President Joe Biden attributes lower economic growth forecasts for India xenophobia
Xenophobia refers to a fear or hatred of foreigners, people from different cultures, or strangers
This attitude can manifest in discriminatory behaviors and policies against individuals
President Joe Biden attributed the lower economic growth forecasts for India, Japan, and Russia to xenophobia, contrasting this with the US, where he credited immigration for boosting economic growth.
Xenophobia refers to a fear or hatred of foreigners, people from different cultures, or strangers. This attitude can manifest in discriminatory behaviors and policies against individuals perceived as foreign or different.
Also Read: India’s battle against Hepatitis: Second only to China in infections, WHO report
After controversially attributing India’s lower growth projections for 2024 to “xenophobia,” President Joe Biden is facing criticism in the country again.
During a fundraiser for his re-election campaign in Washington on Wednesday, May 1st, President Joe Biden commented on the economic struggles of China, Japan, Russia, and India, attributing their issues to xenophobia. He explained that these countries’ reluctance to welcome immigrants is holding them back, contrasting that with the strength he believes immigrants bring to the United States.
The International Monetary Fund (IMF) projects that the US economy will grow by 2.7% in 2024, up from 2.5% in 2023, but it’s expected to slow down to 1.9% by 2025, a point not mentioned by President Biden.
In contrast, India’s economy is projected to grow by 6.8% this year, down from 7.8% in 2023.
India, with one of the world’s largest working-age populations, stands out from the aging societies in the US and the West. This demographic advantage has been a major draw for foreign companies establishing factories in the country.
India’s working population, which encompasses ages 15 to 64, makes up 68% of its total population.As of 2020, India had one of the youngest populations globally, with a median age of only 28, compared to China and the US at 37, Western Europe at 45, and Japan at 49. India is set to benefit from this demographic advantage, known as the demographic dividend, from 2018 to 2055, spanning 37 years.
Ashwani Mahajan, co-convenor of the Indian economic group Swadeshi Jagran Manch (SJM) and an economics professor at Delhi University, expressed doubts about President Biden’s economic reasoning in a conversation with Sputnik a Russian Media House.
President Biden’s characterization of India as ‘xenophobic’ lacks context, Ashwani Mahajan explained to Sputnik. He found it puzzling to interpret a single year’s dip in growth projections as an overall slowdown in India’s growth.
The academic pointed out that using a single year’s slower growth projection to suggest that India’s overall growth is declining was hard to understand.
Mahajan emphasized that India continues to be the fastest-growing major economy and is on track to become the world’s third largest economy within the next five years. He noted India’s strong performance across various economic indicators, including record foreign exports and investments, as well as a significant increase in Goods and Services Tax (GST) collections, reaching a record $25 billion in the 2023-24 fiscal year.
India Embraces ‘Vasudhaiva Kutumbakam’ Philosophy (The World as One Family )
Mahajan emphasized that India supports “legal immigration” and has taken a compassionate stance towards immigrants facing religious persecution, as evidenced by the implementation of the Citizenship Amendment Act (CAA). He clarified that India’s concern is with illegal immigration, pointing to the challenges seen in Europe where illegal immigration has sparked significant public unrest due to threats to social cohesion and national security.
Binay Kumar Singh, a spokesperson for the Bharatiya Janata Party (BJP) and expert at the Dr. Syama Prasad Mookerjee Research Foundation in New Delhi, told the media that it was unfair to label India or its people as ‘xenophobic’.
These comments are biased and show a poor understanding of India’s history, traditions, and culture, Singh noted.
Opening our borders completely would greatly strain our national resources, especially as India already supports a population of 1.4 billion. We are continually improving our methods to combat infiltration, a global issue, Singh explained.
Analyst Suggests Biden’s Remark Influenced by U.S. Domestic Politics
Sputnik reports that geopolitical analyst Dr. Gulrez Sheikh said President Biden’s comments on India appear to be mainly driven by domestic factors.
The Indian analyst suggested that President Biden is strategically using geopolitics and India in his re-election campaign while overlooking significant domestic issues. These include illegal immigration through the southern border, increasing dissatisfaction among U.S. voters regarding ongoing aid to Ukraine, and rising discontent among young Democratic voters over his administration’s support for Israel.
Sheikh charged that Biden is attempting to divert American voters’ attention from his policy errors amidst the rising popularity of former President Donald Trump.
The Federal Reserve’s policy of maintaining a high value for the US dollar against other currencies is a key factor behind the increasing growth projections for the US, Sheikh pointed out.
The Indian geopolitical analyst asserted that the policies of the US Federal Reserve are ultimately damaging the US Dollar and accelerating its decline as the dominant global currency.
(The author Girish Linganna of this article is a Defence, Aerospace & Political Analyst based in Bengaluru. He is also Director of ADD Engineering Components, India, Pvt. Ltd, a subsidiary of ADD Engineering GmbH, Germany. You can reach out to him at: [email protected])
President Joe Biden attributes lower economic growth forecasts for India xenophobia
Xenophobia refers to a fear or hatred of foreigners, people from different cultures, or strangers
This attitude can manifest in discriminatory behaviors and policies against individuals
President Joe Biden attributed the lower economic growth forecasts for India, Japan, and Russia to xenophobia, contrasting this with the US, where he credited immigration for boosting economic growth.
Xenophobia refers to a fear or hatred of foreigners, people from different cultures, or strangers. This attitude can manifest in discriminatory behaviors and policies against individuals perceived as foreign or different.
Also Read: India’s battle against Hepatitis: Second only to China in infections, WHO report
After controversially attributing India’s lower growth projections for 2024 to “xenophobia,” President Joe Biden is facing criticism in the country again.
During a fundraiser for his re-election campaign in Washington on Wednesday, May 1st, President Joe Biden commented on the economic struggles of China, Japan, Russia, and India, attributing their issues to xenophobia. He explained that these countries’ reluctance to welcome immigrants is holding them back, contrasting that with the strength he believes immigrants bring to the United States.
The International Monetary Fund (IMF) projects that the US economy will grow by 2.7% in 2024, up from 2.5% in 2023, but it’s expected to slow down to 1.9% by 2025, a point not mentioned by President Biden.
In contrast, India’s economy is projected to grow by 6.8% this year, down from 7.8% in 2023.
India, with one of the world’s largest working-age populations, stands out from the aging societies in the US and the West. This demographic advantage has been a major draw for foreign companies establishing factories in the country.
India’s working population, which encompasses ages 15 to 64, makes up 68% of its total population.As of 2020, India had one of the youngest populations globally, with a median age of only 28, compared to China and the US at 37, Western Europe at 45, and Japan at 49. India is set to benefit from this demographic advantage, known as the demographic dividend, from 2018 to 2055, spanning 37 years.
Ashwani Mahajan, co-convenor of the Indian economic group Swadeshi Jagran Manch (SJM) and an economics professor at Delhi University, expressed doubts about President Biden’s economic reasoning in a conversation with Sputnik a Russian Media House.
President Biden’s characterization of India as ‘xenophobic’ lacks context, Ashwani Mahajan explained to Sputnik. He found it puzzling to interpret a single year’s dip in growth projections as an overall slowdown in India’s growth.
The academic pointed out that using a single year’s slower growth projection to suggest that India’s overall growth is declining was hard to understand.
Mahajan emphasized that India continues to be the fastest-growing major economy and is on track to become the world’s third largest economy within the next five years. He noted India’s strong performance across various economic indicators, including record foreign exports and investments, as well as a significant increase in Goods and Services Tax (GST) collections, reaching a record $25 billion in the 2023-24 fiscal year.
India Embraces ‘Vasudhaiva Kutumbakam’ Philosophy (The World as One Family )
Mahajan emphasized that India supports “legal immigration” and has taken a compassionate stance towards immigrants facing religious persecution, as evidenced by the implementation of the Citizenship Amendment Act (CAA). He clarified that India’s concern is with illegal immigration, pointing to the challenges seen in Europe where illegal immigration has sparked significant public unrest due to threats to social cohesion and national security.
Binay Kumar Singh, a spokesperson for the Bharatiya Janata Party (BJP) and expert at the Dr. Syama Prasad Mookerjee Research Foundation in New Delhi, told the media that it was unfair to label India or its people as ‘xenophobic’.
These comments are biased and show a poor understanding of India’s history, traditions, and culture, Singh noted.
Opening our borders completely would greatly strain our national resources, especially as India already supports a population of 1.4 billion. We are continually improving our methods to combat infiltration, a global issue, Singh explained.
Analyst Suggests Biden’s Remark Influenced by U.S. Domestic Politics
Sputnik reports that geopolitical analyst Dr. Gulrez Sheikh said President Biden’s comments on India appear to be mainly driven by domestic factors.
The Indian analyst suggested that President Biden is strategically using geopolitics and India in his re-election campaign while overlooking significant domestic issues. These include illegal immigration through the southern border, increasing dissatisfaction among U.S. voters regarding ongoing aid to Ukraine, and rising discontent among young Democratic voters over his administration’s support for Israel.
Sheikh charged that Biden is attempting to divert American voters’ attention from his policy errors amidst the rising popularity of former President Donald Trump.
The Federal Reserve’s policy of maintaining a high value for the US dollar against other currencies is a key factor behind the increasing growth projections for the US, Sheikh pointed out.
The Indian geopolitical analyst asserted that the policies of the US Federal Reserve are ultimately damaging the US Dollar and accelerating its decline as the dominant global currency.
(The author Girish Linganna of this article is a Defence, Aerospace & Political Analyst based in Bengaluru. He is also Director of ADD Engineering Components, India, Pvt. Ltd, a subsidiary of ADD Engineering GmbH, Germany. You can reach out to him at: [email protected])
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