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Monday, November 23, 2009

Bay Area ties to India a strategic asset


Bay Area ties to India a strategic asset:

"India has become a top-tier player in the world economy, and like China, its economic trajectory will influence global markets for the rest of this century. The good news for the Bay Area is that our ties to India are uniquely strong and deep. Indian immigrants have founded many of Silicon Valley's iconic firms; many are serial entrepreneurs and venture capitalists. The Bay Area's Indian community broadly mirrors their success: Median income is more than $107,000, 75 percent of adults have at least a bachelor's degree, and 70 percent are in management or professional positions. Roughly half are homeowners."