WASHINGTON: Undocumented Indian Immigrants In US Hold $15.5 Billion In Spending Power: Report

WASHINGTON: Undocumented Indian immigrants to
the US, numbering over half a million, hold a collective spending power of
$15.5 billion and contribute $2.8 billion to the federal, state and local tax
revenue, says an American think-tank report.

Using the
latest available American Community Survey data from 2019 in its latest
research, the new American Economy think-tank said undocumented Indian
immigrants are the top third contributor to the US economy among other
undocumented immigrants.

There are
4.2 million immigrants from Mexico who lack documentation.

Together,
they make up more than 40.8 percent of the 10.3 million undocumented immigrants
in the United States.

In 2019
alone, they earned almost $92 billion in household income and contributed
almost $9.8 billion in federal, state and local taxes.

Mexican
undocumented immigrants held more than USD82.2 billion in spending power, money
that often goes back into local economies as they spend on housing, consumer
goods and services, the report said.

In terms
of the number of undocumented immigrants, Mexico is followed by El Salvador
(621,000, or 6.0 percent of all undocumented immigrants), India (5,87,000, or
5.7 percent), Guatemala (5.4 percent, or 5.4 percent), and Honduras (416,000,
or 4.0 percent).

With its
$15.5 billion of spending power, India, however, holds the second position,
followed by El Salvador ($11.5 billion), Guatemala ($9.1 billion) and Honduras
($6.4 billion).

They also
make significant contributions to the federal, state and local tax revenue:
India ($2.8 billion), El Salvador ($1.4 billion), Guatemala ($1.1 billion) and
Honduras ($778 million), the report said.