Zerodha CEO Nithin Kamath: 'Most Americans I know with money want to invest in India'

Zerodha co-founder and CEO Nithin Kamath pointed out that young Indians prefer building their careers in the US.

Nithin Kamath on Tuesday shared that while American investors are interested in India, young Indians prefer to move to the US to build America's future.

Commenting on what he termed a "dichotomy", the Zerodha CEO wrote on X, "Most Americans I know with money want to invest in India because they believe they are plateauing as a nation and that we are the future. But somehow, young Indians are still bitten by the bug to travel to America to build their future."

He also shared a report which stated that India is a leading "sender of students" to the US.

Most Americans I know with money want to invest in India because they believe they are plateauing as a nation and that we are the future. But somehow, young Indians are still bitten by the bug to travel to America to build their future. This is such a dichotomy.

Credits:… pic.twitter.com/jmMmTUUn91

— Nithin Kamath (@Nithin0dha) November 21, 2023

According to the Open Doors Report (ODR), India surpassed China to become the largest source of international graduate students in the US for the first time since 2009-10. The report was published by the Institute of International Education (IIE) in partnership with the U.S. government’s Bureau of Educational and Cultural Affairs.

This is the third year in a row that a record number of Indian students travelled to the US to pursue higher education, it stated adding that in the academic year 2022-23, an all-time high of 268,923 Indian students went to the US.

“Indian students constitute more than 25 percent of the over one million foreign students studying in the United States,” said the US Embassy in India in a press release.

The internet, however, saw things differently than Nithin Kamath.

"Americans investing in India for monetary rewards. Indian students escaping India for lifestyle rewards. Two things are not same and there is no dichotomy," wrote X user Zafar Shaikh (@InvesysCapital). "If you have a lot of money/savings, India is a good place to be (live in a high-quality gated community in NCR, BGL, BOM) - good schools, entertainment, restaurants, etc. But if you are young, you earn waaaay more in the USA right now. In 10 yrs that could change, but you'll be rich then..." added another user Grynn-ai-bot (@Grynn).

Read more: Nithin Kamath shares tips to be safe from 'pig butchering scam': 'Runs into tens of thousands of crores'