Donald Trump bows down to Indians for…, says their departure is bad news for US because…
Donald Trump emphasized that the current immigration policy has forced Indian talent to leave the country, causing a significant loss to the US economy.
New York: In a fundamental reduction to Indian employees, United States President Donald Trump now not too lengthy ago launched that US-based multinational companies can now rent Indian graduates from American universities below the brand new ‘Gold Card’ citizenship notion. He emphasized that the hot immigration protection has forced Indian abilities to depart the nation, causing a fundamental loss to the US economic system.
What Did Trump Divulge?
On Wednesday, the US President launched that the ‘Gold Card’, is a new path to US citizenship. Below this path, wealthy foreign patrons who invest USD 5 million (about Rs 37 crore) will accumulate a path to US citizenship. As per Trump, this notion will present to be a extensive opportunity for Indian college students.
Criticising the hot migration protection, the US president stated, “College students from countries devour India, China, and Japan secret agent at high establishments devour Harvard, Wharton School of Finance. They accumulate job provides, but they are without delay withdrawn because it's now not obvious whether or not they'll be in a web page to protect within the nation or now not.”
Departure Of Indians Is An Economic Loss For The united states
In discussing the implications of this protection, Trump known that a form of educated graduates who had to depart the US possess came upon success as entrepreneurs in their residence countries. He stated, “They return to India or their respective nations, open companies, and switch out to be billionaires. They intention hundreds of jobs. This represents a fundamental economic loss for The united states.”
The Gold Card Design
The Gold Card notion is a premium model of the present Green Card. It provides a manner to lengthy-timeframe residency and citizenship.
As per Trump, it's some distance on the total a manner to raise earnings for the US economic system. “If we sell 1 million gold playing cards, it will doubtless be 5 trillion greenbacks (about Rs 370 lakh crore),” he stated.
The proposed notion goals to overhaul the present EB-5 visa program, which requires patrons to contribute USD 1 million (roughly Rs 7.5 crore) and invest in a industry that creates no now not up to 10 jobs. Trump is confident that the brand new gold card will greatly affect the economic system, stating, “They'll turn out to be wealthy and prosperous, exhaust tall portions, pay taxes, and intention a form of jobs. We assume it will doubtless be highly profitable.”
What's Your Reaction?
