Being in the IT Industry you can feel the energy of growth, innovation and excitement that's in India now. You can relate the present scene to the one that was there a decade back when IT professionals were rushing to United States and India suffered a brain drain (as it used to be called). Now the scene is completely the reverse where you are seeing many of those professionals returning back to India. They have had time to enjoy the western lifestyle, save some money and return back to India which was unheard of few years back. I personally know few of my friends at least who have returned from their high-paying/senior profile jobs in companies like Siebel, Microsoft, etc. in the last few years to India. In this connection I saw this Video in Hindustantimes that quantifies this to be about 60,000 Indian IT professionals who have moved back to India in last few years.

Moreover, nowadays people in the mid to senior roles don't want to leave their family behind and want to go to USA - they are getting salaries in India itself that are attractive and comparable.

Read the complete post at http://www.venkatarangan.com/blog/2007/11/21/Reverse+Brain+Drain+Brain+Gain.aspx