India, Feb. 27 -- US President Donald Trump on Wednesday said American companies can now hire Indian graduates from US universities under the newly proposed 'gold card' citizenship initiative. The move, seen as a significant boost for Indian students, follows Donald Trump's unveiling of the 'gold card' on Wednesday-a pathway to US citizenship for wealthy foreign investors willing to invest $5 million.

Donald Trump, during his first Cabinet meeting, said he hoped the gold cards would "sell like crazy".

"A person comes from India, China, Japan - lots of different places and they go to Harvard, the Wharton School of Finance, they go to Yale they go to all great schools, and they graduate number one in their class, and they made job offers,...