Indian IT firms employ over 1 lakh in US: Report

NEW DELHI: India’s $100-billion IT-BPO industry contributed over $15 billion towards the US treasury in the last five years, and about two lakh jobs to the US economy, said a report released by Nasscom in Washington DC on Thursday.

Nasscom’s report titled ‘India’s Tech Industry in the US’ comes at a time when a looming election year has stagnated outsourcing decisions for US companies, which contribute about 65% to India’s tech sector. It has made Nasscom lower the growth projection to 11% for the Indian IT-BPO exports this year.

The report states that the direct workforce employed in the US by the Indian IT sector has almost doubled in the last five years to over 100,000. Nasscom said that even in a weak economic environment, Indian IT companies have robust local hiring plans.

Aegis plans to add about 4,000 jobs in next two years, while HCL Technologies plans to hire about 1,000 people in US in next 18 months. TCS also plans to hire more than 1200 people. Releasing the report, Nirupama Rao, Ambassador of India to the US said that the trade engagement between India and the United States has been a long-standing relationship.