Indian Diaspora's Impact on US Economy

Invercargill, New Zealand celebrated the 77th anniversary of India's Independence Day, highlighting the growing multiculturalism in the region, with the Mayor emphasizing trade opportunities between New Zealand and India. Indian community leaders expressed pride in their heritage and contributions, as the Indian population in New Zealand reaches around 2000. In the U.S., over 5 million Indian Americans significantly impact various sectors, with a median income nearly double that of the average American family, while robust political discourse emerges around representation and immigration issues ahead of the 2024 presidential election. Indian Americans are also noted for their substantial contributions back to India, including $25 billion in investments last year. A report highlights that Indian Americans own 60% of U.S. hotels and a significant portion of convenience stores, contributing greatly to the economy. Overall, the Indian diaspora is recognized for its achievements in both the U.S. and India, fostering strong bilateral relations and community development.