For those thinking if you have money, should you stay in India or move abroad, here are my two cents on this.
People here know that I am a big believer in the India Growth story. The economic outlook today is much better than 10 years ago and extrapolating that makes it a great opportunity for the rest of us.
Let’s say you are operating as a free agent, and look at things logically and without emotions. ( Why without emotions? Because emotions trump logic and will make you rationalize any illogical move)
I have to accept that however great my country is, it isn’t great at everything. It could have the best mangoes but not the best wines and so on. This also applies to jobs, education and living.
If you want to study mechanical engineering you go to Germany. For best B-Schools, you go to either EU/UK/US depending on what you want to achieve after that. Similarly the best CS programmes are in the US.
Sure, IITs and IIMs are gems and punch above their weight. They have access to the most meritorious kids of that generation. But you have to accept that, they are certainly not at the same level as M7/Oxbridge or Stanford/MIT for Engg.
The same expands to other things. In some ways, every country is chasing the same American standard of living for its citizens. This may or may not be possible for everyone in this world.
So, if you are an individual and you eliminated every generational curse in your life for a moment. Then, you eliminated every constraint in your life. What would you choose to do?
An intelligent answer is always:
The best places for vacations
The best places for food
The best places to work
The best places to study
The best places to appreciate art
The best places for X.
And be okay with accepting that not all best places can be India. Not all best places have to be India. And it’s okay. We can get there.
But if you have money, leave India to experience the best in X.
For inspiration: DaVinci offers 2.26Cr for a Derivative Trader role at IIT Delhi.