US lawmakers may be seeking to restrict entry of skilled foreign workers to save jobs of their citizens, but a new research shows that firms founded by immigrants from places like India are creating thousands of jobs every year in the country. In a new study, researchers from Duke University, along with the University of California-Berkeley, and the Kauffman Foundation, showed that Skilled, Educated Immigrants Contribute Significantly to U.S. Economy and that 25.3 pc US tech firms started by immigrants.
Almost 26 percent of all immigrant-founded companies in the past 10 years were founded by Indian immigrants. Immigrants from the United Kingdom, China and Taiwan contributed to 7.1 percent, 6.9 percent and 5.8 percent of all immigrant-founded businesses, respectively.
News source: Duke.edu