Different Countries, Different Views: How Migration Impacts the Economy in India, Japan and the US
The Indian Foreign Minister Subrahmanyam Jaishankar has rebutted US President Joe Biden’s suggestion that “xenophobia” was hindering India’s economic progress, as reported by The Economic Times. In a roundtable discussion hosted by the newspaper, Jaishankar emphasized that India’s economy is thriving and that it has always been an open society. He highlighted the Citizenship Amendment Act as evidence of India’s willingness to welcome those in need, allowing persecuted immigrants from neighboring countries to gain citizenship.
On the other hand, Japan has criticized Biden’s comments about xenophobia in China, Japan, and India impeding economic growth. Tokyo expressed its disappointment with the remarks and clarified its policies to the White House. The International Monetary Fund’s predictions also indicated a slowdown in economic growth for Asia’s largest economies in 2024, while the US economy was expected to see slight growth, partly due to migrants contributing to the labor force.
The contrasting perspectives on the role of migration in economic growth between the US and Asian countries are evident in these reports. While Biden emphasizes the positive impact of immigrants on the US economy, Jaishankar’s response underscores India’s history of openness and willingness to embrace those in need. Japan’s displeasure with Biden’s remarks further highlights the importance of accurate understanding of each country’s policies and stances in discussions surrounding economic growth and immigration.
In conclusion, these reports shed light on how different countries view migration and its impact on their economies. While some countries see migration as a positive force for economic growth, others may view it as a hindrance or even a threat to their national identity. It is important for policymakers and leaders to carefully consider these perspectives when developing policies related to migration and its impact on their economies.
