Why India is witnessing slow economic growth? US President Joe Biden pins blame on Xenophobia

US President Joe Biden recently called India along with China & Japan as Xenophobic and pointed to this phobia as the reason behind their slow economic growth

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The United States has been witnessing massive Pro-Palestine protests in multiple prestigious colleges in universities including Columbia University, City University of New York, Fordham University, New York, etc. Thousands of students have been already arrested for protesting against the US government over the Palestine issue. Americans as well as immigrant students have been largely protesting students against the Biden Government. In the meantime, US President Joe Biden is preparing for another term as 'Uncle Sam'. Notably, Biden has been under the scanner of social media and many famous US personalities including Elon Musk over his failure to curb illegal immigration. Despite this, US President Joe Biden recently called India along with China & Japan Xenophobic and the reason behind their slow economic growth. Below is what US President Joe Biden said on India's Economic Growth Slowdown- 

"One of the reasons why our economy's growing is because of you and many others. Why? Because we welcome immigrants..Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic. They don't want immigrants. Immigrants are what makes us strong," said US President Joe Biden at an event in Washington to raise funds for his 2024 re-election bid.  Xenophobia is the fear or dislike of anything that is perceived as being foreign or strange.


As per the Migrant Integration Policy Index (MIPEX) quoted in a report published in 2021, India scored the least, 24 out of 100, far lower than average of 50, putting it in a category where migrant integration is deemed "denied". The index, a policy tool that measures a country's national policies on international immigrants across eight parameters, is published jointly by two European think tanks, the Migration Policy Group (MPG) of Brussels and the Barcelona Centre for International Affairs. The Modi government has also expressed its stance on not accepting Rohingya immigrants. However, the Modi Government has announced CAA under which it gives citizenship to religiously persecuted immigrants from Pakistan, Bangladesh, and Afghanistan. 


Talking about the economy, the IMF predicts a global economic slowdown in 2024 compared to 2023. Their forecasts range from a modest 0.9% growth in developed economies like Japan to a robust 6.8% in developing nations like India. The IMF also predicts a growth rate of 2.7% for the United States, a slight improvement from its 2.5% rate in the previous year.