Indian Americans Contribute to Both US and India: MR Rangaswami Highlights Achievements
MR Rangaswami, founder of the US-based non-profit diaspora advocacy group Indiaspora, discussed the significant contributions of Indian Americans in various fields such as healthcare, education, and hospitality. He noted that Indian Americans are not only contributing to the US but also investing heavily in India.
“A lot of the NRIs in the US are investing in India. Last year, for example, 25 billion dollars of money came from the US to India and most of this went into buying property, investing in companies, investing in the stock market and so on and so forth,” Rangaswami said.
He highlighted that Indian Americans are the highest earning demographic in the US and create numerous jobs. They are doctors, professors, and hoteliers, with 60% of US hotels owned by Indians. Many of these hotels are in small towns where big corporations may not want to set up.
Rangaswami also mentioned the global acceptability of yoga, with about 36,000 yoga studios in the US, validating its value. He emphasized the bidirectional trade between India and the US, with both countries investing billions in each other.
There are about 30 million diaspora members living outside of India, with 5.1 million in the US. They contribute significantly to charities and investments in India. Rangaswami praised India’s infrastructure progress and Prime Minister Narendra Modi’s leadership, noting the dramatic improvements in airports, roads, and highways.
He expressed pride in India’s world-class infrastructure projects and the ease of doing business. Rangaswami also mentioned the excitement within the Indian American community about Kamala Harris running for president.
Doubts Revealed
MR Rangaswami -: MR Rangaswami is a person who started an organization called Indiaspora. He talks about how Indian Americans are helping both the US and India.
Indiaspora -: Indiaspora is a group that connects people of Indian origin living in different countries. They work together to make a positive impact in both the US and India.
diaspora -: Diaspora means people who have moved from their home country to live in other countries. In this case, it refers to Indians living in the US.
infrastructure -: Infrastructure refers to the basic physical systems of a country, like roads, bridges, and buildings. It helps the country function smoothly.
Prime Minister Modi -: Prime Minister Modi is the leader of India. His full name is Narendra Modi, and he makes important decisions for the country.
Kamala Harris -: Kamala Harris is a politician in the US. She is of Indian and Jamaican descent and is currently the Vice President of the United States.
