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Christopher Rivera
Indians have always been known for their intellect and innovativeness. From being the inventors of calculus to understanding gravity 24 centuries before Isaac Newton, Indians have been at the forefront of progress.
So, it’s no surprise to learn that some of the largest companies in the world are headed by Indians. Here are some Indian origin CEO’s.
Indian Americans currently represent about 1% of the American population, which makes the appointment of 130 Indians to key positions in the Biden administration even more impressive.
The appointments fulfilled the promise he made as a presidential candidate in 2020 to the Indian American community. In fact, it’s the greatest number of Indian appointments in the history of the United States! Four Indian Americans were elected to the US House of Representatives and over 40 Indians were appointed at state and federal levels.
Now that we know president Biden has a solid faith in the capabilities of Indians in government let’s see where else they have been making an impact.
Indians are now the second most immigrant group legally migrating to the United States. With a population of more than 4.5 million, Indian Americans make up 1.4% of the U.S. population. They are also the largest group of South Asian Americans, migrating to the U.S., being only second (after the Chinese) in overall migration to the U.S.
With a high level of emphasis on education and technical knowledge, Indians are now the most sought-after employees for American tech companies. In fact, if they cannot be recruited within the U.S., companies are willing to go through a lengthy and tedious sponsorship process to acquire talent from India to place them in their organizations.
Indians are also one of the largest groups pursuing STEM in the U.S. Many are studying challenging and forward-looking subjects like Robotics and AI in some of the most prestigious American universities. These Indians are highly recruited by major tech companies even before they complete their graduation. In fact, according to Factly, “more than 75% of the Indian students in the U.S. are pursuing STEM-related courses”.
As per a report by The National Academies of Science, Engineering and Medicine titled ‘The Economic and Fiscal Consequences of Immigration’ Indian immigrants are the most entrepreneurial group in the United States. As per the report, immigrants contributed $2 trillion to the estimated GDP growth of the world's largest economy during the year 2015-16. With Indians making up a substantial amount of the migrants contributing to this whopping figure.
The report also concluded that the children of immigrants are the strongest fiscal contributors of the US population.
According to a report, released by the US Department of State's Bureau of Educational and Cultural Affairs and the Institute of International Education (IIE), “India remained the second largest source of international students in the U.S., despite a 4% decline to 193,124 students.” This equated to an injection of $7.6 billion to the US economy in the academic year of 2019-20.
What’s also of notable interest is that Factly reported that a majority of Indian students are studying STEM-related degrees, and in “2020-21, 43.9% of Indian students were on OPT” This means that just under half the Indian students that come to study in the U.S. end up staying for at least 3 years with most of them eventually staying there permanently. This is a considerable contribution when you consider the type of technical knowledge they bring to the American market.
As per a Pew Research Center Report published in 2018, 77% of Indian immigrants aged 25 or above have a bachelor degree or more. In contrast, 31% of all other immigrant groups and 32% of US-born citizens possessed at least a university degree.
9% of doctors in the US are of Indian descent, a remarkable feat considering their share of India's population. The medical expertise of Indian Americans came into the limelight during the COVID crisis when all major television networks in the US featured interviews of numerous public health experts of Indian origin commenting on how to handle the pandemic.
Indians are also very well-represented in the IT industry. Indians comprise 8 % of the founders of high-tech companies and one-third of tech startups based in Silicon Valley.
The annual household income of Indian Americans as per 2023 data is $1,23,700, nearly double to the national average of $63,922. Taiwanese and Filipinos with median incomes of $97,129 and USD 95000, hold the second and third place.
Indians have been contributing to the rise of America ever since the 1700s and it’s fair to say that the America we know today would not be what is, if it hadn’t been for this group of people.
And now the 2nd and 3rd generation American born Indians are making their mark. No longer are they struggling to make ends meet and establish themselves but rather taking the reins of the businesses their parents help set up. Or learning new skills that will change the course of the U.S and the world.
However, there is still a dire need for qualified skilled professionals in the U.S. which it seems only a dynamic country like India has the answer to. The future looks bright for Indians in America and all over the world!
Entigrity™ is a trusted offshore staffing partner to 725+ accountants, CPAs, and tax firms across the US, UK, and Canada. Our flexible and transparent hiring model gives helps firms of all sizes to hire staff for accounting, bookkeeping, tax preparation, or any other task for 75% less cost. As a firm 'run by accountants, for the accountants,' Entigrity captures the hiring needs of accounting firms most precisely, providing staff that works directly under your control and management; still, you are left with the least to worry about compliance, payroll taxes, overheads or any other benefits. To offshore accounting services, bookkeeping, Tax, and audit services, visit us.
Christopher Rivera, Chris serves as a Director of Client Relations and Business Development at Entigrity. He is an expert at leading and managing teams actively from the front. His expertise in sales, training, coaching, mentoring and influencing combined with his competitive nature makes him a strong leader. Β Chris has traveled through the length and width of the country and has spoken with more than five thousand CPAs, understanding their challenges and limitations. On the grounds of that, he can now easily provide opinions and solutions that can be immensely helpful to the professionals. He has also represented Entigrity at a number of major accounting conferences and networking events.
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