Elon Musk says Indian talent has hugely contributed to US growth

Amid ongoing discussions about immigration policies and the importance of attracting global talent Tesla CEO Elon Musk acknowledged the significant contributions of Indian talent to the United States noting that the country has significantly benefited from skilled Indians reported news agency ANIIn an interview with Nikhil Kamath CoFounder of Zerodha Musk discussed immigration policies and entrepreneurshipI think America has benefited immensely from talented Indians who have come to America I mean Americas been an immense beneficiary of talent from India he said reported ANIMusks comments highlight the value of diversity and the impact of Indian professionals in various sectors including technology and innovation Many individuals of Indian origin have made significant contributions to the US economy driving growth and innovationHe emphasised the need for balanced immigration policies criticising the Biden administrations lack of border controls I think there are different schools of thought Its not unanimous but under the Biden administration it was basically a total freeforall with like no border controls Unless youve got border controls So you had massive amounts of illegal immigration under Biden and actually it also had like somewhat of a negative selection effect he said reported ANIMusk said that open borders were detrimental as they allowed even criminals to enter the USIf theres a massive financial incentive to come to the US illegally and get all these government benefits then youre going to necessarily create a diffusion gradient for people to come to the US Its an incentive structure that obviously made no sense Like you got to have border controls Its kind of ridiculous not to Then thats what the left wants to basically have open borders It doesnt matter if someone knows what the situation is it could be a criminal doesnt matter he said reported ANIElon Musk addressed concerns that talented immigrants are taking jobs from nativeborn citizens saying hes unsure about the validity of this perception Based on his experience he believes theres a scarcity of talented people suggesting that skilled immigrants are filling gaps rather than taking jobsOn the right youve got a perception that somehow their jobs are being taken by talented people from other countries I dont know how real that is My direct observation is that theres always a scarcity of talented people he said reported ANIMusk advised budding entrepreneurs to focus on creating value working hard and being prepared for failureFrom my standpoint we have a lot of difficulty finding enough talented people to get these difficult tasks done and so more talented people would be good But I guess some companies out there are making it more of a cost thing where its like okay if they can employ someone for a fraction of the cost of an American citizen then I guess these other companies would hire people just to save costs But at my company the issue is we are just trying to get the most talented people around the world he said reported ANIWhen asked for advice for budding Indian entrepreneurs Musk said that anyone who wants to make more than they take has his respectIm a big fan of anyone who wants to build So I think anyone who wants to make more than they take has my respect So thats the main thing you should aim for he said reported ANIHe said that if one contributes to society it is a pursuit of happinessAim to make more than you take Be a net contributor to society Its kind of like the pursuit of happiness If you want to create something thats financially valuable you dont pursue that Its best to actually pursue making useful products and services If you do that then money will come as a natural consequence of that as opposed to pursuing money directly he said reported ANIMusk further said that anyone who wants to make a company should work hard and brace for failureJust like you cant pursue happiness directly You pursue things that lead to happiness but its not like a direct pursuit You do things like fulfilling work or study or friends loved ones that as a result make you happy So this sounds like its selfevident but generally if somebodys trying to make a company work they should expect to grind super hard Except that theres like some meaningful chance of failure But just focus on making the output worth more than the input Are you a value creator Thats what really matters he said reported ANIWith inputs from ANI