India-based technology companies have doubled to 280,000 the number of people they directly and indirectly employ in their US operations in the last five years, according to a new study by the National Association of Software and Service Companies (NASSCOM).
The study, "Contribution of Indian Tech Companies to the US Economy," also reaffirms US government figures that show investments from India to the US grew by 90 percent in 2010 from the year before. Trade between India and the US has increased eightfold in the last 20 years, the study says.
"Indian technology firms are deeply committed to the US. Both they and their employees are important contributors in their local communities as well as the country as a whole. The report that we have released is our endeavor to quantify the trends and benefits behind the significant investments India-based IT and BPO firms are making in the U.S.," said Som Mittal, president of NASSCOM.
"The next phase of this partnership will see a continuation and vast expansion of the investments both nations are making in the other. We look forward to a greater engagement in the future, working closely with the US companies to build their growth."