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India, China experience entrepreneurship boom

More and more skilled people from countries like India and China are increasingly returning home from the US, which has led to an "entrepreneurship boom" in the two Asian countries, a new report said today. The report 'The Grass is Indeed Greener in India and China for Returnee Entrepreneurs' of the Kauffman Foundation in association with the Duke University, University of California-Berkeley and the Harvard University said the current trend has come as a "major loss" to the US. What was once a "brain drain" that advantaged the US economy now is reversed, to ...