
Despite US EB-5 visa issuance surge in FY24 so far, Indian applicants witnessed a 22% productivity decline
Hindustan TimesThe US EB-5 program has been a highly sought-after gateway to American Green Cards for many, including Indian applicants. According to the Department of State's data, 512 EB-5 visas were issued to Indian applicants in FY24 so far, which accounted for a 22% productivity decline. EB-5 visa issuance numbers for Indian applicants According to the Department of State’s data, 7,173 EB-5 visas were issued through consular processing. Although this marked a 42% growth compared to the same period in FY2023, the number of EB-5 visas issued to Indian applicants during this period represented a 22% decline. For the FY2024 figures thus far, only 392 EB-5 visas issued to Indian investors were processed at the Mumbai Consular Office, which means that 120 Indian applicants who got their EB-5 visas during the first eight months of FY24 reside outside India.
History of this topic

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