US-Educated Entrepreneurs Drive Growth in the Indo-US Corridor
US-Educated Entrepreneurs: A Catalyst for Growth
The dynamic Indo-US corridor is increasingly benefiting from the contributions of US-educated entrepreneurs. The strong demand for American products in India led to imports worth $51 billion in 2022-23. On the flip side, India's exports to the US climbed to $79 billion in goods and $33 billion in services during the same period.
Sustained Investment Trends
- US companies have invested around $63 billion in India through FDI equity since 2000.
- Indian companies have poured over $40 billion into the US by 2023, creating 426,000 jobs.
The Impact of International Education
Approximately 250,000 Indian students, representing 25% of all international students in the US, contribute $10 billion to the US economy and support 93,000 indirect jobs annually. Notably, out of India's 114 unicorns in 2023, 25% were founded by US-educated entrepreneurs.
Remittances and Economic Ties
The US remains the largest source of global remittances to India, sending nearly $26 billion in 2022-23. This financial flow further cements the critical economic bond between the two nations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.