Tesla CEO Elon Musk has strongly defended the H-1B visa programme, highlighting how the US economy benefits from Indian immigrants and stressing the need for high-skill talent. Speaking on Nikhil Kamath’s podcast, Musk acknowledged misuse of the system by outsourcing firms but urged reforms instead of shutting it down.
India’s economy continues to grow robustly despite US tariffs, with domestic consumption driving 68% of GDP. Corporate investments, like Apple’s $2.5 billion India expansion, signal confidence, highlighting risks that Trump’s confrontational trade stance could weaken America’s long-term strategic and economic position.
The US economy contracted 3.5 per cent in 2020 amid the Covid-19 pandemic, the largest annual decline of gross domestic product (GDP) since 1946, according to the department.
Foreign malicious cyber actors aim to harm the US economy through the theft of intellectual property and sensitive data and to threaten national security by targeting the country's critical infrastructure for malicious cyber-enabled activities