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Abstract
The seventh five year plan quoted that Intellectual capital is essentially a key part in the development techniques because of higher skills, higher rate of contribution and equality with the intellectual human capital India can change itself in to a knowledge based economy. Intellectual capital is a collective knowledge of the individuals in a country. This knowledge can be used to produce wealth physical outputs gain competitive advantage and to enhance value of other types of capital. International capital flight refers to the movement of highly skilled and qualified people to a country where they can work in better conditions and earn more money. It resembles the case of capital flight. It is regarded as an economic cost since emigrants usually take with them the value of their higher education and training sponsored by the Government.