India Inc has contributed $105 bn to US economy: Anand Sharma
When the Indian outsourcing industry is being blamed for taking away American jobs, a study has found that corporate India has created employment for 300,000 people in the US between 2004 and 2007.
An India Brand Equity Foundation study released by commerce and industry minister Anand Sharma mentioned $105 billion contribution by the Indian industry to the US economy during 2004-07. “This revealed a story of commitment to optimise and to invest in the future of the relationship,” Sharma said.
The $50-billion Indian outsourcing industry has come in for a major attack in the US, bolstered by president Barack Obama’s calls to the US companies to move from Bangalore to Buffalo. The Indian industry has been trying to lobby with influential Americans and opinion leaders about the benefits that the American can derive from developing economies.
Friday, June 19, 2009
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