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Big Jump in Indian-American Business Ownership

By Murali Kamma Email By Murali Kamma
June 2011
Big Jump in Indian-American Business Ownership Indian-Americans owned 19.9 percent of Asian-owned firms in 2007, according to a recent Survey of Business Owners from the U.S. Census Bureau. And the receipts of these 308,514 firms owned by Indian-Americans came to $152.5 billion, amounting to 30 percent of the total for Asian-American businesses. Though Chinese-Americans owned more firms (423,609), their share of the Asian-American receipts came to $142.8 billion, which is almost 2 percent less than the share of Indian-Americans.

Furthermore, 48.9 percent of Indian-owned businesses were in the professional, scientific and technical services sector; the retail trade sector; and the healthcare and social assistance sector. It was 40 percent for Chinese-Americans. Overall, Indian-Americans owned 1.7 percent of all U.S. businesses in these sectors.

Also noteworthy was the 32.5 percent rise, between 2002 and 2007, in the number of Indian-owned businesses. Only Filipino business owners had a bigger jump during that period. California (19.1 percent) had the highest concentration of Indian-owned businesses, followed by New York (15.5 percent) and Texas (9.0 percent). In 2007, California alone had 58,995 Indian-owned businesses, of which 16,730 were in Los Angeles county. Next came the Borough of Queens (16,324) in New York.

As the report points out, New York-Northern New Jersey-Long Island (64,457), Los Angeles-Long Beach-Santa Ana (23,151), and Chicago-Naperville-Joliet (17,362) were the metro statistical areas with the highest number of Indian-owned businesses.

How did Georgia fare?

It was one of the top 10 states for Indian-American business owners. The other states (apart from the ones already mentioned) were New Jersey, Illinois, Florida, Virginia, Pennsylvania and Maryland. While the Vietnamese in Georgia owned the most number of businesses among Asian Americans, Indian, Chinese and Korean-owned businesses generated the the highest revenue. 

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