Zerodha founder and CEO Nithin Kamath. (File photograph)
Zerodha CEO and founder Nithin Kamath says “young Indians are still bitten by the bug” to journey to America to construct their future
Even as a lot of Indians go to the US for training and jobs, Nithin Kamath has mentioned this can be a dichotomy as most Americans he is aware of wish to spend money on India as they consider India is the long run. The Zerodha CEO and founder, nonetheless, mentioned that “young Indians are still bitten by the bug” to journey to America to construct their future.
“Most Americans I know with money want to invest in India because they believe they are plateauing as a nation and that we are the future. But somehow, young Indians are still bitten by the bug to travel to America to build their future. This is such a dichotomy,” Kamath mentioned in a submit on X.
Most Americans I do know with cash wish to spend money on India as a result of they consider they’re plateauing as a nation and that we’re the long run. But someway, younger Indians are nonetheless bitten by the bug to journey to America to construct their future. This is such a dichotomy.Credits:… pic.twitter.com/jmMmTUUn91
— Nithin Kamath (@Nithin0dha) November 21, 2023
He shared a glimpse of ‘The Open Doors 2023’ report on International Education Exchange, which confirmed the rising pattern amongst Indians to go to to the US for research.
Among the 2 high senders of scholars to America, China and India, the previous is witnessing a falling pattern, whereas India continues to be witnessing a rising pattern of scholars going to the US for research.
The variety of Indians pursuing postgraduate research within the US jumped 63 per cent to 1.65 lakh within the tutorial 12 months 2022-23, surpassing China for the primary time in 15 years, in line with the report.
Responding to this, X customers din’t conform to Kamath’s dichotomy comment. One consumer, Zafar Shaikh, mentioned, “Americans investing in India for monetary rewards. Indian students escaping India for lifestyle rewards. Two things are not same & there is no dichotomy.”
IAS officer Manuj Jindal in a remark wrote, “It’s not a dichotomy. The Indian students travel to study and work abroad. They earn in $ and send back for investments in India as well because of the growth promise. The bug is really mostly about the higher income opportunities, better corp experience and quality of life. Americans invest in India for the higher return profile as well.”
Another consumer Kavita mentioned, “Americans want to earn by investing in India and those who are investing are already rich Americans, but young Indians are migrating for a better lifestyle. There is huge income disparity between rich and middle/lower middle class, so both aspects cannot be compared.”
