India-U.S: Economy and Trade
U.S. economy: $17 trillion
Indian economy: $1.87 trillion
Bilateral trade: $120 billion in 2013-14
India recieves $70 bn in remittances annually, $11 bn(15.7%) comes from Indian Americans
India-U.S: People-to-People Engagement
Over 3 million people of Indian origin live in the U.S.
33% of immigrant entrepreneurs in Silicon Valley are Indian American
7% of entrepreneurs & Physicians in the U.S. are of Indian origin
Over 40% of hotels and motels in the U.S are controlled by Indian Americans
Indian students in the U.S. contributed nearly $2 billion to the U.S. economy in 2012-2013
15% of the applications for U.S. F-1 student visas are from India
India-U.S: Research and Development
U.S. R&D budget: $150 billion annually (2.79%)
Indian R&D budget: $650 million (0.9% GDP)
That’s 4% of US budget, with 4x the population of the US.
ISRO’s budget: $1 billion
NASA’s budget: $20 billion
India’s Mars mission budget: $75 million
NASA’s $670 million Maven satellite.
All facts and figures have been taken from the book ‘India-U.S. Partnership: $1 Trillion by 2030′.
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