The rise of India andChina among otherAsian countries as economic and political powers in the 21st century of theworldmay presage a newphase of globalization.Everything today points to anAsianEra. Celebrating this onwardmarch ofAsian countries, led byChina and India, AsianEra, our newmulti-colormagazine, focuses on this emergence of Asia, especially, India as a global power, its geopolitical implications, and the rise of Indians and otherAsians in themodernworld.Not only that Asian countries are emerging asmajor economic powers, but people OfAsian origin have established themselves as a powerful force around the globe. IndianAmericans are part of a fast growing community here in the United States, spread all across the country.According to the US census, the overall growth rate for Indians from 1990 to 2000was 105.87 percent. The average growth rate for the whole ofUSAwas only 7.6 percent.
According to the American Community Survey of the U.S. Census Bureau, the Asian Indian population in the United States grew from almost 1,679,000 in 2000 to 2,570,000 in 2007: a growth rate of 53%, the highest for any Asian American community, and among the fastest growing ethnic groups in the United States. IndianAmericans are the third largestAsianAmerican ethnic group, after Chinese Americans and FilipinoAmericans The NewYorkmetropolitan area, consisting of New York City and adjacent areas within the state of New York as well as nearby areas within the states of New Jersey, Connecticut, and Pennsylvania, is home to approximately 600,000 IndianAmericans as of 2009, comprising by far the largest Indian American population of any ethnic Asian community. Today, Indian Americans are the third largest Asian American ethnic group following Chinese Americans and FilipinoAmericans.
They are not only a fast growing group, but are also contributing to the growth of the nation in a big way.Ajoint Duke University– UC Berkeley study revealed that Indian immigrants have founded more engineering and technology companies from 1995 to 2005 than immigrants from the U.K., China, Taiwan and Japan combined. IndianAmericans own 50%of all economy lodges and 35%of all hotels in the United States, which have a combined market value of almost $40 billion. In 2002, there were over 223,000 Asian Indian-owned firms in the U.S., employingmore than 610,000workers, and generatingmore than $88 billion in revenue.
Indian Americans have the highest percentage of higher educationwhen compared to other racial groups.According to theAmericanAssociation of Physicians of Indian Origin, there are close to 35,000 Indian American doctors. According to the 2000 census, about 64% of Indian Americans have attained a Bachelor’s degree or more. (compared to 28% nationally, and 44% average for all Asian American groups). Almost 40% of all Indians have a master’s, doctorate or other professional degree, which is five times the national Average. Among Indian Americans, 72.3% participate in the U.S. work force, of which 57.7% are employed in managerial and professional specialties According to the 2000 U.S. Census, Indian American men had “the highest year-round, full-time median earnings ($51,094)