Indian IT supports over 4,11,000 jobs in US: Nasscom

Indian IT supports over 4,11,000 jobs in US

Indian tech industry is contributing nearly 411,000 jobs to the US economy this year and $20 billion in taxes between 2011-15. NAASCOM said that Indian tech industry contributed more than $375 million to the US Treasury between fiscal year 2011-2015. American firms have been able to bring better, innovative, cost-competitive solutions that have helped improve their global market share with shorter production cycles. National Association of Software and Services Companies (Nasscom) president R Chandrashekhar said during the period covered by the study “Indian tech industry alone has invested over $2 billion and paid over $20 billion in US federal, state and local taxes — while also supporting 410,000 plus jobs in America.”

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