The Rise of Indian-Americans in USAs Corporate Arena
The Indian-American diaspora has grown significantly in the past five decades and is known as one of the most affluent and educated ethnic groups in the US. Indian-American is engaged in medical fields, science and engineering, and several math-related types of research.
FREMONT, CA : A remarkable number of Indians are influencing the different professional fields in the US. In 2021, Indian-American CEOs employed over 3.6 million people globally while accounting for $1 trillion in revenue and $5 trillion in market capitalization. In the last six months, several Indian-Americans have been appointed CEO for several market behemoths, including Lal Karsanbhai at Emerson, Sanjeev Lamba at Linde, Parag Agrawal at Twitter, and C S Venkatakrishnan at Barclays. These incidences go on to showcase how the talent of Indian-Americans is being slowly recognized in the global business community.
The Indian-American diaspora has grown significantly in the past five decades and is known as one of the most affluent and educated ethnic groups in the US. Indian-American is engaged in medical fields, science and engineering, and several math-related types of research. Several are also becoming successful entrepreneurs. Historically, Indian-Americans entered the American business ecosystem in technical roles and eventually rose to broader responsibilities. Former President Barak Obama, on several occasions, has highlighted the unprecedented rise of Indian CEOs in the country’s leading enterprises and rapid growth.
One of the first of its kind, the appointment of Rajat Gupta as the MD of McKinsey & Company in 1994 opened gates of opportunity for Indians to the helm of multinational brands. Three years later, Ramani Ayer became the first Indian CEO of a Fortune 500 financial company, The Hartford.
Today, the cross-industry companies aim to rally Indian-Americans to strengthen their professional connections and improve diversity. Since 2012, Indiaspora has brought together Indian leaders from numerous backgrounds and inspired the younger generation to bring positive change to the business community. It goes without saying that Indian-led companies are rising in the US and globally. Owing to their success so far, it is expected that Indian-Americans are poised to achieve greater heights and become a powerful force in the executive suite in the upcoming years.