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India’s technology industry has generated $ 103 billion and last year directly employed 207,000 people in the US, with an average salary of $ 106,360 – 22 percent of jobs since 2017, according to a new Nassom report on Wednesday.
The direct impact of India’s technology industry has helped the US economy generate a total of $ 396 billion in sales, supporting 1.6 million jobs and contributing more than $ 198 billion to the US economy – by 2021 the combined economy of 20 U.S. states. As reported by Nassom and IHS Markit (now part of S&P Global).
“India’s technology sector works with more than 75 percent of the world’s 500 million-strong companies, most of which are headquartered in the United States to better understand and meet the critical challenges of the digital age,” said President Debjani Gosh. Nascom
Indian technology companies have contributed more than $ 1.1 billion to strengthen and expand the steam pipeline in the United States and have partnered with nearly 180 universities, colleges, community colleges and others.
He provided more than $ 3 million for the K-12 initiative alone. These efforts have so far affected more than 2.9 million students and teachers in the US.
The report also states that more than 2,55,000 employees are currently trained in the sector.
The Indian technology industry in the US has played a major role in expanding the pool of resources beyond traditional technology hubs.
This has made some states, such as North Carolina, a hotbed of technology.
Over the past decade, these states have increased their workforce by 82 percent, especially in states below the US average IT talent, the report said.
“The Indian technology industry will make a significant contribution to the US economy by encouraging domestic investment, innovation and manpower and enabling local human resource development,” Gosh said.
(Only the title and image of this report may have been redesigned by Business Standard staff; the rest of the content is automatically generated from integrated feeds.)
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