Some days ago, Twitter's CEO Jack Dorsey said that he's resigning from his position.
And the new CEO of Twitter will be Parag Agarwal.
Born in Ajmer, Rajasthan.
He completed his education at IIT-Bombay.
It's an interesting case
because it can be looked at from 2 perspectives.
On one hand, people say that it is something to feel proud about
that Indians are so successful in foreign countries.
They're making India proud.
But on the other hand,
some people term it as Brain Drain.
Memes are shared with "Indians study, for America to prosper."
People blame things for caste reservations
for this Brain Drain.
What's the truth?
How should we look at this?
Come, in today's post, let's try to understand it.
"We've been hearing about Brain Drain for a long time."
"37-year-old Parag Agarwal is the CEO of Twitter."
"The opportunities abroad are much better and much more advanced than here.
And you have a chance to get better livelihood abroad."
"This Brain Drain could turn into Brain Gain,
had anyone thought about that?"
An Indian origin person
becoming the CEO of a big American company,
has so many examples, friends
that you'd be surprised.
After 2014, Satya Nadela became the CEO of Microsoft.
Since 2015, Sundar Pichai has been the CEO of Alphabet Inc or Google.
Since 2007, Shantanu Narayen is Adobe's CEO.
From 2020, Arvind Krishna is IBM's CEO.
Anjali Sood is Vimeo's CEO since 2017.
A manual Bhutani, GoDaddy's CEO since 2019.
Indra Nooyi was Pepsi Co's CEO.
During 2010-2020, Ajay Banga was MasterCard's CEO.
The list doesn't end here.
The trend isn't seen only in American companies.
It is also seen in Australian companies.
Stockland's Tarun Gupta.
Orica's Sanjeev Gandhi.
Link's Vivek Bhatia.
Pact's Sanjay Dayal.
Newcrest's Sandeep Biswas.
Cleanaway's Vik Bansal.
Some examples can be seen in British companies as well.
Like Laxman Narasimhan, Reckitt Benckiser's CEO.
The examples that I quoted, friends,
Most of these people are of Indian origin.
Meaning that they were born in India
Grew up in India.
Completed their education from some popular Indian colleges like IIT-Bombay
or IIM Ahmedabad,
BITS Pilani or Manipal Institute of Technology,
After completing their studies, they moved to another country,
In some cases, they even took the citizenship of other countries.
And now, they are working in high positions at companies of those countries.
America, Australia, and Europe,
you'll get many such examples of Indian-origin people living at these places.
But what about Asian countries?
China, Korea, Japan, Singapore, the UAE,
are there such examples here?
Friends, to answer that, it is very rare.
You'll hardly get any examples of it.
Like the CEO of Singapore-based Singapore-based DBS Group, Piyush Gupta.
In 2015, it was announced
that the CEO of the Japanese Bank SoftBank
could be Nikesh Arora, a person of Indian origin.
It was decided and caused a lot of sensation.
Because it is very rare for this to happen in a country like Japan.
This decision was later overturned
and a Japanese person continued to be the CEO.
Even in a country like China, to look for such examples is next to impossible.
Don't imagine it to be a conspiracy against India.
The real reason behind it is that
these Asian countries have a very closed-off culture.
The people there do not readily accept foreigners
to the extent that they could become a CEO of a company in their country.
You wouldn't find it too weird
because we have a similar culture in India.
In fact, in India, it is so closed-off,
that a foreigner becoming the CEO of an Indian company is so far fetched,
even Indians themselves don't get the chance to become the CEO in an Indian company,
because most of the Indian companies
are actually running a family business.
Have you ever noticed that the names of many Indian companies
is based on the surname of the family?
Adani, Tata, Birla, Godrej, Bajaj, Mahindra,
Jindal, Mittal, Oberoi, Goenka, Byju's, Shiv Nadar,
Using one's family name as the company isn't out of the ordinary,
but the problem arises when
the top leadership positions of these companies
are occupied only by the family members.
We get to see an unhealthy amount of Nepotism here
and Meritocracy is strictly lacking.
Think about it, for an IIT graduate,
it is much more difficult to become the CEO of God,ej, Mahindra or Bajaj group
as compared to becoming the CEO of Google.
Because there are so many family businesses here.
In most companies,
people from outside the company are hard, if ever, given the position of CEO.
Another interesting trend is seen here
that of the Indian-origin CEOs,
most of them work in the field of tech.
Most of these Indians are software engineers,
who've studied in the IT field.
And then they started working at these big tech companies or product companies
and took their careers to the next level.
This can be done by studying
Data Structure Algorithms,
System Designs, Data Science and, similar topics.
So many CEOs have studied Software Engineering
and almost all the CEOs have an engineering background,
so you'd imagine that there is a good scope of engineering in India.
But do you know the reality, friends?
According to an Employability Assessment Survey,
by Aspiring Minds
95% of India's graduate engineers,
are not qualified for software engineering jobs.
Tech Mahindra's MD has also said that
94% of the engineering graduates in India, are not fit for hiring.
Actually, if you ignore the top colleges like IITs,
then apart from these prestigious universities,
the standard of engineering colleges in India
The root problem is that these low-quality engineering colleges
are simply churning out engineering degrees,
And the actual skills that need to be taught
to the college graduates, aren't being taught by them.
That's why their graduate engineers
have no skills.
And are unfit for jobs.
Thankfully, some companies are working to reduce this gap.
An example of one such company is,
Now, let's return to the topic.
As Indians, we feel very proud
if an Indian origin person becomes the CEO of an American company.
But in how many Indian companies
are from America, Nigeria, China, Japan?
In fact, how many examples are there of a foreigner being the CEO of an Indian company?
It is very rare.
One example that I can think of
is the CEO of Tata Motors, Guenter Butschek.
He was the CEO between 2016 to a few months ago in 2021.
But such examples are very rare.
Similarly, Indians feel very proud when a person with Indian ancestry,
gets to a political position in a foreign country.
Like Kamala Harris and Bobby Jindal in the USA.
Priti Patel and Alok Sharma in Britain.
Jagmeet Singh in Canada,
Deepak Raj-Gupta in Australia,
Mahendra Chaudhry in Fiji,
Anerood Jugnauth in Mauritius.
But when it comes to Sonia Gandhi,
then the very first point of criticism that we have
is Sonia Gandhi's Italian origin.
Let's meet in the next page
Thank you very much!