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India’s IT Services Sector Expands Jobs and Investments

India’s IT Services Sector Expands

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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