The popular perception is that companies in India are taking jobs away from Americans but the numbers on the ground tell a different story.
In the last five years alone, 90 Indian companies have created 16,576 jobs in the US by investing $5.5 billion in new companies and saved over 40,000 jobs by making 372 acquisitions and investing $21 billion (for 272 deals).
These were some of the interesting findings of a recent study on How America Benefits from Economic Engagement with India by the India-US World Affairs Institute of Washington, the Robert H Smith School of Business, University of Maryland and the Federation of Indian Chambers of Commerce & Industry.
Authored by Professor Vinod Jain of the University of Maryland and Kamlesh Jain, director of research & education at the India-US World Affairs Institute, the study covers India's foreign direct investments into the US and US exports to India, as well as an assessment of their impacts on the American economy.
Image: IT giant Infosys is among the top Indian companies who have a presence in the USA.
Text: Business Standard
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