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'America has 3.22 million Indians'
August 30, 2007
"There are 3.22 million Indians in America. Out of which, Jhunjhunwala said, 38 per cent are doctors, 12 per cent scientists, 36 per cent are NASA employees.
Dwelling on the statistics a bit more, Jhunjhunwala said that 34 per cent of Microsoft employees, 28 per cent of IBM employees, 17 per cent of INTEL staff and 13 per cent of XEROX employees are Indians. Indians, therefore, do have substantial contribution towards US growth.
The impact of the current credit crisis in the US will lead to a slowdown in the US economy, and that is bound to affect world equity markets, "India, however, may benefit," argued Jhunjhunwala, "but only after an intermittent transition period."
Text, courtesy: RARE Enterprises and Shailesh J Mehta School of Management, IIT, Bombay
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