US President Donald Trump has been opposing NRIs in the nation stating that they are depriving the natives of their rightful employment. He even tightened rules for issuance and renewals of visas. At the same time, Trump has imposed heavy tariffs on Indian goods and services as a measure to desist US-based firms from opting for Indians, either for services or goods. During the hustings and even later, Trump also iterated his aim to reduce the US debt, by earning from the tariffs.
However, according to an American economist, Indians will help the Trump administration in bringing down the national debt. Indians can bring the biggest positive fiscal impact in the US.
After the California crash caused by an Indian driver and the property loss caused due to Indians during their Diwali celebrations, the MAGA activists began raising their voice against Indian immigrants. However, Daniel Di Martino, a researcher of the Manhattan Institute, claimed that Indians are the best major country of origin group of immigrants.
Economic Impact Explained
Taking to X, he shared: “Crazy people on X are bashing Indian immigrants, but my new research published today finds that Indians are the best major country of origin group of immigrants.” “The average Indian immigrant and his or her descendants will save the federal government $1.7 million over 30 years,” he added. The much-discussed H-1B visa is the best single visa type in terms of economic impact, with an average H-1B visa holder reducing the debt by $2.3 million over 30 years and expanding GDP by $500,000.
Indians Beneficial Immigrants
His research showed clearly that Indian immigrants are the most economically beneficial immigrant group in the US, with an average Indian immigrant reducing the national debt by over $1.6 million over 30 years and also increasing the GDP more than any other country’s immigrants.
H-1B Visa Holders Will help US
One other interesting fact revealed by the study is that the H-1B visa holders expand GDP the most. An H-1B visa holder can increase GDP by $500,000 after 30 years and reduce the debt by $2.3 million. Now, this should help Trump understand that H-1B visa holders, a majority of whom are Indians, form a vital immigrant group to improve the US economy.
Martino proposes reduction in total legal immigration by 10% and a rise in high skilled immigration, like the H-1B visas, by nearly 200%. Based on the study, it has been suggested that granting more green cards to Indians, limiting visa issuances to people from other countries for at least 10 years so that the backlog of Indian immigrants is cleared.