Booming India Sees 'Brain Gain'

India's educated are no longer rushing to the West for big bucks and a better lifestyle, the Guardian reports. More university grads are refusing to emigrate and many expats are returning home—a trend experts are dubbing "brain gain." One Indian, formerly in London, said he would "read about what was happening in India and I'd ask myself: What am I doing here? It was an obvious choice to return."

Why the change? India's economy is booming. The well-to-do even have US-style gated communities, and enjoy socializing at golf clubs. "Of course, India is still a place of poverty," said one exec at an Indian firm. "But in the business world there is an extraordinary sense of optimism." (More India stories.)