According to a report released on Thursday, the Indian-American group, which has grown to five million in 2023, has overcome many obstacles to become one of the most powerful immigrant teams in the US. Their history, according to the report, is characterized by the parents ‘ pursuit of the American dream by inspired immigrants.
Indian Americans continue to have a overwhelmingly positive impact on various aspects of American society despite making up only 1.5 % of the people, as noted by Indiaspora leader MR Rangaswami. He added that” American American-driven technology is laying the groundwork for the next period of economic development” and” the government’s bottom line is benefited from it.”
Little area, large efforts
The document, titled” Indiaspora Impact Report: Small Community, Big Contributions”, is the first in a line conducted by Boston Consulting Group, focusing on the effect of the Indian community in the United States, with a particular focus on public services, business, culture, and creativity.
The report highlights the significant economic impact of the Indian community in the US, which ranges from founding significant businesses to significantly increasing the revenue center. This economic impact demonstrates the resolve of those who overcame obstacles to contribute meaningfully to their new residence.
Officials of Indian descent have a significant financial impact in the US.
Indian- nature CEOs lead 16 Fortune 500 companies, cooperatively employing 2.7 million Americans and generating almost one trillion in profits. Beyond great enterprise, Indian- Americans have a major presence in the business world, co- founding 72 out of 648 US unicorns, employing over 55, 000 people, and valued at USD 195 billion. Indian Americans own about 60 % of all US hotels, and the entrepreneurial spirit extends to little businesses. Their efforts to the US tax center are also significant, estimated at 5- 6 per cent of all income taxes ( USD 250 billion to USD 300 billion ), despite making up only 1.5 per cent of the community. Moreover, their professions directly create 11- 12 million National jobs.
Research, technology, and education in the US have thrived thanks to the efforts of the Indian community. Between 1975 and 2019, Indian-born entrepreneurs held a share of US patents worth$ 2 to$ 10 on average.
American academicians excel in both academic and academic fields in the US.
Researchers of Indian descent made up 11 % of all grants awarded to National Institutes of Health in 2023, and they also contributed 13 % to scientific papers. Healthcare has been radically changed by pioneers like Navin Varadarajan of vaccination and Subra Suresh, a former National Science Foundation producer. Around 22, 000 faculty members of American- origin are teaching at US colleges and universities, making away about 2.6 per cent of all complete- time faculty, with standout leaders like Dr Neeli Bendapudi, Penn State’s second female president, and Arun Majumdar, the initial Dean of Stanford’s Doerr School of Sustainability.
Indian- American influence: Cuisine, wellness, and beyond
Indian- Americans have significantly shaped the cultural landscape of the United States across various domains such as cuisine, wellness, festivals, film, and fashion. Vikas Khanna and Maneet Chauhan, two Michelin-starred chefs, have introduced Indian cuisine to American dining, while Roni Mazumdar’s successful restaurants serve up authentic and creative Indian dishes. Yoga and Ayurveda are a staple in American wellness practices, just like those promoted by Deepak Chopra.
Indian festivals like Diwali and Holi are now widely celebrated in the US, featuring vibrant parades, music, dance, and food. With stars like Priyanka Chopra Jonas making successful transitions to Hollywood and young talents like Avantika Vandanapu gaining notoriety, Bollywood’s influence continues to grow. In fashion, traditional elements such as henna, bindi, and lehenga are becoming mainstream, with designers Falguni and Shane Peacock showcasing their glamorous designs at New York Fashion Week. Authors like Jhumpa Lahiri and Abraham Verghese have had a significant influence on the literature through their explorations of the Indian-American experience.
In both the US and India, the Indian diaspora’s philanthropic efforts demonstrate a strong commitment to giving back and making a difference. Organizations like the American India Foundation ( AIF ) have raised more than USD 125 million, causing millions of lives to be lost, while the Desai Foundation has impacted over 1.5 million lives through its livelihood and health initiatives. In addition to making history as the first woman to hold that office, Vice President Kamala Harris is one of the more than 150 notable positions in the federal government that are currently held by Indian Americans.
