Presentation at a DEMOS Conference in London

1. © 2006 Shantanu BhagwatNot to be distributed without prior consent © 2006 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

2. 2
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Agenda
 A Dramatic Change in Perceptions

3. 3
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“Do you have computers in India?”
* Image courtesy: Rhymer Rigby

4. 4
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Agenda
 A Dramatic Change in PerceptionsA Dramatic Change in Perceptions
 The “Re-Emergence” of India

5. 5
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The Re-Emergence of India…
 “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

6. 6
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The Re-Emergence of India…
 "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

7. 7
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Agenda
 A Dramatic Change in PerceptionsA Dramatic Change in Perceptions
 The “Re-Emergence” of IndiaThe “Re-Emergence” of India
 Many more Argonauts
 The demographic dividend

8. 8
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The “Demographic Dividend”
0
400
800
1,200
2001 2016
0 to 14 yrs 15 to 59 yrs 60 yrs & above
1,027m
1,268m
Overall Grow t h ~ 23%
Growth ~ 36%
598m
811m
Population(m)Population(m)

9. 10
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Young, Smart and Footloose…

10. 11
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NSI - The “Non-Stationary” Indian
* Image courtesy: Mayang

11. 12
Not to be distributed without prior consent © 2006 Shantanu Bhagwat
Agenda
 A Dramatic Change in PerceptionsA Dramatic Change in Perceptions
 The “Re-Emergence” of IndiaThe “Re-Emergence” of India
 Many more ArgonautsMany more Argonauts
 The demographic dividendThe demographic dividend
 Immigration, Innovation and Entrepreneurship
 Migrants, by definition, are more risk-taking…

12. 13
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Immigration, Innovation and
Entrepreneurship…
 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/

13. 14
Not to be distributed without prior consent © 2006 Shantanu Bhagwat
Agenda
 A Dramatic Change in PerceptionsA Dramatic Change in Perceptions
 The “Re-Emergence” of IndiaThe “Re-Emergence” of India
 Many more ArgonautsMany more Argonauts
 The demographic dividendThe demographic dividend
 Immigration, Innovation and EntrepreneurshipImmigration, Innovation and Entrepreneurship
 Migrants, by definition, are more risk-taking…Migrants, by definition, are more risk-taking…
 Links between UK and India
 Gnarled branches of a huge banyan tree…

14. 15
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UK and India…
* Image courtesy: Prasad Ullal

15. 16
Not to be distributed without prior consent © 2006 Shantanu Bhagwat
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
Thank you…