{"id":852,"date":"2023-11-22T12:18:12","date_gmt":"2023-11-22T12:18:12","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/dichotomy-nithin-kamath-says-young-indians-want-to-go-to-us-while-americans-want-to-invest-in-india-news18\/"},"modified":"2023-11-22T12:18:12","modified_gmt":"2023-11-22T12:18:12","slug":"dichotomy-nithin-kamath-says-young-indians-want-to-go-to-us-while-americans-want-to-invest-in-india-news18","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/dichotomy-nithin-kamath-says-young-indians-want-to-go-to-us-while-americans-want-to-invest-in-india-news18\/","title":{"rendered":"‘Dichotomy’: Nithin Kamath Says Young Indians Want To Go To US While Americans Want To Invest In India – News18"},"content":{"rendered":"


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Zerodha founder and CEO Nithin Kamath. (File photo)<\/p>\n<\/div>\n

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Zerodha CEO and founder Nithin Kamath says “young Indians are still bitten by the bug” to travel to America to build their future<\/h2>\n<\/div>\n<\/div>\n
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Even as a large number of Indians go to the US for education and jobs, Nithin Kamath has said this is a dichotomy as most Americans he knows want to invest in India as they believe India is the future. The Zerodha CEO and founder, however, said that \u201cyoung Indians are still bitten by the bug\u201d to travel to America to build their future.<\/p>\n

\u201cMost 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,\u201d Kamath said in a post on X.<\/p>\n

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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.Credits:\u2026 pic.twitter.com\/jmMmTUUn91<\/a><\/p>\n

\u2014 Nithin Kamath (@Nithin0dha) November 21, 2023<\/a><\/p>\n<\/blockquote>\n<\/div>\n

He shared a glimpse of \u2018The Open Doors 2023\u2019 report on International Education Exchange, which showed the rising trend among Indians to visit to the US for studies.<\/p>\n

Among the two top senders of students to America, China and India, the former is witnessing a falling trend, while India is still witnessing a rising trend of students going to the US for studies.<\/p>\n

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The number of Indians pursuing postgraduate studies in the US jumped 63 per cent to 1.65 lakh in the academic year 2022-23, surpassing China for the first time in 15 years, according to the report.<\/p>\n

Responding to this, X users din\u2019t agree to Kamath\u2019s dichotomy remark. One user, Zafar Shaikh, said, \u201cAmericans investing in India for monetary rewards. Indian students escaping India for lifestyle rewards. Two things are not same & there is no dichotomy.\u201d<\/p>\n

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IAS officer Manuj Jindal in a comment wrote, \u201cIt\u2019s 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.\u201d<\/p>\n

Another user Kavita said, \u201cAmericans 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.\u201d<\/p>\n<\/div>\n

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Mohammad Haris<\/span><\/a><\/p>\n
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n