By Parth Vakil

“Two children, one carand a white picket fence. Forty years ago, this image was etched in the minds of most Americans as the embodiment of the American Dream.

As someone who was born in Texas in the early 90s, I can easily say that the image described above does not resonate the same with young adults in America today. I know more than one person who rents their current residence and still owns many investment properties. Values ​​and goals evolve just as the definition of the American Dream changes across generations.

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The same wave of changing perspectives has washed up on the shores of India. My parents came to the United States around 1980. India. It was a common and respected practice at the time. life For children of successful Indian families, coming to the US and graduating or going to business school was about building a respectable career and preparing future generations for success in America. This is no longer an expectation or a clear choice.

For India’s new generation, their assignment in the US may consist of several things, such as earning a bachelor’s degree from a reputable university, gaining work experience at a reputable firm, and then returning to India to capitalize on that experience and seize the abundant opportunities in the past. House.

With honed skills and strong networks gained from their time at top universities and companies in America, they are well equipped to take their share of India’s promising future and reach new heights of success.

To be clear, this may not become the new standard. Staying in America remains the more common option, and for good reason. The Indian diaspora is by far the most successful immigrant population in the United States and is growing stronger with each passing year. The point is that there is more than one path the next generation can choose; Fortunately, both destinations are interesting.

There is significant value for the next generation to have the option to participate on both sides of the India-US intersection. Many wealthy families are turning to ‘residency by investment’ programs to do this and provide support for their children, regardless of which path they choose. For those who have the financial resources to invest the required amount in India, the US EB-5 visa has become an attractive option.

Under EB-5, an investor can obtain a green card (i.e., permanent residence in the United States) for himself and his immediate family. invest Minimum of $800,000 for a qualified commercial project. Many see this as a kind of safety net for their family’s future. If the next generation decides to make a life in America, they can do so without restriction. We not only facilitate their admission into reputed universities but also help their chances of admission.

After earning their degree, permanent resident status provides them with the freedom to work wherever they choose, rather than being solely dependent on themselves. works and companies that provide employer sponsorship (such as an H-1B visa) required for non-green card holders. With an EB-5 visa, they gain access to a variety of roles and opportunities that would otherwise be out of reach. For example, joining an innovative artificial intelligence initiative, working in a boutique investment firm, or even starting your own business.

The strong presence of Indian families across the world gives future generations tremendous flexibility to chart their own path. Some will settle in the United States in pursuit of their own version of the American dream. Others will hone and diversify their skills abroad before returning to deploy their skills and weather the winds in India. ‘Residency by investment’ programs such as EB-5 serve as an effective tool for wealthy families to open new doors and unlock the best of both worlds for the next generation. Fortunately, no matter which path they choose, the future looks promising!

(The author is Ek.indUS Founding Partner)

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