231,000 Indian businesses in the United States employed 615,000 workers and generated more than $89 billion in revenues in 2002. A recently released report by the U.S. Census Bureau found that the number of Indian businesses grew by 39 percent between 1997 and 2002, more than three times the national average growth of 10 percent.
Among Asians, Indians have the second largest number of businesses and volume of sales, behind only the Chinese, and have edged well past the Koreans, who were ranked second in 1997.
Distribution of Indian-Owned Firms By Industry
Sector
Number
Sales
(Million $)
Retail Trade
40,897
22,821
Professional Services
38,916
12,157
Healthcare
33,813
11,112
Accommodation /Food
24,497
9,860
Transportation
22,796
1,359
Real Estate
13,505
1,965
Administrative
9,318
1,950
Wholesale
8,059
13,106
Finance
5,686
1,634
Construction
5,661
2,228
Manufacturing
3,811
6,872
Information
2,969
1,861
Entertainment
2,909
238
Education
2,543
178
Forestry
218
14
Mining
206
28
Management
120
70
Utilities
37
18
Others
15,006
1,438
Total
23,1179
89,023
Metros With the Largest Number of Asian Indian-Owned Firms
Metro
Number
Sales
(Million $)
New York-Newark-Bridgeport, NY-NJ-CT-PA CSA
58,346
16,557
Los Angeles-Long Beach-Riverside, CA CSA
19,715
7,804
San Jose-San Francisco-Oakland, CA CSA
13,336
4,797
Chicago-Naperville-Michigan City, IL-IN-WI CSA
12,885
4,420
Washington-Baltimore-Northern Virginia DC-MD-VA-WV CSA
