- Friday, May 02, 2025
The trading expert, who called it a ‘dichotomy’ in a social media post, received divided response to his observation.
By: Shubham Ghosh
NITHIN Kamath, founder and CEO of Zerodha, an Indian financial services company, has pointed out a ‘dichotomy’ in India-US connections. According to him, while rich Americans want to invest in the South Asian nation, one of the fastest growing economies in the world, young Indians prefer to shift to the US to pursue the ‘American Dream’.
In a post on X on Tuesday (21), he said, “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.”
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:… pic.twitter.com/jmMmTUUn91
— Nithin Kamath (@Nithin0dha) November 21, 2023
He also shared a graph from ‘The Open Doors 2023’ report on International Educational Exchange that shows India as the leading “sender of students” to the North American nation.
The report said that India overtook China to become the biggest source country of international graduate students in the US. The number of Indian students doing postgraduate studies in the US rose 63 per cent to 165,000 in the 2022-23 academic year, surpassing China for the first time in a decade and half.
While a few supported Kamath’s thoughts, many also chose to disagree.
One user, for instance, wrote, “Americans placing their bets on India’s economic roulette wheel, while young Indians roll the dice in the American dream. It’s a high-stakes game of aspirations, where the roulette wheel spins, and dreams roll across borders.”
Another said, “Americans investing in India for monetary rewards Indian students escaping India for lifestyle rewards. two things are not same & there is no dichotomy.”
A third wrote, “USA is still the land of opportunities. A nobody can become something ..this is the essence of anyone wanting to go…there is nothing wrong. Learn and come back and build. Others did and why not the next generation ??”
A fourth said, “Americans want to earn by investing in India and those who are investing are already rich Americans, but young Indians are migrating for better lifestyle. There is huge income disparity between rich and middle/lower middle class, so both aspects cannot be compared.”
Another said, “Is this a puzzle? Haven’t you’ve given the answer yourself? Americans with money want to invest here for higher CAGR — while Indians don’t have enough wealth for CAGR to matter? The Americans do, so it makes sense to go there and earn a honest, respectable living?”
In 2020, India had the largest diaspora population in the world with 18 million people from the country living outside their homeland, the United Nations said in a report.
