look news india
Indian Contribution to the Economy of the United States: The number of citizens of Indian origin living in America has exceeded 50 lakhs. Indians are the most influential tourist community in America. Indiaspora, an NGO associated with Indian-Americans, says that although Indians constitute 1.5 percent of the population of America, they are making a huge contribution in promoting the economy here.
CEOs of Fortune 16 companies are Indians, with annual revenue of $1 trillion
Fortune Indiaspora has recently published a report. It explains how Indian Americans have played a role in strengthening the American economy. The report says that out of the Fortune 500 companies, 16 CEOs are of Indian origin. These include Sundar Pichai and Reshma Kewalramani. The 16 companies whose CEOs are Indians employ 27 lakh Americans. These companies earn one trillion dollars every year.
55,000 people are employed in Indian origin startups in America
Indian Americans have also contributed a lot to the American startup ecosystem. Out of 648 unicorn startups in the US, 72 co-founders are Indian Americans. The total value of Indian American startups is $195 billion and it provides employment to 55 thousand people.
60 percent of motels are owned by Indians
60% of the motels in the US are also owned by Indian Americans. Apart from this, Indian American businesses are employing 11 to 12 million Americans. Indian Americans pay 250 to 300 billion dollars in taxes every year in the US, which is five to six percent of the total tax.
Indian Americans also in the field of science and education
According to the report, the share of patents held by Indian-origin innovators in the US grew from 2% to 10% between 1975 and 2019. In 2013, Indian-origin scientists received 11% of all National Institutes of Health grants. Indian Americans make up 2.6 percent of full-time faculty at US colleges and universities.
How did it impact America culturally?
Indian Americans have influenced America culturally to a great extent. Chefs of Indian origin like Vikas Khanna and Manit Chauhan have popularized Indian cuisine in America, while celebrities like Deepak Chopra have popularized Ayurveda. Swami Vivekananda's yoga has become a part of the daily routine of Americans. Ten percent of Americans will practice yoga by the end of 2023. Even Indian festivals like Diwali and Holi are now celebrated with great pomp in America. Indian Americans are also rapidly moving forward in politics. More than 150 Indian Americans hold important positions in the US federal government. While as of 2013, Javalez was an Indian American.
