Unwanted Indians.

"Back-to-back developments in the past few days show how the future may see radical rebalancing of global technological power as China tries hard to defend its semiconductor, or chips, industry while India takes bold steps to create its chips ecosystem." "China's semiconductor market size was estimated at $180 billion in 2023." While, India's semiconductor industry may grow to $109 billion by 2030 from $38 billion in 2023. "Foreign direct investment in India jumped 47.8% to $16.17 in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023." BS. "India's stock market rally is ramping up its index weighting and creating a dilemma for global fund managers: sit back and watch as their relative exposure shrinks while the market grows, or buy in at increasingly eye-watering prices. Most find it increasingly risky and are seeking alternatives." Reuters. While India is trying to gain from the obstructions facing China, "Tech companies cut jobs at a rapid pace in August 2024 as more than 27,000 employees in over 40 companies, including big names like Intel, IBM, and Cisco, announce layoffs. In 2024, more than 136,000 tech workers have been laid off by 422 companies." HT. Worse, "The Indian placement story is out," and "at the hallowed IIT Bombay, which has managed to place just 75% of its students through the campus recruitment process this year." The lowest package is Rs 400,000, from Rs 600,000 earlier. TOI. Concentrating on tech, "India is missing a crucial opportunity to take advantage of the gap left by China's withdrawal from labor-intensive manufacturing sectors such as textiles, apparel, leather and footwear, according to a new report from the World Bank." BS. "In accordance with a repatriations agreement reached with the US in July, Panama ... deported 130 irregular migrants from India. They had infiltrated the nation through the hostile Darien jungle." HT. "Indian students, in particular, have increasingly chosen destinations such as the US, Canada, Australia, and several European nations including the UK." "Recently, several countries have tightened their immigration policies, creating additional obstacles for students pursuing education abroad." TOI. Surely, immigration policy is for people who are to stay permanently while students should return to their home countries after completing their degrees. "Just a few years ago, getting admitted to a college in Canada would create a smooth pathway to a work permit and then permanent residency." ET. Clearly, the so-called students are fake and are conning the system to settle abroad with no intention of studying. In May several Australian universities banned 'students' from Punjab, Haryana, Gujarat, Uttarakhand, Uttar Pradesh, and Jammu and Kashmir." Meridian Overseas. Over 6,000 postgraduates, 40,000 graduates and 120,000 class 12 pass candidates applied for jobs as sweepers in government offices in Haryana. TOI. Why should other countries allow India to sweep those who cannot be employed here? Jobs now, chips later.