Indian Immigrants Important in Driving Economical Growth of U.S.

Bangalore: Various Indian entrepreneurs, especially Gujaratis, are improving the American economy, according to a National Foundation for American Policy (NFAP) Survey, 2011. The NFAP Policy was based on Immigrant Founders and Key Personnel in America’s Top 50 Venture-Funded Companies.

According to TOI, 46 percent of the 23 companies, which fall in the category of Top 50 Venture-Funded Companies, have Gujarati immigrants. Also, Gujaratis have generated about 150 work opportunities per organization in the U.S. Stuart Anderson, Executive Director of NFAP, mentioned that Gujaratis were an important part of American economy. The survey revealed that most immigrants were from India, followed by Israel, Canada, Iran and New Zealand. He also said, "While America has achieved great success as a nation of entrepreneurs, it should not assume this will continue without improved policies in immigration."

According to the survey, immigrants are becoming an integral part of American economy and channeling growth and innovation. Immigrants were instrumental in starting almost 50 percent of America’s Top 50 Venture-Funded Companies. Such immigrants occupy top level management positions or product development teams in almost 75 percent of top companies. This survey was based on Top 50 Venture-Funded Companies in the US, which were ranked by Venture Source, a research organization, based on – company growth, successful track record of CEOs; founders and investors and capital raised. These companies are each valued at about $1 billion in stock market. It also states that 48 percent of Top 50 Venture-Funded Companies had a minimum of one immigrant founder.

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