Sunday 3 November 2024

INDIANS IN THE USA AND THEIR CONTRIBUTION.

 

Before this I have always thought that number of Indian Americans is only 2nd after the Chinese in the USA. However, the latest data says Indian Americans are the most numerous Asians in the US as of now.

Currently there are 5.1 million Indian Americans in the US, while the US population is estimated to be 34.60 crores. So Indian Americans account for 1.47% of the US population. The American Chinese number only 4.7 million making them 2nd most populous among Asian countries.

Indians contribute about USD 300 billion in tax to the Federal treasury while the total US tax revenue is 4.92 trillion USD. So Indian Americans contribute about 6.1% of the American tax revenue which is about 4 times their proportion of the population.

A 2019 survey has shown that Indian American households have a median annual income of 132,000 USD compared to 64,000 USD for all immigrants and 66,000 USD for American households. According to the 2023 American census data the Indian American Median income has gone up to 157,000 USD.

The World Bank pegs the per capita of the US to be 81,695 USD in 2023. That means the average per capita income of Indian Americans would be 4 times based on the tax they pay and should be around 325,000 USD. That is very high indeed and is at variance with the American Indian median family income given in the earlier paragraph. This high figure on extrapolation certainly shocks me and our friends in the US would be able to throw more light on that.

Among the states, California has the highest Indian American population at over 830,000. Texas has the 2nd highest at over 480,000, New Jersey 3rd with over 415,000, and New York 4th with over 387,000.

In the least numbers, Wyoming just has 522 Indian Americans living in the state, Montana just 726, and Alaska 857.

All the above figures are from the year 2022 and it is likely that the number would be higher now in all the states.

Language-wise as per 2021 data there were over 864,000 Hindi speaking, over 507,000 Urdu speaking, over 459,000  Telugu-speaking, over 436,000 Gujarati, over 403,000 Bengali, over 341,000 Tamil, and over 318,000 Punjabi.

Telugu people in the USA numbered a mere 67543 in the year 2000. Today in 2024 there are 12, 39,000 Telugu people in the USA and they account for 24% of the Indian population in the USA. Between the years 2010-2021, in 11 years’ time, their population has gone up by 111%.

A study conducted by Dukes University-UC Berkeley revealed that between the years 1995 and 2005; Indian immigrants have founded more Engineering and Tech companies than the immigrants for the UK, China, Taiwan and japan combined.

Indian Americans have also risen to the top positions at many major companies. The list includes

1.       Google

2.       Microsoft

3.       Facebook

4.       IBM

5.       Pepsico

6.       Mastercard

7.       Cisco

8.       Oracle

9.       Adobe

10.   Cognizant

11.   Sun Microsystems

12.   Softbank

Indian Americans continuously outpace every other ethnic group socioeconomically in the USA. Indians form the largest group of physicians after Hispanics and account for 6% of all doctors in the USA.