This is not actually true. The only advantage Canada has, for Indian immigrants in particular, is a skill-based immigration program that is fast and does not discriminate based on the country that they're from.
Canada allows a lot less family-based immigration than the US. Parent-sponsoring permanent residences are limited to 10,000/year compared to no cap in the US.
Overall it's the opposite. The US places a heavy emphasis on family-based immigration vs Canada that puts most of their emphasis on point-based skilled immigration.
A large number (majority?) of these applicants are Indians on h1b in the US using Canada as a backup in lieu of going back to India. It's insurance against layoffs, not being able to get a Green Card, etc.
It remains to be seen how many actually move. And after moving how many actually stay for long or try to come back to the US on a TN or L1 visa.
I would bet most won't end up staying in Canada long term.
Putting "especially Indian startups" makes it confusing but OP means startups in India. Indian startups are typically incorporated in Delaware (or Singapore) instead of India.
There are a variety of reasons:
* Ease of incorporation, getting bank accounts, predictable business laws, etc.
* The majority of the capital going into these startups is coming from outside India (a lot from the US). These investors want a more predictable and well trodden path for their investment and so they too encourage company formation in Delaware.
* After a while things become the norm in startup-land and most companies follow the playbook they've seen being done before.
The range of opinions definitely varies more than before but in my experience not by that much out of choice.
IMO the primary reason (and the only one among my circles) that Indians move back to India is immigration issues. Both for them individually and for family. The lack of being able to ever get citizenship prevents people from bringing family which then adds the additional layer of reasons to move back.
What I will say I see less of is Indians giving up and moving to "backup" countries. They're giving up and going back to India more often. (Not saying people should treat countries that way but a lot of people do).
Yes, America is that great and the proof is in the (immigration) pudding. There's a surprising gap between stated preferences vs revealed preferences in this area.
This idea sounded bad like a lot of ideas initially sound (insert ipod nomad lame meme). There was a case to be made that consumer laptop processing speeds had completely stagnated, chrome wasn't getting any lighter, and fast internet was more readily available.
But, Apple stepped in with the M1/M2 and totally obviated the need for any product like this.
Canada allows a lot less family-based immigration than the US. Parent-sponsoring permanent residences are limited to 10,000/year compared to no cap in the US.
Overall it's the opposite. The US places a heavy emphasis on family-based immigration vs Canada that puts most of their emphasis on point-based skilled immigration.