Meengla
Elite Member
The H1B want to graduate to green card and then to citizens. So they keep most of their savings in the USA and send a minor percentage home. If a GCC is opened in India, the complete salary is foreign exchange coming into India. So even if the salary is a fraction of that of the H1B, the foreign exchange coming in may very well be more.
Currently, as people have to come back, the will be closing their USA bank account and liquidating their USA assets and bringing them back. We might see a surge because of that.
Somehow, I don't think your optimism is founded on sound idea. India simply cannot replace the bounties from the H1bs and at least into foreseeable future India will hurt, despite offshoring, should the proposed H1b curbs are enforced.
India, like Pakistan, has too many people to absorb. Actually, the whole Subcontinent is a mess of overpopulation and resource scarcity.




