American President Donald Trump has announced that American companies can now hire Indian graduates from American universities under the new ‘Gold Card’ citizenship plan. Trump emphasized that the current system has forced top Indian talents to leave America, causing huge losses to the economy there. Donald Trump on Wednesday announced the ‘Gold Card,’ a new path to US citizenship. Under this, rich foreign investors who invest 5 million dollars (about Rs 37 crore) will get the path to American citizenship. Trump said that this plan will prove to be a big opportunity for Indian students.Talking about the consequences of this policy, Trump acknowledged that many talented graduates who were forced to leave the US became successful entrepreneurs in their countries. He said, “They go back to India or their country, open companies, and become billionaires. They employ thousands of people. This is a big economic loss for America.” The Gold Card plan is being described as a premium version of the existing Green Card. It provides a path to long-term residency and citizenship. Trump said that this plan is also a way to raise revenue for the American economy. He said, “If we sell 10 lakh gold cards, it will be worth 5 trillion dollars (about Rs 370 lakh crore).” He suggested that this money could be used to pay off America’s debt. This plan will replace the existing EB-5 visa program, which requires investors to spend $1 million (about Rs 7.5 crore) and invest in a business that employs at least 10 people. Trump believes that the gold card will prove to be a game-changer. He said, “They will be rich and successful, spend a lot of money, pay taxes, and employ a lot of people. We think it will be very successful.” Talking on this topic, Professor Rajiv Malhotra, an expert on US-India immigration policies, said, “Trump’s ‘Gold Card’ plan is a big shift in US immigration policy. It opens doors for Indian graduates and wealthy investors, making it easier for them to stay and contribute to the American economy. For Indian students, this is a huge opportunity to secure jobs and long-term residency after studying in the US. However, the high investment requirement means it mainly benefits the ultra-rich. We will have to see how this impacts skilled professionals who don’t have millions to invest.”
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