Over the last 20 years, trade between India and the U.S. has crossed $100 billion-and the technology sector, clustered around San Francisco, has been the fasted-growing segment of this trade.
California’s tech industry contributes 10% or around $230 billion to the state’s GDP. And if California were a country, it would be the eighth largest economy in the world at $2.3 trillion; India’s is at just under $2 trillion.
Indian Americans constitute barely half a million of California’s population of 39 million, but they are a significant part of the state’s tech sector. Reports of the, School of Information at the University of Berkeley in California suggest that Indian-Americans have contributed to 15% of tech start-ups on the West Coast, and are associated with 8% of all tech and engineering start-ups across the U.S.