 highlights the significant economic impact of Indian Americans in the United States. Despite comprising only 1.5 percent of the US population, the 5.1 million-strong Indian diaspora contributes about 5-6 percent of all income taxes in the country, amounting to approximately $250-300 billion. Indian Americans are influential leaders in various sectors, with sixteen Indian-origin CEOs heading Fortune 500 companies, including Microsoft’s Satya Nadella, Google’s Sundar Pichai, and Vertex Pharma’s Reshma Kewalramani. Collectively, these CEOs employ 2.7 million Americans and generate nearly $1 trillion in revenue. In the startup world, Indian Americans have co-founded 72 out of 648 US unicorns as of 2024. These startups employ over 55,000 people and have a combined valuation of $195 billion. The Indian diaspora’s commitment to education is noteworthy, with around 78 percent of Indian Americans holding a bachelor’s degree or higher, significantly higher than the US national average of 36 percent. Approximately 22,000 faculty members in American universities are of Indian descent, and they hold key leadership positions in 70 percent of the top 50 US colleges. Indian-origin innovators have made significant contributions to research and academia in the US. Between 1975 and 2019, the share of US patents involving Indian-origin innovators increased from 2 percent to 10 percent. In 2023, they accounted for about 11 percent of all NIH grants and 13 percent of scientific publications. Indian Americans also hold notable positions in the US government and global policymaking. As of 2023, around 150 Indian Americans are in the Federal administration, including Vice President Kamala Harris. Ajay Banga, the new president of the World Bank, exemplifies the diaspora’s influence in shaping global policies. The Indian diaspora also impacts their home country through philanthropy. They contributed over $1.5 billion to various causes in the US and supported causes in India with around $830 million in donations during 2018-19, making up 35 percent of all donations to India. Despite their achievements, the Indian American community faces challenges. About 6 percent of Indian Americans were below the poverty line as of 2020, and an estimated 14 percent were undocumented in 2021. [ad_2]){kind=link}
A current report by Indiaspora and Boston Consulting Group (BCG) highlights the numerous financial impression of Indian People in the US. Regardless of comprising only one.5 % of the US inhabitants, the 5.1 million-strong Indian diaspora contributes about 5-6 % of all earnings taxes within the nation, amounting to roughly $250-300 billion.
Indian People are influential leaders in varied sectors, with sixteen Indian-origin CEOs heading Fortune 500 firms, together with Microsoft’s Satya Nadella, Google’s Sundar Pichai, and Vertex Pharma’s Reshma Kewalramani. Collectively, these CEOs make use of 2.7 million People and generate almost $1 trillion in income.
Within the startup world, Indian People have co-founded 72 out of 648 US unicorns as of 2024. These startups make use of over 55,000 folks and have a mixed valuation of $195 billion.
The Indian diaspora’s dedication to training is noteworthy, with round 78 % of Indian People holding a bachelor’s diploma or greater, considerably greater than the US nationwide common of 36 %. Roughly 22,000 school members in American universities are of Indian descent, and so they maintain key management positions in 70 % of the highest 50 US faculties.
Indian-origin innovators have made important contributions to analysis and academia within the US. Between 1975 and 2019, the share of US patents involving Indian-origin innovators elevated from 2 % to 10 %. In 2023, they accounted for about 11 % of all NIH grants and 13 % of scientific publications.
Indian People additionally maintain notable positions within the US authorities and international policymaking. As of 2023, round 150 Indian People are within the Federal administration, together with Vice President Kamala Harris. Ajay Banga, the brand new president of the World Financial institution, exemplifies the diaspora’s affect in shaping international insurance policies.
The Indian diaspora additionally impacts their dwelling nation by way of philanthropy. They contributed over $1.5 billion to numerous causes within the US and supported causes in India with round $830 million in donations throughout 2018-19, making up 35 % of all donations to India.
Regardless of their achievements, the Indian American group faces challenges. About 6 % of Indian People had been under the poverty line as of 2020, and an estimated 14 % had been undocumented in 2021.