An interesting discussion
I have been debating the India vs US thing with a lot of friends. After a lot of thought, I invented this Tool to help me make that decision.
Ask yourself this question and respond honestly:
How much money would it take for you to go back to India?
A. How much 'bank balance' should you have before you reach India? (factor the salary reduction into account)
B. What kind of work do you want to do out there?
C. How much salary would be acceptable?
If you have lived in the US for more than three years, you need to seriously consider the three following rules:
1. DON'T EXPECT TO BE TREATED AS ROYALTY: Some people think they deserve to be treated as royalty just because they are Foreign Return. Indians tend to respect foreign-returns and give them an advantage over the rest. Accept that with grace and move on. Dont keep shoving your US stint in the face of the locals
2. UNDERSTAND THE SYSTEM: The system works differently in India. Whether its good or bad or ugly, well, thats the way it is. Corruption is a reality. But consider that as 'premium processing'. Try to figure out ways to dodge the other problems. Purchase property in suburbs where you dont have to deal with pollution, poverty etc. Try to look for houses in townships. There are several townships located in very scenic places (such as Kerela, Gurgaon, etc). Amenities are comparable to developed countries.
3. PREPARE YOURSELF FOR THE STRUGGLE: Weren't you mentally prepared to struggle when you came to the US looking for opportunities? The initial phases ARE going to be a struggle. Be mentally prepared for the change. Dont go back expecting the entire country to change because YOU are not comfortable!
I am in the US. I have made up my mind of going back to India. Not because I want to 'give something back to my motherland' or 'pay back my dues', but because of ECONOMIC OPPORTUNITY!
Economic opportunity was the primary reason we came here. We came here because we wanted to make it rich. Today, I believe, if we struggle just as much as we struggle in the US, there is tons of $$$ to be made in India. Its just a matter of finding the right idea. Banks/financial institutions are loaded with money! The government keeps coming out with really awesome investment incentives. But not many people care to capitalize on it. (what a waste!!).
In the US, supply far outpaces demand. The success rate of enterprenuers is not very promising. But in India, demand for good, quality products outpaces supply by far. Thats why the prices of quality products are astronomical!! (Economics 101)
My answers to the above questions are
A. $100,000
B. There are several jobs in India that match my profile
C. Atleast Rs 1,000,000
(which is within the current salary range for people with my background)
Im working towards the $100,000 figure. Ive already shortlisted the places I want to stay and have real-estate prices/living expenses figured out.
Now, its just a matter of time!!