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Indian-Americans are the wealthiest ethnic group in America, says report

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By NewsGram Staff Writer

Indian-Americans are the wealthiest ethnic group in America, according to a report released by the US Census Bureau. The report said that the annual income of Indian-Americans crossed the $100,000 milestone, much higher than that of the whites and native Americans.

According to a report published by the US Census Bureau, the annual income of the Asian population was $72,472, which was much higher than the national median income of around $51,000. The Indian-Americans are the richest among all other communities in America. According to the data, the annual income of Indian-Americans is around $100,547 whereas the Pakistani-Americans earn around $63,000 and Bangladeshi-Americans get around $51,000.

The growth of the Indian-Americans is significant and rapid, and they established their position in America. From politics to judiciary, Indians are now respected everywhere. In 2010, the annual family income of the Indian-American was around $86,135, much lower than that of the whites or native born Americans ($90,174).

The census report also revealed that Jewish community came closer to the Indian-Americans with an annual family income of around $100,000. According to the US religious landscape study published by Pew Forum, the Jews stood first in America in perspective of business, education and all other areas. 46% of Jews crossed the billion dollar margin compared to 43% Hindu and 27% Christian.

According to a recent data released by US senate, it said that Indian-Americans will be a major power in America within 20 years and they will control the American society at large. The US senate also expressed a deep concern on the rise of the Indian-Americans and other communities and asked the government to make a strict law on Visa.

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  • Neeru

    This is no doubt a proud moment but it has a hidden reason to worry,THE last LINE: “The US senate also put a deep concern on the rise of the Indian-Americans and other communities and asked the government to make a strict law on Visa.”
    We cannot deny that this may lead to racial bias under tones as Jealousy is a basic human emotion

  • SuchindranathAiyer

    It is also true that most Indian-Americans are a disapora from minority communities Constitutionally and politically persecuted in India. So, this should be a natural alliance. (The British label “Hindu” now denotes a people governed by Periyarism, Ambedkarism, High Courtism and Supreme Courtism. We should use the term “Dharmic denoting people of the Law as opposed to “Din- e-Kitabi” people of the Book)

  • Neeru

    This is no doubt a proud moment but it has a hidden reason to worry,THE last LINE: “The US senate also put a deep concern on the rise of the Indian-Americans and other communities and asked the government to make a strict law on Visa.”
    We cannot deny that this may lead to racial bias under tones as Jealousy is a basic human emotion

  • SuchindranathAiyer

    It is also true that most Indian-Americans are a disapora from minority communities Constitutionally and politically persecuted in India. So, this should be a natural alliance. (The British label “Hindu” now denotes a people governed by Periyarism, Ambedkarism, High Courtism and Supreme Courtism. We should use the term “Dharmic denoting people of the Law as opposed to “Din- e-Kitabi” people of the Book)

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India Requests ADB to Focus on West and South Asia

Garg, who is an Alternate Governor on the ADB Board, the ADB "strategy should focus more on West Asia and South Asia as interventions in East Asia are already done fairly well," the statement said.

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Back in the Indian Test cricket team after more than a year, middle-order batsman Karun Nair says he is now working to become an all-format player in future.
Karun Nair will lead the India A side in the four-day matches in the UK. wikimedia commons

India has urged the Asian Development Bank (ADB) to focus more on the West and South Asia regions after successful East Asia interventions by the multilateral lender and has said there is no case for increasing cost of its loan instruments as it has no capital deficiency, an official statement said on Sunday.

In his intervention on Saturday at the ADB’s annual meeting in Manila, Economic Affairs Secretary S.C. Garg also made a strong case for ADB to adopt “country systems” for procurements and environmental safeguards and called for increasing lending for the private sector in developing countries, a Finance Ministry release said here.

Garg, who is an Alternate Governor on the ADB Board, the ADB "strategy should focus more on West Asia and South Asia as interventions in East Asia are already done fairly well," the statement said.
Asian Development Bank HQ, wikimedia commons

Garg, who is an Alternate Governor on the ADB Board, the ADB “strategy should focus more on West Asia and South Asia as interventions in East Asia are already done fairly well,” the statement said.

“He emphasized that the private sector operations of ADB as envisaged in the strategy should be enhanced and there should be more focus on equity participation.

“He also stated that there is absolutely no case for increase of cost of of various loan instruments as there is no capital deficiency in ADB,” it said.

Also Read: Indian Companies Invested Over $4 Billion in South Africa, says CII

“Garg also argued that there is a strong case for ADB to adopt Country Systems for procurements and environmental safeguards and called for concerted efforts towards increasing lending for the private sector in developing member countries,” it added.

According to the statement, he also highlighted the need for taking into account the likely impact technical advancements such as Artificial Intelligence (AI) and robotics, so that ADB can equip the member countries to reap maximum benefit.

The Indian delegation to the ADB also held bilateral meetings with the Japan Bank for International Cooperation. (IANS)