‘Sergei brins of the world came as students ..’: Raghuram Rajan warned about the risk for the American economy if foreign students are mentioned by Trump

US President Donald Trump has been criticized by Raghuram Rajan for curbing the entry of foreign students into the US. The former RBI governor has warned that if the pipeline of international students in the US becomes a hit, it will have long -term consequences for the US economy.Statistics show that international students forms 5.9% of about 19 million students in US higher education. During the 2023–2024 academic year, the US welcomed more than 1.1 million international students, leading to India, followed by China.Talking to Bloomberg TV, Rajan insisted that foreign students have traditionally been important for America’s economic dominance and innovative abilities, but the current policies have threatened to reduce this strategic profit.Raghuram Rajan tells about the importance of foreign students in America“The world’s Sergei Breens came as students and performed miracles for the American economy,” said Rajan, referring to the co-founder of Google. “To some extent, the problem is that universities have not made a case that they are so central for American development, but also central for the distribution of that development.”Also read Remittance: Donald Trump’s ‘The One Big Beautiful Bill’ can be ugly for Indians in AmericaCurrently serving as a professor of finance at the Chicago Booth School of Business, Rajan said that restricting foreign students can affect employment growth, saying how organizations like Alphabet Inc.’s Google have created thousands of jobs, partially due to their access to immigrant talent.What is the curb on foreign students?Regarding antisementism, it began as an investigation into reputed institutions such as Harvard University and Columbia University, which has developed as a comprehensive challenge for the foundation of higher education. The Trump administration on Tuesday accelerated the situation, considering the more rigorous social media screening of the applicants, directing the student visa interview scheduling, directing American embassies globally to prevent scheduling.State Secretary Marco Rubio has directed all American embassies globally to stop scheduling student visa interviews, while the administration evaluates the increased investigation of the social media accounts of the applicants.In a diplomatic cable sent to the embassy employees worldwide, the latest measures represents another step in the efforts of the US government to limit the international student’s access to American government’s American educational institutions, citing concerns about national security and anti -behavior.Also read ‘Will not discuss …’: The US tells the WTO that India has no basis for implementing anti -retaliation on 29 American products.Cable said: “In the preparation for the expansion of effective social media screening and veating immediately, the Consular section should not add any additional student or exchange visa appointment capacity until further guidance is issued until further guidance is issued.”Rajan expressed his restlessness about the current situation, taking into account the growing concern between educational staff and leadership about visa stability and potential government results. “This is not a great environment,” he said. “This is an environment that is disrupting the final production that the university contributes to the American economy.”Rajan also highlighted how the current decision-making process of international students is similar to business investment behavior during the indefinite period. “If uncertainty increases, you either postpone investment or take it to a place where things are more sure,” he said.