predation. Parental duty.