Friday, November 15, 2024

One millionaire every week.

"President-elect Donald Trump has appointed long-time adviser Stephen Miller, known for his strong stance on immigration, as the deputy chief of policy for his new administration." TOI. So what? "Indian nationals, who hold a significant portion of H-1B visas, may face several challenges due to Miller's restrictive stance," and "These potential changes may discourage US companies form hiring Indian tech talent, limiting opportunities for those seeking employment in the US." India does not need the US. "Global brokerage Morgan Stanley, in its 'The New India: Why this is India's decade' report, said that the country is poised for an economic boom in the coming years, driven by factors such as offshoring, manufacturing investments, energy transition and advanced digital infrastructure. These drivers are expected to propel India to become the world's third-largest economy and stock market by 2030" TOI. In September 2023, "Union Minister of Education (MoS) Subhas Sarkar said...that India is poised to become a global knowledge superpower under the leadership of Prime Minister Narendra Modi." Indian tech experts should be able to earn millions sitting at home. In addition, "Trump announced the former acting Immigration and Customs Enforcement (ICE) director Tom Homan would serve as the administration's 'Border Czar'." "A caravan of thousands of migrants traveling through Mexico with the hope of reaching the US has shrunk to about half its original size," as "Trump clinched the presidential election after a campaign that promised large-scale deportations of undocumented migrants and a return to fast-tracked deportations to Mexico." Reuters. Each year thousands of Indians try to enter the US, Canada and Europe illegally through the 'donkey route'. "A record 96,917 Indians were apprehended while unlawfully crossing into the US between October 2022 and September 2023." TOI. "The Gujarati exodus is a particular surprise. Why do so many people from a state where millionaires are being created every week want to risk imprisonment by trying to enter America illegally?" asked Vir Sanghvi. By 2022-23, "Gujarat's NSDP (Net State Domestic Product) soared to Rs 19.46 trillion, while Bihar's NSDP lagged at Rs 6.82 trillion." The reason is that "States like Gujarat, Karnataka and Haryana benefited substantially from Union government-backed projects," while "Bihar, Odisha and West Bengal have been systematically denied an equitable share of centrally sponsored projects, leading to their slower economic growth," wrote Sudhakar Singh & Sarish Tripathi. "For many of the government's critics, Gujarat has come to represent everything they abhor about the BJP." Which raises the question: "If resentment of Gujaratis - because we have such a  good deal - is justified then why are so many of us trying to get the hell out of Gujarat and India itself?" asks Sanghvi. And, if Gujarat is hell, despite being the only state with bullet trains (TOI), what is the rest of India? Worse than hell?    

No comments: