Indians boss 25 percent of startups in US, more efficient than China in 2028: Nirmala Sitharaman

Workforce Leader India: “India has a great contribution in providing the best executives to the companies globally on the strength of quality education in our country. 25 percent of all start ups in Silicon Valley (Silicon Valley, America) are in the hands of people of Indian origin”, Union Finance Minister Nirmala Sitharaman said. She attended the 10th Convocation of IIITDM Kancheepuram as Chief Guest. At that time, Sitharaman said.

Nirmala Sitharaman said that the number of Indian CEOs in the Standard & Poor’s list of top 500 companies is second only to the US figure. 58 CEOs of major companies are of Indian origin. Also there are 11 such companies, which are multinationals. Sitharaman said that the combined revenue of these companies is one trillion. So these companies have a turnover of four trillion.

Sitharaman said that more work should be done on the education system to ensure that such performance continues. He also cited examples of Google CEO Sundar Pichai and Twitter CEO Parag Agarwal. He said that India is becoming the second largest bastion of executives managing large companies.

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