Indolink.com reports on a study released today that breaks down the impact of Indian immigrants on several key U.S. economic sectors. Titled, “AmericaÂ’s New Immigrant Entrepreneurs,” the document is full of interesting pie and bar charts that reveal the disproportionate influence that Indian immigrants have had in the last couple of decades. However, I’m here for those of you who don’t like pie and bar charts (slackers).
The joint Duke University – UC Berkeley study reveals that Indian immigrants have founded more engineering and technology companies from 1995 to 2005 than immigrants from the U.K., China, Taiwan and Japan combined. The report also shows that Indians have overtaken the Chinese, albeit marginally, as the leading group of immigrant entrepreneurs in Silicon Valley.
The immigrant contributions must be viewed as part of a “U.S. global advantage” and provide a pointer to what “the U.S. must do to keep its edge,” the study says. In addition the study reveals that the patents awarded to non-citizen immigrants – typically foreign graduate students completing their PhDÂ’s, green card holders awaiting citizenship, and employees of multinationals on temporary visas – increased from 7.8% in 1998 to 24.2% in 2006.
It’s “a report that will without doubt rock the boat,” claims Vivek Wadhwa of Duke University, the primary author of the study. [Link]