Small Indian-American community making grand contributions in the U.S.: Report

The Indian-American community's significant impact on US society, economy, culture, and politics highlighted in a comprehensive report.

The Indian-American community, which has grown to five million in 2023, has broken through many barriers to become one of the most influential immigrant groups in the US now, a report said on June 14, observing that their story is about motivated immigrants and their children chasing the American dream.

“Indian Americans account for only 1.5% of the US population, yet they continue to have an outsized and positive impact across different aspects of US society,” said Indiaspora founder MR Rangaswami.

“The Indian American-driven innovation flows to the country’s bottom line and is laying the groundwork for the next phase of economic growth,” he said.

The report “Indiaspora Impact Report: Small Community, Big Contributions,” conducted by Boston Consulting Group, is the first volume in a series to look at the impact of the Indian diaspora, with a special focus on public service, business, culture and innovation in the United States.

Noting that the Indian diaspora’s economic impact in the US is impressive, spanning from founding major companies to significantly boosting the tax base, the report says this financial influence shows the determination of individuals who overcame challenges to make meaningful contributions to their new home.

CEOs of Indian-origin head 16 Fortune 500 companies, including Sundar Pichai of Google and Reshma Kewalramani of Vertex Pharmaceuticals. These leaders collectively employ 2.7 million Americans and generate nearly one trillion in revenue.

While it is well-known that Indian Americans lead major corporations, their impact goes beyond big business.