Engaging India is a weekly online column analysing the issues, trends and forces behind the business and politics shaping India and its impact on the world. Engaging India appears every Thursday morning exclusively on FT.com India, a dedicated online section on India, and is written by Jo Johnson, the Financial Times’ South Asia bureau chief; Amy Yee, New Delhi correspondent; and Joe Leahy, Mumbai correspondent.

If overseas Indians seem ubiquitous as entrepreneurs, it’s not your imagination. A report released earlier this month showed that of US technology companies founded by immigrants over the past decade, 26 per cent had an Indian founder - more than those from the UK, China, Taiwan and Japan combined.