Why Indian Immigrants Become Rich
Why Indian Immigrants Become Rich and Raise Successful Kids
The journey of Indian immigrants to foreign lands is often marked by a remarkable
narrative of personal and entrepreneurial success. A key facet of this story lies in the
exceptional upbringing of their children, who frequently go on to achieve great heights in their
own right.
Let’s take a look at the current positioning of Indians in America as we delve into the
various elements that contribute to the success of Indian immigrant parents in raising so
many accomplished children.
A Current Perspective of Indian Americans
According to Oxford Academic, Indian immigrants represent only 1% of the U.S.
population, but when you take a look at their impact on the sector of high-tech companies,
you discover that 8% of the founders (and one-third of technology startups) in Silicon Valley
are of Indian nationality or descent. That gives us a very specific direction to look at:
Engineering and Technology.
That’s how we easily find big Indian names in tech that evoke huge fortunes and
companies. We have, for example, Indian-born Sundar Pichai, Google and Alphabet’s CEO
with a net worth of about $1.3 billion, and head of the biggest and most important tech
company in the world.
But the list goes on beyond Pichai: we have Jay Chaudhry, worth $8.3 billion and
co-founder of cloud cyber-security company ZScaler. Vinod Khosla, worth $5.3 billion, is a
former Sun Microsystems co-founder who amassed his fortune through early investments in
venture capital across sectors, including networking, software, and innovative energy
technologies.
Romesh Wadhwani, worth $5.1 billion, is the founder of the Symphony
Technology Group, a private equity firm for software, Internet, and technology services
companies. Or what about Rakesh Gangwal, worth $4 billion, who founded IndiGo Airlines
and remains its CEO? Or
Niraj Shah, with a net worth of $2.8 billion as co-founder,
co-chairman, and CEO of online retailer Wayfair?
The direction is clear: entrepreneurship in tech-related areas of diverse sectors. And,
of course, this wouldn’t be possible for these successful Indian billionaires without a very
specific type of education.
A STEM-Oriented education
Examining academic data from 2021 reveals a striking contrast: 80% of Indian
immigrants aged 25 and older reported holding at least a bachelor's degree, whereas only a
third of all adults among both foreign-born and U.S.-born populations achieved the same level
of education. Furthermore, a notable 49% of Indian immigrant adults had attained graduate or
professional degrees in 2021, a sharp contrast to the mere 15% among foreign-born adults
and 13% among their U.S.-born counterparts.
While it's not uncommon to observe U.S. adults investing in degrees that may not lead
to high-paying careers, Indian immigrants have already established a longstanding tradition of
understanding the importance of their children pursuing STEM (Science, Technology,
Engineering, and Mathematics) majors, ensuring that their tuition expenses translate into
valuable investments.
Indian Americans exhibit a resolute commitment to this principle, which is evident in
their career preferences. Their career choices speak loudly about their inclination towards
STEM disciplines. Engineering ranks highest at 36%, closely followed by mathematics and
computer science at 35%. A smaller yet significant portion, 10%, opt for business
management. This intentional approach to their choice of majors underscores their strategic
mindset when it comes to education and career development.
Indeed, the deliberate emphasis on STEM education among Indian Americans
significantly contributes to their potential for substantial earnings and financial success.
Family Environment
Formal education alone is not the sole factor in shaping one's work ethic and achieving
a successful career. The foundation often begins within the family unit. What sets Indian
families apart in this regard?
An intriguing aspect worth noting is the common practice among many Indian families
of residing together while jointly building and continually expanding their businesses. This
approach can be seen as a manifestation of the concept of delayed gratification. It involves a
shared commitment to living together, minimizing expenses, and reinvesting earnings into the
business, rather than indulging in extravagant spending. If they focus on formation first, there
will be time for luxury later.
Another noteworthy aspect is the divorce rate in Indian marriages. Did you know that
Indian Americans have the lowest divorce rates in the United States? It's a fascinating
observation. Some might attribute this to the tradition of arranged marriages, which is
prevalent in India but not as widespread in the United States. While arranged marriages do
occur among Indian Americans, their prevalence is lower than in India and has been
gradually declining. According to the National Center for Family and Marriage Research,
divorce rates in the U.S. vary by ethnic group, with Blacks having the highest divorce rate at
30.8%, followed by Hispanics at 18.5%, whites at 15.1%, and other ethnic groups at 12.4%.
However, for Indian families, the figures are as remarkably low as 1.3%
Regardless of the specific numbers, Indian Americans consistently demonstrate
divorce rates lower than those of any other ethnic group in the United States. Although
cultural factors and traditions undeniably influence these outcomes, it's important to
emphasize that these observations are rooted solely in statistical data.
The Specific Upbringing Strategies of Indian Parents
Indian parents are intentional in their parenting approach. They have a clear vision of
what they want to achieve with their children and actively work towards those goals. So, let's
delve into the specific facets of upbringing that contribute to the success of Indian immigrants
in raising successful children. What do these parents do?
● For Indian families, Self-sacrifice is an integral part of raising children. Mothers often
put their own dreams and passions on hold to nurture their offspring, while fathers
make career compromises to ensure their children's well-being. Every aspect of life
revolves around providing for and nurturing their children, with the end goal of molding
them into exceptional individuals.
● They also prioritize Kinship, the importance of fostering strong connections with family
and social acquaintances. They instill in their children the value of maintaining healthy
relationships and staying close to relatives. From infancy through adulthood and even
beyond, parents serve as a pillar of emotional support. They create an extended family
concept, teaching their children the significance of staying connected, and their
offspring often follow suit, emulating the values they have been taught.
● Trust is another cornerstone. Parents often become their children's best friends, at
least until they reach adulthood. Sons confide in their mothers, while daughters share
their secrets with their fathers, creating strong bonds that facilitate open
communication and support.
● Indian parents excel at identifying and nurturing the unique talents and skills of their
children. They invest significant effort in enhancing their children's natural gifts,
resulting in many Indian youths achieving recognition in creative fields thanks to the
unwavering dedication and love of their parents.
● They are known for their curiosity and keep a watchful eye on their children's attitudes
and behaviors. Rather than invading their children's privacy, they remain vigilant to
prevent them from straying down detrimental paths. This level of involvement ensures
that their children are protected from negative influences.
● Despite their busy schedules, Indian parents prioritize spending quality time with their
children. They engage with their children on a deep level, actively participating in their
upbringing rather than leaving them to their own devices. Their high level of
involvement ensures that their children grow up with a strong sense of guidance and
support deeply rooted in cultural and religious values that are instilled in Indian
children from an early age. India's rich cultural heritage is carefully passed down from
one generation to the next, ensuring that children are aware of their roots and
traditions while also teaching them to respect people from different religions, castes,
creeds, and races. In a diverse country like India, this valuable lesson in religious
tolerance is an essential part of its upbringing.
● However, Indian parents always remain judgmental of their offspring’s choices
and decisions, using their discerning nature to help protect their children from harmful
influences. Their ability to make informed judgments is a valuable trait that they pass
on to their children.
● They also have impeccable work ethics and insist on the importance of fostering their
multitasking abilities. They strike a balance between their personal and professional
lives, dedicating ample time to both their children and their careers. This commitment
to hard work and excellence is unwavering, instilling these values in their children.
● Indian parents firmly uphold their values and principles, unapologetically passing
them on to their children. They instill a sense of identity and purpose, encouraging their
offspring to be a positive force in society through the effective focus of discipline and
intention.
All these values and techniques Indian parents apply to raise successful kids are
based on the delayed gratification mentality: sacrificing now to achieve long-term benefits
for themselves and their families and children, thus renewing the cycle.
Outro
The success of Indian immigrant parents in raising accomplished children is a
testament to their unwavering dedication, strong values, and the nurturing environment they
create.
Through their unique blend of cultural richness and global awareness, they equip their
children with specific tools needed to succeed in an increasingly competitive world. This
journey is not just about personal success; it's about fostering a legacy of excellence and
making a lasting impact on future generations.