Indian-Americans behind 96 billion-dollar startups in US, new study challenges rising hate

A new study has found that Indian-Americans are behind 96 billion-dollar startups in the United States, highlighting their significant contribution to the country's innovation economy. The findings come amid a rise in hate crimes and anti-immigrant sentiment targeting the community.

The study, conducted by a research organization, analyzed data on startups valued at over $1 billion, known as unicorns. It found that Indian immigrants or their descendants played a key role in founding or co-founding nearly a hundred such companies, spanning sectors like technology, healthcare, and finance.

The report challenges the narrative of rising hate against Indian-Americans by showcasing their outsized impact on American entrepreneurship. Researchers noted that despite facing discrimination, the community has continued to drive economic growth and job creation.

Indian-Americans, who make up about 1.5% of the U.S. population, have a disproportionately high representation among startup founders. The study underscores the importance of immigrant talent in maintaining America's competitive edge in innovation.