A sizeable chunk of foreign students in the US, including those from India and China, are planning to return fearing that they would not be able to find jobs.
As recession-hit US puts in place a number of protectionist measures, a sizeable chunk of foreign students, including those from India and China, are planning to return fearing that they would not be able to find jobs, says a latest survey.
The Kauffman Foundation study, released on Wednesday, cautions that America stands to lose high-skilled immigrant entrepreneurs and science and engineering workforce. It comes in the context of the large banks and other US companies reducing plans to hire foreign students due to concerns over political backlash amidst growing US job losses.
The study conducted by Duke University professor and Harvard researcher Vivek Wadhwa surveyed 1,224 foreign nationals studying in US institutions of higher learning or who had graduated by the end of the 2008 academic school year.
According to the findings of the study, very few foreign students would like to stay in the United States permanently - only six per cent of Indian, 10 per cent of Chinese and 15
per cent of Europeans.
Fewer foreign students than the historical norm expressed interest in staying in the US after they graduate. Only 58 per cent of Indian, 54 per cent of Chinese and 40 per cent of European students wish to stay for several years after graduation, it said.
The study also found that a significant majority of foreign students —- 85 per cent of Indians and Chinese and 72 per cent of Europeans -— are concerned about obtaining work visas; 74 per cent of Indians, 76 per cent of Chinese and 58 per cent of Europeans are worried about obtaining jobs in their fields.
A key impetus behind students' intentions to depart is the fear that they will not be able to find a job in the US upon graduation and their growing belief that the US economy
will lag global growth rates in the near future.
"Foreign students receive nearly 60 per cent of all engineering doctorates and more than half of all mathematics, computer sciences, physics and economics doctorates awarded in the United States. These foreign nationals end up making jobs, not taking jobs," said Wadhwa.
"They bring insights into growing global markets and fresh ideas. Research has shown that they even end up boosting innovation by US inventors. Losing them is an economic
tragedy," he said.
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