U.S. President Donald Trump made a significant statement regarding Indian graduates leaving America. He stated that many top Indian graduates, educated at prestigious American universities, have been compelled to establish their own companies and return to their home country, becoming financially independent. This, he claims, has caused substantial damage to the American economy.
Trump announced that American companies can now hire Indian graduates under a new 'Gold Card' citizenship program. He argued that the current system forces these talented Indians to leave America, ultimately proving detrimental to the U.S.
This initiative is viewed as an attempt to attract Indian graduates to America, leveraging their talent to strengthen the U.S. economy.
What Trump Said
On Wednesday, U.S. President Donald Trump announced a new 'Gold Card' program offering foreign investors a pathway to American citizenship. Under this plan, those investing $5 million (approximately ₹37 crore) will be granted American citizenship. Trump highlighted this as a significant opportunity for Indian students, stating that this measure would strengthen the American economy.
During the announcement, Trump criticized the current immigration system, stating, "Top students from countries like India, China, and Japan, after graduating from renowned institutions like Harvard and Wharton, receive many job offers in America, but due to uncertainty, they don't get the opportunity to work here. Therefore, they are forced to return to their home countries after completing their studies."
Economic Loss to America Due to Indian Exodus
On Wednesday, U.S. President Donald Trump announced the 'Gold Card' program and expressed concern about the departure of talented graduates. Trump stated that many Indian and other international students, after receiving higher education in America, have been forced to leave due to complex immigration policies, only to become successful entrepreneurs in their home countries.
Trump said, "They return to their countries, open companies, and become financially independent. They also employ thousands of people. This is a significant economic loss for America." He emphasized the need for policy reform, asserting that America should benefit from these talented individuals who can contribute to the nation's progress.
The Gold Card Plan
U.S. President Donald Trump announced the 'Gold Card' plan on Wednesday, considered an enhanced version of the current Green Card system. Under this plan, foreign investors will gain access to American citizenship and long-term residency. Trump described it as a crucial revenue-generating mechanism for the American economy.
Trump stated, "If we sell 1 million Gold Cards, we can raise approximately $5 trillion (approximately ₹370 lakh crore)." He suggested that this revenue could be used to reduce America's current debt.
This plan will replace the current EB-5 visa program, which requires investors to invest $1 million (approximately ₹7.5 crore) and employ at least 10 people. Trump believes the 'Gold Card' plan can revolutionize the American economy.
He said, "Through Gold Cards, people will become wealthy and successful; they will spend more money, pay more taxes, and employ thousands of people. We are fully confident that this plan will be highly successful."
