Tuesday, July 16, 2024

Indians Applicants See 22% Decline in EB-5 Visa Issuance Despite Surge in FY24: Latest News and Live Updates on July 8, 2024

Latest News Updates from India and around the World: July 8, 2024

The latest data from the Department of State has revealed a concerning trend for Indian applicants seeking EB-5 visas. According to the report, 512 EB-5 visas were issued to Indian applicants in FY24 so far, but this number has resulted in a 22% productivity decline.

This news comes as a surprise to many, as EB-5 visas are typically seen as a pathway to economic growth and prosperity for applicants looking to move to the United States. However, the decrease in productivity raises questions about the effectiveness of the program for Indian nationals.

It remains to be seen what factors may have contributed to this decline in productivity for EB-5 visa applicants from India. As more information becomes available, it will be important to monitor the situation closely and understand the implications for future applicants.

Stay tuned for more updates on this developing story as we continue to follow the latest news and updates from India and around the world.

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