Indian tech sector hired 2L Americans, helped US generate $103 bn in 2021
The direct impact of the Indian technology industry has helped the US economy to produce a total of $ 396 billion in sales to date, supporting 1.6 million jobs and contributed more than $ 198 billion for the American economy – greater than the joint economy of 20 US states in 2021 , according to reports by Nassom and IHS Markit (now part of S&P Global).
“The Indian technology sector works with more than 75 percent of the Fortune 500 company, most of those headquartered in the US and therefore are well equipped to understand and meet the challenges of critical skills from the digital era,” said Debjani Ghosh, President, Nasscom.
Indian technology companies have contributed more than $ 1.1 billion and developed partnerships with nearly 180 universities, universities, universities, and others to strengthen and diversify STEM pipes in the US.It also has given more than more than $ 3 million for the K-12 initiative. These efforts have touched more than 2.9 million students and teachers to date in the US.
In addition, more than 2.55,000 employees have now been improved by this sector, the report said.The Indian technology industry in the US has played an important role in expanding a collection of talents outside the state of traditional technology hubs.This has contributed to several states, such as North Carolina, becoming the center of technology that emerged.
Over the past decades, these countries have increased their work level by 82 percent, making a too large contribution, especially in countries that have an average concentration under IT talents, according to the report.The Indian technology industry makes an important contribution to the US economy through local investment, triggering innovation and labor, and allows the development of skills for local workers,” Ghosh said.
