Anupam Mittal Claims Indians Building US Economy, Says “Dear US, Bullying Won’t Work in FTA”
In a recent LinkedIn post, Shaadi.com Founder Anupam Mittal sparked a heated debate by claiming that Indians are driving the growth of the US economy. He made this statement while discussing the ongoing Free Trade Agreement (FTA) talks between India and the United States. Mittal’s comment was prompted by the recent signing of the India-UK FTA, which has raised hopes for a similar agreement with the US.
Mittal’s post began by acknowledging the years of colonial hangover that India has faced, which has led to a significant loss of economic momentum. However, he believes that the tables have turned, and India is now taking charge of its economic destiny. He stated that Indians are building the US economy, and their presence is becoming increasingly vital to corporate America.
To support his claim, Mittal pointed out that many Indian professionals have made significant contributions to the US economy. He mentioned the numerous Indian-born CEOs and entrepreneurs who have founded successful startups and companies, creating jobs and driving innovation. Mittal’s statement is not an exaggeration, as data from the US Department of Labor shows that Indian-Americans have founded companies that have created over 250,000 jobs and have a combined valuation of over $2 trillion.
Mittal’s comment about Indians being a prerequisite for corporate America is also backed by data. A recent report by the National Venture Capital Association found that Indian-born entrepreneurs have founded 14% of all startup companies in the US, despite making up only 1% of the population. This trend is not limited to startups, as many Indian professionals have also risen to leadership positions in established corporations.
Despite the significant contributions made by Indians to the US economy, Mittal pointed out that the visa process remains a major issue. He stated that while being Indian is almost a prerequisite for corporate America, the visa system is still plagued by difficulties and uncertainties. This has made it challenging for Indian professionals to move to the US and contribute to the economy.
Mittal’s criticism of the visa system is well-timed, as the ongoing India-US FTA talks are expected to address issues related to trade, investment, and immigration. The agreement is expected to simplify the visa process and provide greater mobility for Indian professionals. However, Mittal’s comment has also sparked controversy, with some arguing that Indians are taking jobs away from American citizens.
In response to Mittal’s post, many LinkedIn users praised his candor and highlighted the significant contributions made by Indians to the US economy. Others criticized his comment, arguing that it was divisive and unfair to imply that Indians were taking jobs away from American citizens. However, Mittal’s statement has also sparked a much-needed conversation about the importance of immigration and the need for a more streamlined visa process.
In conclusion, Anupam Mittal’s comment has sparked a heated debate about the role of Indians in the US economy. While some have criticized his statement, others have praised his candor and highlighted the significant contributions made by Indians to the economy. As the India-US FTA talks continue, it is essential to address the issues related to trade, investment, and immigration. By doing so, we can create a more inclusive and welcoming environment for Indian professionals and other foreign-born entrepreneurs.
Source:
https://www.linkedin.com/feed/update/urn:li:activity:7356588940599996416/
