According to the Indiaspora which is a nonprofit organisation established to transform the success of the Indian diaspora into meaningful impact worldwide, Indians are the leading the job creators in the world. The list has been drawn from the latest editions of Forbes and Fortune and includes those Indian-origin people who are running the ship of their companies as Chief Executive Officer, President, or Chairman of the Board. Not all is doom and gloom as the world collectively battles the China made pandemic.
According to a recent report, Indians are the global job creators as 58 Indian-origin executives employ over 3.6 million people spanning 11 countries.
Under the leadership of 58 Indian-origin executives, the companies across 11 countries such as the US, UK, Canada, Singapore to name a few, employ 3.6 million people and collectively generate $1 trillion (Rs 7498 billion) in revenue, with market capitalisation amounting to about $4 trillion.
The companies have delivered healthy profits as under the stewardship of the 58 Indian-origin executives, the companies have delivered annualised returns of 23% thereby outperforming the S&P 500 by 10 per cent.
“We wanted to capture this incredible feat that our community is achieving with increasing numbers. The impact that the Indian diaspora is having in the realm of business is remarkable. It’s one of the reasons we launched this project, and we hope our lists will continue to raise the profile of those who have reached the very top of their fields while also serving as agents for positive change,” said Indiaspora Founder MR Rangaswami.
“It’s inspiring to see so many leaders of Indian heritage playing a significant role in business and in society. Our culture and our values are a common starting point. But it’s what we do with the opportunities presented to us that make a difference. When we lean into our diverse experiences to deal with challenges like the pandemic or racial injustice, we can have an even greater impact on the lives of those around us,” said Ajay Banga, President and CEO of Mastercard.