look news india
US President Joe Biden said that countries like India are anti-foreign and this is the reason for lagging behind as an economic power. Biden said that countries like India, China, Japan and Russia are xenophobic countries. This affects their economy. Xenophobic means a kind of fear, which scares people coming from outside. Biden said that countries like India, China, Russia and Japan do not welcome outsiders. That is why their economy is not developing much.
“Our economy grows fast because we and others work hard,” Biden said at an event. This is because we welcome tourists. Biden gave the example of China to explain why China's economy has come to a standstill. Why is Japan in crisis? What is the situation between India and Russia? This is because they are xenophobic. They don't want a tourist community. But America is stronger than tourists.
IMF recession forecast
IMF has predicted recession this year till 2023. According to IMF, Japan's growth will be 0.9 percent. The growth rate of a developing country like India will also be 6.8 percent. America's growth rate will be 2.7 percent. The condition of America will improve a little. Last year America's growth rate was 2.5 percent. Experts say that tourists are the reason for the improvement in the American economy. The economy is likely to get a boost as people from outside the US join the workforce.