India’s IT Services Sector Expands Jobs and Investments

To showcase the contributions of the Indian IT industry to the US economy, The National Association of Software and Services Companies (NASSCOM) released a report titled, “Contributions of India’s Tech Industry to the U.S. Economy” on the sidelines of U.S.-India Strategic and Commercial Dialogue. According to the report, India-based information technology companies providing services to American businesses and other customers invested more than $2 billion in 2011-2013; paid $22.5 billion in taxes to the U.S. Treasury in those years; and today support more than direct and indirect 411,000 jobs in the U.S. – including 300,000 held by U.S. citizens and permanent residents. The report also documented charitable activities by Indian IT services companies in the U.S. through volunteers, scholarships and grants such as a $35 million gift from Tata Consultancy Services to Carnegie Mellon University announced last month. Details
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