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What Are The Top 10 Banks of Indian Origin?

Indian-Americans (Asian Indian) are a model immigrant minority.Then how come India is still a backword country

  • Asian Indians have outperformed all other minority and majority groups in most measures of socioeconomic achievement[2]. The U.S. Congress passed a resolution on April 26, 2005, (House Resolution 227) to honor the Indian American community and Indian Institutes of Technology graduates [3]. Many individuals, particularly those in the fields of medicine and technology, consider Indian Americans the epitome of the model minority. According to the 2000 U.S. Census Indian Americans have the highest median income of any national origin group in the U.S. ($60,093), and Merrill Lynch recently revealed that there are nearly 200,000 Indian American millionaires. One in every nine Indians in the US is a millionaire, comprising 10% of US millionaires. (Source: 2003 Merrill Lynch SA Market Study). http://en.wikipedia.org/wiki/Indian_American

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    They come here and prosper because that is the way our country works. I think it is great that we can open our country to these types of immigrants who come here leaglly and really do something.

shahamit... at Yahoo! Answers Visit the source

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I beg to differ - India is NOT a backward country. Ofcourtse it has a huge population of people living under the poverty level, but that is different. My definition of a backward country would be where there is no democracy, poor infrastructure and majority of the population being uneducated and under poverty level - India does not fit this description! (Does it remind you of some country?) However it's ever increasing middle class seem to be doing better and better economically -if you compare the statistics of household income over the past 2 decades, you will find things have greatly changed. Another thing to be noted is most Indians do place a big emphasis on education - this has led to Indians doing well in developed countries, where they seem to have better scope, no corruption (or reservations!) and less competition.

estee06

Better watch who you call "backward" -- remember, India was oppressed as a colony of the British Empire for a very long time, and has only been free to control its own destiny for a few decades. Since then they've made great progress, and are now one of the most educated countries in the world. All kinds of new businesses are opening there, in addition to subsidiaries and contractors of western companies. With their large, educated population and great work ethic, things are getting better fast -- wouldn't surprise me at all to see them pass the US in GDP in 20-30 years.

WellTraveledProg

i am one and i know for a thing that we have faced a alot of hardship to get here and we utilize every oppurunity and don't spend money foolishely like on credit card.

kizprince123

im indian and i know how indian govt is extremely corrupted because of which our country is slowing down in economic growth only way to stop this is to set up an elite covert group that practices harsh punishment on corrupted politicians

YR1947

Because India lacks the economical and governmental structures necessary to become successful

oh really

India has a government, bureaucracy, legal system, courts, taxes etc. etc. that are all hostile to both individual and economic growth .

Common Sense

umm corrupt government, agricultural society and illiteracy....

nfocuz00

Are you doing a survey? wrong forum

One Big Daddy

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