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Indian billionaires buy foreign companies as growth slows at home bbc.in/3Q0aYsn

#WATCH | Delhi: On the question of recent changes in J1 visa, F1, H-1B visa, US Secretary of State Marco Rubio says, "First of all, I accept the contribution that Indians have made to the U.S. economy. Over $20 billion has been invested in the U.S economy by Indian companies. We want that number to continue to increase... The changes that are happening now, or the modernisation of our migration system into the United States, are not India-specific; it is global, it's being applied across the world. We are in a period of modernisation. We've had a migratory crisis in the United States. This is not because of India, but broadly, we have had over 20 million people illegally enter the United States over the last few years, and we've had to address that challenge... Everything that you do as a country needs to be in your national interest, and that includes your immigration policy. The United States, I believe, is the most welcoming country in the world on immigration. Every single year, a million people, roughly, become permanent residents of the United States and contribute greatly. My parents entered the United States as permanent residents in 1956 from Cuba. It's a process that's enriched us. But it has to be a process that's adjusted in every era to the realities of the modern times in which you live. We are, and it's long overdue. So the United States is currently undergoing a process of reforming the system by which we choose how many people come into our country, who comes in, when they come in, cetera. Anytime you undertake a reform, any time you undertake a change in the system by which you admit people, there's going to be a period of transition that's going to create some friction points and some difficulties and so forth... It is not a system that is targeted at India; it is one that's being applied globally. But we're in a period of transition, and like any period of transition, there's going to be some bumps on that road. But we think ultimately our destination is going to be a better system, a more efficient system, one that works better than the one that we had in place previously and more sustainable by the way."