NEW DELHI
\nIndian foreign minister Subrahmanyam Jaishankar rejected US President Joe Biden\u2019s comment that \u201cxenophobia\u201d was hobbling the South Asian nation\u2019s economic growth, The Economic Times reported on Saturday.
\nJaishankar said at a round table hosted by the newspaper on Friday that India\u2019s economy \u201cis not faltering\u201d and that it has historically been a society that is very open.
\n\u201cThat\u2019s why we have the CAA (Citizenship Amendment Act), which is to open up doors for people who are in trouble … I think we should be open to people who have the need to come to India, who have a claim to come to India,\u201d Jaishankar said, referring to a recent law that allows immigrants who have fled persecution from neighbouring countries to become citizens.
\nEarlier this week, Biden had said \u201cxenophobia\u201d in China, Japan and India was holding back growth in the respective economies as he argued migration has been good for the US economy.
\n\u201cOne of the reasons why our economy\u2019s growing is because of you and many others. Why? Because we welcome immigrants,\u201d Biden said at a fundraising event for his 2024 re-election campaign and marking the start of Asian American, Native Hawaiian and Pacific Islander Heritage Month.
\nThe International Monetary Fund (IMF) forecast last month that growth in Asia\u2019s three largest economies would slow in 2024 from the previous year.
\nThe IMF also forecast that the US economy would grow 2.7 per cent, slightly brisker than its 2.5pc rate last year. Many economists attribute the upbeat forecasts partly to migrants expanding the country\u2019s labour force.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI Indian foreign minister Subrahmanyam Jaishankar rejected US President Joe Biden\u2019s comment that \u201cxenophobia\u201d was hobbling the South Asian nation\u2019s economic growth, The Economic Times reported on Saturday. Jaishankar said at a round table hosted by the newspaper on Friday that India\u2019s economy \u201cis not faltering\u201d and that it has historically been a society […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-404747","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-world"},"yoast_head":"\n