Indian-American communitywhich has grown to five million in 2023, has broken many barriers to become one of the most influential Immigrant groups According to a report released on Thursday, this is the biggest crisis in America. The report highlights that their story is that of motivated immigrants and their children who are trying to realize the American dream.
Despite contributing only 1.5 per cent to the US population, Indian Americans continue to have a disproportionately positive impact on various aspects of American society, it said. Indiaspora Founder M.R. Rangaswamy.He further stressed that “Indian American-run innovation It is flowing down to the grassroots level of the country and laying the groundwork for the next phase of economic growth.”
Small community, big contribution
The report titled “Indiaspora Impact Report: Small Community, Big Contribution” is the first in a series conducted by the Boston Consulting Group focusing on the impact of the COVID-19 pandemic in India. Indian diaspora In the United States, with a special emphasis on public service, BusinessCulture and innovation.
The report highlights impressive Economic impact The contributions of Indian immigrants to the US range from founding major companies to making significant contributions to the tax base. This financial impact reflects the determination of individuals who overcame challenges to make meaningful contributions to their new home.
Indian-origin leaders exert vast economic influence in US
Indian-born CEOs lead 16 Fortune 500 companies, which collectively employ 2.7 million Americans and generate nearly a trillion in revenue. Beyond big businesses, Indian-Americans have a significant presence in the startup world, having co-founded 72 of the 648 U.S. unicorns, employing over 55,000 people and boasting a valuation of US$195 billion. The entrepreneurial spirit extends to small businessesIndian Americans own about 60 percent of all US hotels. Their contribution to the US tax base is also significant, estimated at 5-6 percent of all income taxes (USD 250 billion to USD 300 billion), despite making up only 1.5 percent of the population. Additionally, their professions indirectly create 11-12 million US jobs.
The contribution of Indian immigrants in the field of research, innovation and education in the US has made great progress. Between 1975 and 2019, the share of US patents held by innovators of Indian origin increased from about two percent to 10 percent.
Indian scientists shine in US research and education world
In 2023, Indian-origin scientists received nearly 11 percent of all grants from the National Institutes of Health and contributed to 13 percent of scientific publications. Pioneers like Naveen Varadarajan in immunotherapy and Subra Suresh, former director of the National Science Foundation, have revolutionized healthcare globally. Nearly 22,000 faculty members of Indian origin are teaching in US colleges and universities, representing about 2.6 percent of all full-time faculty, including exceptional leaders like Dr. Neeli Bendapudi, the first female president of Penn State, and Arun Majumdar, the first dean of Stanford’s Doerr School of Sustainability.
The Indian-American influence: Food, health and beyond
Indian-Americans have significantly shaped the cultural landscape of the United States in various fields such as food, health, festivals, film, and fashion. Michelin-starred chefs Vikas Khanna and Maneet Chauhan have brought Indian flavors to mainstream American food, while Ronnie Mazumdar’s successful restaurants offer authentic and innovative Indian cuisine. Indian-origin health practices promoted by Deepak Chopra have become significant trends in American culture, with yoga and Ayurveda becoming prominent in American health practices.
Indian festivals such as Diwali and Holi are now widely celebrated in the US, featuring vibrant parades, music, dance, and food. Bollywood’s influence continues to grow, with stars such as Priyanka Chopra Jonas making successful transitions to Hollywood, and young talents such as Avantika Vandanapu gaining fame. In fashion, traditional elements such as henna, bindi, and lehenga are becoming mainstream, with designers Falguni and Shane Peacock showcasing their striking designs at New York Fashion Week. In literature, authors such as Jhumpa Lahiri and Abraham Verghese have made a profound impact with their exploration of the Indian-American experience.
The philanthropic efforts of the Indian diaspora reflect a strong commitment to contribute and make a difference in both the US and India. Organizations like the American India Foundation (AIF) have raised over US$125 million, impacting the lives of millions, while the Desai Foundation has touched the lives of over 1.5 million people through its health and livelihood programs. Indian Americans are also making waves in the Democratic arena, holding over 60 notable positions in the federal administration in 2013 and over 150 by 2023, including Vice President Kamala Harris, who made history as the first woman to hold the position.
Despite contributing only 1.5 per cent to the US population, Indian Americans continue to have a disproportionately positive impact on various aspects of American society, it said. Indiaspora Founder M.R. Rangaswamy.He further stressed that “Indian American-run innovation It is flowing down to the grassroots level of the country and laying the groundwork for the next phase of economic growth.”
Small community, big contribution
The report titled “Indiaspora Impact Report: Small Community, Big Contribution” is the first in a series conducted by the Boston Consulting Group focusing on the impact of the COVID-19 pandemic in India. Indian diaspora In the United States, with a special emphasis on public service, BusinessCulture and innovation.
The report highlights impressive Economic impact The contributions of Indian immigrants to the US range from founding major companies to making significant contributions to the tax base. This financial impact reflects the determination of individuals who overcame challenges to make meaningful contributions to their new home.
Indian-origin leaders exert vast economic influence in US
Indian-born CEOs lead 16 Fortune 500 companies, which collectively employ 2.7 million Americans and generate nearly a trillion in revenue. Beyond big businesses, Indian-Americans have a significant presence in the startup world, having co-founded 72 of the 648 U.S. unicorns, employing over 55,000 people and boasting a valuation of US$195 billion. The entrepreneurial spirit extends to small businessesIndian Americans own about 60 percent of all US hotels. Their contribution to the US tax base is also significant, estimated at 5-6 percent of all income taxes (USD 250 billion to USD 300 billion), despite making up only 1.5 percent of the population. Additionally, their professions indirectly create 11-12 million US jobs.
The contribution of Indian immigrants in the field of research, innovation and education in the US has made great progress. Between 1975 and 2019, the share of US patents held by innovators of Indian origin increased from about two percent to 10 percent.
Indian scientists shine in US research and education world
In 2023, Indian-origin scientists received nearly 11 percent of all grants from the National Institutes of Health and contributed to 13 percent of scientific publications. Pioneers like Naveen Varadarajan in immunotherapy and Subra Suresh, former director of the National Science Foundation, have revolutionized healthcare globally. Nearly 22,000 faculty members of Indian origin are teaching in US colleges and universities, representing about 2.6 percent of all full-time faculty, including exceptional leaders like Dr. Neeli Bendapudi, the first female president of Penn State, and Arun Majumdar, the first dean of Stanford’s Doerr School of Sustainability.
The Indian-American influence: Food, health and beyond
Indian-Americans have significantly shaped the cultural landscape of the United States in various fields such as food, health, festivals, film, and fashion. Michelin-starred chefs Vikas Khanna and Maneet Chauhan have brought Indian flavors to mainstream American food, while Ronnie Mazumdar’s successful restaurants offer authentic and innovative Indian cuisine. Indian-origin health practices promoted by Deepak Chopra have become significant trends in American culture, with yoga and Ayurveda becoming prominent in American health practices.
Indian festivals such as Diwali and Holi are now widely celebrated in the US, featuring vibrant parades, music, dance, and food. Bollywood’s influence continues to grow, with stars such as Priyanka Chopra Jonas making successful transitions to Hollywood, and young talents such as Avantika Vandanapu gaining fame. In fashion, traditional elements such as henna, bindi, and lehenga are becoming mainstream, with designers Falguni and Shane Peacock showcasing their striking designs at New York Fashion Week. In literature, authors such as Jhumpa Lahiri and Abraham Verghese have made a profound impact with their exploration of the Indian-American experience.
The philanthropic efforts of the Indian diaspora reflect a strong commitment to contribute and make a difference in both the US and India. Organizations like the American India Foundation (AIF) have raised over US$125 million, impacting the lives of millions, while the Desai Foundation has touched the lives of over 1.5 million people through its health and livelihood programs. Indian Americans are also making waves in the Democratic arena, holding over 60 notable positions in the federal administration in 2013 and over 150 by 2023, including Vice President Kamala Harris, who made history as the first woman to hold the position.
