Indian tech firms support more than 411,000 jobs in US: Nasscom & IBEF FACT of the Day

Contrary to what media reports in United States; Indian information technology companies invested more than $2 billion, paid $22.5 billion in taxes between 2011 and 2013, and supports 411,000 direct and indirect jobs in the US, the apex software industry body Nasscom said on Monday ahead of Prime Minister Narendra Modi’s visit to that country later this month, reported livemint.

In a report released on the sidelines of US-India Strategic and Commercial Dialogue in Washington, Nasscom said that direct and indirect jobs supported by India’s IT sector in the US grew at an annual rate of 10% from 2011 to 2014—or about six times higher than the average jobs growth rate of 1.7% during the same period.

“Indian IT organizations benefit from access to the U.S. market, just as American IT organizations benefit from their investments and operations in India,” said Nirmala Sitharaman, minister of state for commerce and industry, who is visiting Washington, DC for US-India Strategic and Commercial Dialogue.

“This momentum is surely going to increase manifold with new partnership opportunities emerging in the areas of Digital India and Smart Cities for American technology firms.”

US states that led the numbers in direct jobs created by Indian IT companies include California, Texas, Illinois, New Jersey, New York, Georgia, Ohio, Washington, Michigan, and Pennsylvania. Texas, Michigan, Illinois, California and Georgia.

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