Emigrants from India-Their Impact on Indian Economy

There has been an argument for years regarding the brain drain topic being a serious detriment not only to India as a country but also in terms of Indian economy. This paper is an effort to argue this from the other point of view specifically focusing upon the case of Kerlaites migration to the gulf countries and recent study by Elsevier regarding the profession of scientists and doctors in India as they are supposed to be one of the most important building blocks of a developing society. The word “economics†has been derived from a Greek word “Okionomia†, which basically means “household management†or “management of house affairs†. This field plays an important role for the simple reason that, in this one study the pattern of how people earn and then spend the money and then this could help in using the available factors of production as efficiently as possible so that society’s demands could be met. According to Benjamin Davis “Economics is the science that studies how scarce resources are allocated to meet competing and unlimited wants and how human beings satisfy their material want and needs.†Thus when talks about the real essence of economics it would never hinge upon the boundaries of a nation rather it talks about allocation of resources to meet the demands of human beings and satisfying their wants.